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: July 6, 2015
UAE. Business doesn't predict a plunge, London Business School survey finds; Only 3% of those surveyed expect an annual decline larger than 20%; Over a third cited a strong economic outlook.
date:Posted: July 6, 2015
INTERNATIONAL. Pretend and extend died last night, hopefully it will be replaced with a normal business cycle, normal ebbs and flows, but first politicians will try to save face by trying to do just one more round of pretend-and-extend, but the patient has died.
date:Posted: July 6, 2015
UAE. Marked slowdowns in growth of output and new business were at the forefront of the overall deceleration, while employment continued to rise at a solid pace.
INTERNATIONAL. Pretend and extend died last night, hopefully it will be replaced with a normal business cycle, normal ebbs and flows, but first politicians will try to save face by trying to do just one more round of pretend-and-extend, but the patient has died.
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