GAI chairman calls for setting up stock market in Yemen
Source: BI-ME , Author: BI-ME staff
Posted: Tue February 24, 2009 12:00 am

YEMEN. Chairman of the General Authority for Investments (GAI) Salah al-Atar renewed on Sunday a call for setting up stock market in Yemen to attract investments into the country.

In a press conference held on Sunday, al-Atar said that the stock market would enhance wise governance, change family companies to be shareholding companies, and help small and medium enterprises to get funds.

Current global financial crisis should not delay establishment of the market in the country, he said, there is now a real chance for Yemen to attract further investments.

Al-Atar reviewed features of the new law of investment which links with other laws like new law of taxes incomes on companies as this law would decrease taxes incomes on the companies from 35% to 25% and 15% for investment projects.

He said that the seats of the GAI's board would be changed to be shared half and half between public and private sectors, adding that the new law of the investment would grant the Authority further financial and administrative independence.

 

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: April 19, 2014
UAE. Key sectors driving growth in the housing market are the tourism, hospitality, education and healthcare sectors, which is translating into robust population growth and demand.
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.
date:Posted: April 16, 2014
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.
dhgate