Yemen plans US$5 billion investments in electricity infrastructure
Source: BI-ME , Author: Posted by BI-ME staff
Posted: Thu October 21, 2010 11:31 pm

YEMEN. HE Abdul-Karim Al-Arhabi, Deputy Prime Minister & Minister of Planning and International Cooperation announced Tuesday that Yemen is looking to invest US$5 billion in developing and expanding its electric infrastructure and capacity.

The announcement was made at the 3rd  International Yemen Oil, Gas and Minerals Conference (YOGM Conference) which kicked off its activities in Sana'a.

The minister stated that the Yemeni government would fund 20% of the projects while the rest would be funded by investors and international donors such as the World Bank.

The 3rd International Yemen Oil, Gas and Minerals Conference was held from 18-19 October at the Movenpick Hotel, Sana’a, Republic of Yemen.

The two-day event is held under the auspices of HE Ali Abdullah Saleh, President, Republic of Yemen, has strong government support and is witnessing keen interest from international companies in the oil and minerals sector.

 

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: April 17, 2014
KUWAIT. According to a newly released report by Kuwait Finance House Research, the global sukuk market saw a modest volume of US$31.14 billion in new sukuk issuances in 1Q2014. This volume represents a drop of 9.82% compared to US$34.53 billion worth of issuances in 1Q13.
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."
SAUDI ARABIA. The GCC said in a statement that foreign ministers of the six-member body had met in Riyadh for a comprehensive review of measures used to implement foreign and security policies.
dhgate