EU interest in developing Yemeni democratic experience
Source: BI-ME and agencies , Author: BI-ME staff
Posted: Tue February 24, 2009 12:00 am

YEMEN. Members of European Parliament expressed in Sana'a on Monday the European Union's interest in developing the Yemeni democratic experience.

During his meeting with the EU delegation members, Speaker of Parliament Yahya al-Ra'ei said that the democracy is stable in Yemen because it is based on advance constitutional and legal rules, noting that it is permanently developed to benefit from the positive experiences of the friendly countries so as to upgrade the democratic process in general .

Al-Ra'ei also briefed the delegation on the democratic and parliamentary experience in Yemen, indicating the nature of duties carried out by the people's representatives in the legislative and observation fields and the major legislations approved by the parliament relating to the economic, financial and administrative reforms.

The Speaker pointed out the ongoing preparations for holding the forthcoming parliamentary elections on time, in April this year, noting to the underway dialogues among the political parities on practicing this democratic right.

The meeting reviewed other subjects related to the bilateral cooperation between Yemen and EU.

 

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: April 17, 2014
KUWAIT. According to a newly released report by Kuwait Finance House Research, the global sukuk market saw a modest volume of US$31.14 billion in new sukuk issuances in 1Q2014. This volume represents a drop of 9.82% compared to US$34.53 billion worth of issuances in 1Q13.
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INTERNATIONAL. The WGC pointed out that the Chinese bank savings amount to US$7.5 trillion but only about US$300 billionn is allocated to gold, signifying the potential for gold demand to grow as Chinese wealth climbs.
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UAE. "A similar drop to 2013 is unlikely. Those who wanted to get out of gold did, and the rest of 2014 will probably be a year of sideways trading."
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