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: October 2, 2014
UAE. "If the GCC is to maintain long-term sustainable growth, it will be very important to invest in education, increase productivity, and attract more foreign direct investment into high value industries, and step up more diverse export industries that are not dependent on commodities."
date:Posted: October 1, 2014
UAE. The UAE took part last week in U.S.-led airstrikes against Islamic State; Gulf Arabs regard Islamist groups as an existential challenge to their thriving economies and monarchies.
date:Posted: October 1, 2014
INTERNATIONAL. The Constitutional Court will keep challenging EU attempts at federalization and the Bundesbank will keep criticizing every measure that would reduce German sovereignty.
UAE. "If the GCC is to maintain long-term sustainable growth, it will be very important to invest in education, increase productivity, and attract more foreign direct investment into high value industries, and step up more diverse export industries that are not dependent on commodities."
dhgate