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
china wholesale market

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: August 31, 2015
UAE. Phidar Advisory's latest residential research note finds prices continue to decline; Key currencies are the Indian Rupee, British Pound and Pakistani Rupee; "Currency trends may help us understand and forecast local property prices," says Jesse Downs.
date:Posted: August 31, 2015
UAE. "It'll take some time before China adjusts to a more stable growth path. So, this sort of volatility will be with us for a while and perhaps worse," according to Linda Yueh, Adjunct Professor of Economics, London Business School.
date:Posted: August 30, 2015
INTERNATIONAL. Commodities have fallen to the lowest level in 16 years thereby wiping out all the gains that were made during the Chinese boom years during the first decade of this millennium.
UAE. Phidar Advisory's latest residential research note finds prices continue to decline; Key currencies are the Indian Rupee, British Pound and Pakistani Rupee; "Currency trends may help us understand and forecast local property prices," says Jesse Downs.
dhgate