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: August 21, 2017
UAE. As the population growth rates increase, not only are fears of over supply unfounded, rather there is a significant possibility of sustained under supply as Dubai continues its expansion plans towards achieving its goals of the World Expo 2020 and beyond.
date:Posted: August 21, 2017
UAE. According to MEED Projects, just US$56bn worth of contracts were awarded in H1 2017 compared with US$69bn over the same period in 2016; Long-term prospects bright with over US$2 trillion of known active projects in the pipeline across the GCC.
date:Posted: August 18, 2017
UAE. As many as 292 tenders with an estimated value of US$9.5 billion were awarded in Q2, while the total value of urban construction project awards set to reach US$50.9 billion in 2017, according to BNC Network.
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