In Brief [Archives:2008/1204/Local News]

November 3 2008


Marketing training courses to be organized

The Social Welfare Fund in Aden is set to organize a number of training courses in the field of marketing which will last until end of this year with participation of 25 youths from fund's beneficiaries.

In a statement to Saba, Director of the Social Welfare Fund (SWF) in Aden Mahdi Batweel indicated that it is appropriated YR 16 million as loans for beneficiaries in order to build their scientific abilities and create labor opportunities and enterprises for entering labor market.

Next November, a workshop in Aden will be organized to Fund's officials to discuss the fund's legal list and enrich it with notes to be presented to Ministry of Social Affairs and labor, he added.

It is note worthy, 180 persons benefited from SWF in Aden.


Cabinet agrees on two treaties worth $ 21, 2 million

In its meeting held on Tuesday, the cabinet agreed on two loan treaties signed between the government and Islamic Solidarity Fund for Development (ISFD).

The first treaty, worth $ 11, 2 million, is for contribution in funding rural roads program, while the second one which worth more than $ 10 million is for contribution in supplying water and sanitation projects in al-Houta city in Lahj governorate.

The cabinet referred the two treaties to parliament for completing constitutional measures needed for final approval.

The road project aims at alleviating effects of poverty and improving livelihood of poor in rural areas in Taiz and Lahj governorate via linking the two governorates with road network. The sanitation project aims at improving environmental, health and livelihood conditions in al-Houta city.

Yemen, IMF review steps taken to join WTO

Yemen and the International Monetary Fund (IMF) reviewed here on Tuesday steps Yemen has made to join to the World Trade Organization (WTO).

Minister of Industry and Trade Yahya al-Mutawakel discussed with IMF's delegation visiting Yemen currently results achieved in the fifth round of negotiations to join to WTO held recently in Geneva.

The meeting highlighted the price changes in the local market as well as the latest economic development in the country and policies to promote economic growth.

CBK to invest $30 million in Yemen

The Commercial Bank of Kuwait (CBK) has announced it will invest a capital of $30 million in Yemen in partnership with the Yemen-Gulf Bank and the International Finance Corporation.

The announcement was made at the meeting that gathered head of the General Authority for Investment Salah al-Attar and chairman of the board of directors of the bank Abdul Majeed al-Shati.

The meeting discussed opportunities and merits of banking investment in Yemen and raised issues related to cooperation between the CBK and the Yemen-Gulf Bank.

Al-Attar also met with director of the following-up unit at the Kuwait Investment Authority Mutlaq al-Sana'a and Waleed al-Rowdhan from the Kuwaiti Investment Authority and discussed with them aspects of cooperation between the two countries authorities of investment.

He also met with executive director of the Kuwait Finance House (KFH) Muhammad Al-Omar. The two discussed the possibility of supporting private sector projects through ensuring necessary transfers to establish strategic projects in Yemen.

Al-Attar submitted to al-Omer two private sector projects to study the possibility of providing funds for their establishment.

Al-Attar also met with chairman of the board of directors of the Arab Social and Economic Development Fund Abdul Latif al-Hamad and discussed ways to boost cooperation between the fund and General Authority for Investment.

Al-Attar, furthermore, held talks with Kuwaiti company owners and investors topped by the the M.A Kharafi Group of Kuwait Nasser Abdul Muhsen al-Kharafi who said his company plans to establish investment projects in Yemen in various promising investment sectors.

Al-Attar introduced them to investment opportunities and facilitations the Yemeni investment laws provide for foreign investors.


Social awareness campaign to be launched in Saada

A meeting chaired by Saada governor discussed on Thursday mechanisms of implementing a social awareness campaign and supportive means to deliver the required message.

The meeting also dealt with related aspects to coordination with culture and information offices as well as concerned bodies in the governorate, in addition to means of activating role of the society and civil society organizations and their participation in reinforcing and deepening principles of culture and cooperation among members of the society.


Two boys drown in rain-created pond in Hudaida

Police in Hudaida province have found two young bodies after they drowned in a pond created by rains.

The bodies were of 12 and 13 young boys identified as Ahid Haider Saif and Ammar Rajehi Bukhait.

The two drowned while swimming in a pond created by the rains that fell in the province on Wednesday.

Recently, rains have fallen in several parts of the republic, with heavy rains lashing the eastern provinces of Hadramout and Maharha that left more than 90 people killed and more than 31 missing.

Rains usually leave ponds which may lead to disease spread or to killing pools for young or those who can't swim, in case they are not dealt with immediately.


Government agrees on establishing Socotra new port

The government approved in its cabinet's meeting held on Tuesday on the draft decision for establishing Socotra new port in Karma area in Socotra Archipelago on area estimated at 280,000 square meter.

The cabinet affirmed assignation the area in the current port in Hulaf area to practice its current duties and development projects, asserting commitment of conditions for protecting environment included in the record signed between the Yemeni Red Sea Ports and the General Authority for Protecting Environment.