In Brief [Archives:2006/937/Business & Economy]

April 13 2006

– Yemeni geological authority sources reported that a strategic project to exploit marble and granite will be implemented as a joint transaction with the German private sector. Sources said several German businessmen have shown their willingness to build investment projects to excavate and manufacture marble and granite found abundantly in Yemen.

Sources affirmed that such projects need completed infrastructure and that the authority shortly will begin training and qualifying those working with the rocks.

– A delegation of businessmen and members of Parliament left for the Lebanese capital last Thursday to participate in an April 6-9 economic conference on reform.

Chairman of the businessmen's council Abdulsallam Al-Athwari said the Yemeni delegation would present a working paper to the conference on components of wise governance within the framework of Yemen's experiment, adding that there would be a proposal to establish a world forum for wise governance to enhance its role and cause the issue to be discussed within a worldwide framework.

– Sayoun Museum received two antiquities dating back to 2500 B.C. The two pieces were discovered by chance during construction work implemented by Canadian oil company Nexon in its concession block in Basheer Al-Khair oilfield block 51.

– Saudi Arabia has accepted allocating 30 seats for university studies to female Yemeni students living in the kingdom as part of an executive program of cooperation signed by the two countries in the field of education.

– In a meeting with France's ambassador to Yemen, Deputy Premier and Minister of Interior Dr. Rashad Mohammed Al-Aleemi discussed a French-financed project to develop work between legal and judicial institutions.

The project, involving ministries of interior, labor, local administration and the central apparatus for auditing and accountability, will begin operations later this month. It aims to develop a mechanism of joint work and performance integration between the four institutions, including both internal and external training and qualification.

– Kuwait and Yemen signed an agreement in Sana'a on Sunday, April 9, to bolster bilateral cooperation in monitoring, training personnel and exchanging expertise, especially in the areas of pre-auditing and revision.

The agreement stipulates enhancing cooperation between Yemen's central apparatus for auditing and accountability and Kuwait's accounting organization in the fields of revising and evaluating performance. The agreement also provides for exchanging documents and plans, as well as coordinating the two countries' stances in auditing activities at Arab, Asian and international levels.

– Yemen and China signed a memorandum of understanding (MOU) wherein China will offer Yemen $1 billion to finance various development and production projects.

Minister of Planning and International Cooperation Abdulkarim Al-Arhabi signed for the Yemeni side, while the deputy director of the exports bank signed for the Chinese side. The MOU was signed on the sidelines of President Ali Abdullah Saleh's visit to Beijing, which concluded Sunday, April 9.