Yemen needs $11bn to revive economy
Yemen: The Yemeni government has said it needs $11bn of foreign aid to support a programme for reviving the economy after last year's uprising, Bloomberg has reported. "The economic situation is very...
View ArticleYemen to host international workshop on Islamic Microfinance
Yemen: Islamic Microfinance is getting appreciation by the whole world for alleviation of poverty and Muslim and non-Muslim Countries are utilizing it. Microfinance Institutions in Arab Countries are...
View ArticleYemeni central bank announces $1bn grand from Saudi Arabia
Yemen: Yemen's planning and international cooperation minister, Mohammad Al-Saadi has announced Saudi Arabia, through its Saudi Development Fund, is to present his country with $1bn grant, Kuna has...
View ArticleYemen LNG announces export terminal reopening
Yemen: Yemen LNG has announced the country's liquefied natural gas (LNG) export terminal has reopened at the end of August, after the pipeline that feeds it gas was repaired following an attack,...
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International donors pledge $6.4bn to Yemen
Yemen: The World Bank has said a group of international donors have pledged $6.4bn of aid to Yemen to help the country rebuild after it was hit by political unrest and an insurgency waged by Al Qaeda,...
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IFAD pledges $41m for agriculture and rural development in Yemen
Yemen: The Consultative Group Meeting for the Republic of Yemen concluded deliberations in Riyadh with an announcement of $6.4bn in pledges toward the 2012 - 2014 short and medium term priorities of...
View ArticleFive oil blocks open for bidding in Yemen
Yemen: International companies have received invitations from the Yemeni government to bid for exploration and development rights in five oil blocks around the country, as it gives top priority to...
View ArticleGas pipeline blown up again in Yemen
Yemen: A gas pipeline feeding Yemen's only liquefied natural gas (LNG) export terminal has been blown up again in the early hours of yesterday morning, Reuters has reported. "Yemen LNG confirms the...
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Emirates launches Eid in Dubai packages
Yemen: Dubai's shopping and entertainment festival, Eid in Dubai, is around the corner once again and Emirates, key sponsor and official carrier, is offering attractive special fares for visitors from...
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Piracy drops by 54% in Gulf of Aden
Yemen: Ahead of the upcoming Seatrade Middle East Maritime exhibition and conference, the International Maritime Bureau's (IMB) Piracy Reporting Centre confirms that pirate attacks off the Somali...
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OMV says Yemen output recovers, raising overall production
Yemen: Austrian energy firm OMV has said its production rose in the third quarter, thanks mainly to a recovery in Yemen after repairs to its oilfields and pipelines from rebel attacks, although it...
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Yemen expects LNG pipeline to be repaired within one week
Yemen: Yemen's oil minister has said a gas pipeline feeding the country's only liquefied natural gas (LNG) export terminal will take around a week to be repaired following an attack on it last week,...
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IFAD to provide funds for YemenInvest - Rural Employment Programme
Yemen: The International Fund for Agricultural Development (IFAD) will extend a grant of $9.07m to the Republic of Yemen to finance the YemenInvest - Rural Employment Programme with the goal of...
View ArticleTadhamon International Islamic Bank's Financial Strength Rating downgraded;...
Yemen: Capital Intelligence (CI), the international credit rating agency, announced that it has downgraded the Financial Strength Rating of Tadhamon International Islamic Bank (TIIB), based in Sana'a,...
View ArticleYemen seals deal with tribesmen to repair oil pipeline
Yemen: The Yemeni government has begun repairing the country's main Maarib oil pipeline and power lines, after reaching a deal with tribesmen to stop attacking the country's infrastructure, Reuters...
View ArticleReliance offloads 25% stake in Yemen's Block-9
Yemen: India's Reliance Industries (RIL) has sold its 25% stake in an oil block in Yemen to Indonesia's Medco Energi for about $90m, PTI has reported. RIL's Dubai-based subsidiary Reliance Exploration...
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Yemen Kuwait Bank for Trade and Investment goes live on ICS BANKS
Yemen: Yemen Kuwait Bank for Trade & Investment (YKB), the first bank to be established by the private sector in Yemen, has successfully implemented ICS BANKS the universal banking solution from...
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Yemen acquires two new cargo aircraft
Yemen: Yemen's ministry of transport has taken delivery of two new freighters from Xian Aircraft, becoming the manufacturer's first customer in the region, Arabian Aerospace has reported. The twin...
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Kuwait to fund building key roads in Yemen
Yemen: Yemen is set to receive $50m from the Kuwait Fund for Arab Economic Development (KFAED) to build vital roads in the country, Kuna has reported. The KDAED funding will be channelled to the...
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Abeer Azzuhoor, the new premium department Store in Sana'a, Yemen
Yemen: The end of 2012 marked the launch of Abeer Azzuhour's new expansion into a premium department store, designed and installed by Open D Group Dubai. Key Yemeni Retailers and Government figures...
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