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.



date:Posted: November 26, 2015
UAE. Legal experts say move will influence oil major investment plans in Iran ahead of the lifting of sanctions; Lawmakers likely to be mindful of "missed opportunities" in Iraq and Lebanon.
date:Posted: November 25, 2015
UAE. EMAAR, Shell, and Emirates lead The LinkedIn InDemand list of the most sought-after employers in the region based on millions of interactions from members; Rather than relying on questionnaires, InDemand measures the actual behaviour of professionals as they explore their career journey.
date:Posted: November 24, 2015
INTERNATIONAL. Commodities still under pressure; Oversupply in the oil market continues to be a concern; Gold consolidating as December rate hike now priced in.
UAE. -3.5% annual rate of change in values at the end of UAE. -3.5% annual rate of change in values at the end of Q3 2015; Rents stabilise with average rents across freehold areas down 3.2%; Transactions creep upwards; Affordability challenges remain.
Monogram Ring