In brief [Archives:2005/832/Business & Economy]
– The visit of the delegation of Gulf countries' Ministers of Labor and Social Affairs to Yemen was concluded last Wednesday with signing a cooperation protocol in the field of labor and social affairs between Yemen and both of Bahrain and UAE. The protocol included technical cooperation and in the filed of human resources development between Yemen and Bahrain. The protocol included cooperation with UAE in the field of labor, social affairs and exchange of expertise.
– Dr. Hamoud Ali Al-Najar, Yemen's permanent economic representative in Geneva, in charge of the file on Yemen's joining the World Trade Organization (WTO), declared that the second meeting WTO will be held on Sep 15, 2005 to discuss procedures of Yemen's joining WTO.
– Mrs. Jennifer Brandt, Trade Policy Consultant at Oxfam in Yemen, called for the application of WTO laws fairly and it will be in the favor of the less developed countries, pointing out in a press release the significance of respecting moral aspect in the implementation of these rules. She asked WTO members to give opportunity for the less developed countries to integrate and develop their capabilities to compete in the world market.
– The workshop on structuring Social Care Fund (SCF) organized by SCF in collaboration with the European project on April 5- 7 recommended that the structure should be applied in a clear and accurate manner. On his part, Mr. Tebert, International Expert of Organizational System, said that this step is just for discussing the legislative aspects and we should have a complete suggestion to be offered to the board of directors to be approved primarily.
– Yemenia Airways last week inaugurated the first flight to Burj Al-Arab Airport in Alexandria, Egypt. This came in the light of a decision taken by Yemenia leadership on operation of two weekly flights starting from June from Sana'a to the airports of Al-Nuzhah and Burj Al-Arab in Alexandria.
– Official statistics reported that the rate of foreign investment in Yemen reached 41% in 2004 as investment projects in various sectors costing about US$ 800 million. The investment projects registered from 1992 to 2004 are 5064 projects worth of more than YR 962 billion. There are three cement factories at the cost of US$500 million are under construction, all of which are Arab investment projects.
– Preparations for participating in the desert tourism exhibition that will be held in Dubai, UAE, between April 16- 22 are underway at the Ministry of Culture and Tourism and the Tourist Development Authorities. The participation is aimed at demonstrating Yemen's tourist sites in the deserts. The participation in this exhibition is also to portray natural and tourist landscapes in Yemen.
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