Yemen President agrees to quit under GCC deal
Source: BI-ME with Reuters , Author: Posted by BI-ME staff
Posted: Sun April 24, 2011 12:12 pm

YEMEN. Yemen's ruling party has informed the Gulf Arab sponsors of a political transition plan that it accepts the proposal in full, party spokesman Tariq Shami told Reuters.

"The ruling party informed the foreign ministers of the GCC of their acceptance of the Gulf initiative in full," he said.

The Gulf Cooperation Council Plan stipulates that Yemeni President Ali Abdullah Saleh, who has faced months of mass protests, will hand over power to his vice-president one month after an agreement is signed with opposition forces, and be granted immunity from prosecution

 

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.
dhgate