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: February 23, 2017
UAE. Dubai strongly positioned as financial, retail, construction, and transportation services hub for the region, according to latest report from A. T. Kearney.
date:Posted: February 23, 2017
INTERNATIONAL. Despite its starring role in business and everyday life, many economists openly question whether technology is visible in traditional economic metrics such as GDP, productivity, and corporate profits.
date:Posted: February 23, 2017
UAE. New MEED Insight report shows how lower oil prices have reshaped Middle East investment strategies in oil, gas and petrochemicals projects.
dhgate