Tuesday 18 June 2013
 
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yemen

Yemen to receive $144m loan from AMF

The Arab Monetary Fund (AMF) will provide a $144 million loan to Yemen this year to help its financial reform programme, the fund said on Monday. Pro-democracy protests in 2011 brought Yemen, a neighbour of top oil exporter Saudi

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Bahrain to set up new building materials firm

Bahrain-based Al Ansari Group and Associated has signed a major agreement with a Yemeni group to set up a concrete mixer utilities company which will create 100 jobs in the kingdom. A memorandum of understanding (MoU) was signed b

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Bahrain to set up new building materials firm

Bahrain-based Al Ansari Group and Associated has signed a major agreement with a Yemeni group to set up a concrete mixer utilities company which will create 100 jobs in the kingdom. A memorandum of understanding (MoU) was signed b

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Land Cruiser sales up 15pc in GCC

Toyota's Land Cruiser model sales were up by 15 per cent in the first quarter of this year, across the Gulf region. The model has maintained its leadership status in the SUV segment with a 40.4 per cent market share, while ove

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Yemen cbank exceeds govt loans cap by $1.6bn

Yemen's central bank exceeded the legal limit on how much it may lend to the government by 347.9 billion rials ($1.6 billion) last year, its annual financial statement showed. The disclosure underlines the severe financial pre

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5.7 earthquake reported off coast of Yemen

An earthquake with a magnitude of 5.7 struck off the coast of Yemen early on Monday, the US Geological Survey said. The quake occurred about 217 km from the Yemeni mainland at a depth of 10 km in the Arabian Sea, the USGS said. -

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Yemen top military official assassinated

Two suspected Islamist militants shot dead a provincial military intelligence chief in Yemen on Saturday, a security official said, the latest in a series of assassinations in the impoverished state's lawless south and east. T

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Etihad launches direct flights to Sanaa

Etihad Airways, the national airline of the United Arab Emirates, will launch direct flights from Abu Dhabi to Sanaa from September 1. The Yemeni capital will be the airline's eighth destination on the Arabian Peninsula. Fligh

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Yemen in financial aid talks with IMF

The International Monetary Fund is discussing fresh financial aid to Yemen with the government of the country, a senior IMF official said on Tuesday. Masood Ahmed, director of the IMF's Middle East and Central Asia department,

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Saudi deports thousands of 'illegal' Yemenis

  Saudi Arabia has begun deporting thousands of Yemeni labourers following new regulations requiring foreigners to work only for their sponsors, a Yemeni official said on Monday, a move that could "significantly damage"

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