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: September 1, 2014
UAE. The Middle East's top brands have grown by an average of 38%, according to The Brand Finance Middle East 50; This brings the total value of the top 50 above US$50 billion for the first time; Emirates holds the top spot and remains far ahead of the rest.
date:Posted: September 1, 2014
SAUDI ARABIA. Consumer spending also remained robust; Non-oil exports rebound owing to greater production of petrochemicals and plastics.
date:Posted: September 1, 2014
INTERNATIONAL. Oil markets since 2011 have become less price sensitive to actual supply disruptions, especially to those geopolitical events that have taken place since the Arab Spring.
UAE. The Middle East's top brands have grown by an average of 38%, according to The Brand Finance Middle East 50; This brings the total value of the top 50 above US$50 billion for the first time; Emirates holds the top spot and remains far ahead of the rest.
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