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: February 6, 2016
INTERNATIONAL. PMI: The high cost of low performance shows need for stronger worldwide implementation of project, program and portfolio management.
date:Posted: February 6, 2016
UAE. S&P expects Abu Dhabi's government balance will worsen further based on the ratings agency's updated oil price assumptions; However, the emirate's large net asset position will continue to give it a considerable buffer to support the economy; Continued structural and institutional weaknesses anticipated.
date:Posted: February 5, 2016
INTERNATIONAL. "Saudi regional leadership amounts to exploitation of a window of opportunity rather than reliance on the assets and power needed to sustain it. That window of opportunity exists as long as the obvious regional powers - Iran, Turkey and Egypt - are in various degrees of disrepair."
UAE. S&P expects Abu Dhabi's government balance will worsen further based on the ratings agency's updated oil price assumptions; However, the emirate's large net asset position will continue to give it a considerable buffer to support the economy; Continued structural and institutional weaknesses anticipated.
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