Yemen plans to launch stock exchange with help from DFM
Source: BI-ME , Author: BI-ME staff
Posted: Sun November 1, 2009 1:18 pm

UAE. Dubai Financial Market (DFM) is assiting Yemen to establish its own financial market and related infrastructure, reported the official WAM news agency, citing a senior Yemeni economic official.

The Undersecretary of Yemen's Ministry of Finance, Jalal Yaqoub, said he had met with Essa Kazim, the Executive Chairman of DFM, during his recent visit to Dubai to discuss how Yemen could benefit from  DFM's technical and technological expertise and how the DFM could promote and support Sanaa's project.

"The Ministry of Finance is intending to launch the Yemen stock exchange by year-end," Yacoub said, adding that nine government companies would be selected to implement governance standards in bid to list them in the bourse.

 

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

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.
date:Posted: April 16, 2014
UAE. "A similar drop to 2013 is unlikely. Those who wanted to get out of gold did, and the rest of 2014 will probably be a year of sideways trading."
date:Posted: April 16, 2014
UAE. Apartments sector witnessed increase of 29% whilst villa rentals have grown by 15% year on year; Over the next four years roughly 65,000 new residential units penned for completion.
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