Global financial crisis negatively affects tourism in Yemen
Source: BI-ME and Yemen News Agency , Author: BI-ME staff
Posted: Tue February 24, 2009 12:00 am

YEMEN. Yemen's Tourism Ministry said on Tuesday that the global financial crisis had a negative impact on economic and social role of tourism in Yemen, which reflected the decline of the number of tourists coming to Yemen and the cancellation of hotel bookings.

In its report issued recently, the Ministry said the impact of the crisis included a decline in cash proceeds of foreign currencies and the demobilisation of some employees working in the tourism and hotel sectors.

The report pointed to the decrease of the number of tourist investment projects in 2008 to 12 projects in comparative 27 projects carried out in 2007.

 

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: November 26, 2014
UAE. "In the final months of 2014, we expect further increases in occupancy rates, with the pleasant weather attracting more tourists, alongside the seasonal increase in events and conferences."
date:Posted: November 25, 2014
INTERNATIONAL. In the end, it is unlikely that the territorial Islamic State can survive. The truth is that Turkey, Iran and Saudi Arabia are all waiting for the U.S. to solve the problem with air power and a few ground forces. These actions will not destroy IS, but they will break the group's territorial coherence.
date:Posted: November 25, 2014
BAHRAIN. The "increasingly deregulated and competitive economic environment is facilitating rapid growth in business development within the private sector."
UAE. Hosting political expert and author of "End of History", Francis Fukuyama, who will talk about the political state of the world and the most prominent powers in the geopolitical landscape at present, in addition to highlighting major political trends for 2015.
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