Published on 25 April 2013 by Mohammed Al-Hasani in Business
The General Investment Authority (GIA) has presented a bill to the Cabinet in order to amend the current investment law created in 2010 under former President Ali Abdulla Saleh.
Published on 25 March 2013 by Samar Qaed in Business
Over the past two years, a cheap but risky technique for buying gas—for use in homes, shops and restaurants—has become common. Instead of purchasing new gas cylinders, Yemenis are taking their old, used canisters to gas stations and refilling them with petroleum used for cars. Though illegal and unsafe, this is a widespread practice across the country.
Cement Corporation factories, on brink of collapse due to hike in price of dieselPublished on 24 January 2013 by Samar Qaed in Business
With factories in Bajel, Amran, and Bahr, the Public Corporation for Cement Industry and Marketing's has been a leading manufacturer in cement material for the past two past decades. However, in recent years, these government-owned factories have managerially deteriorated and are now in danger bankruptcy. In large part, this is due to an increase in the cost of fuel.
Published on 17 January 2013 by Samar Qaed in Business
Emad Al-Qubati, a bus driver in Sana'a, complains about damage to his mini bus that is a result of potholes in the city and cracks in pavement. Al-Qubati’s tone dampens when he speaks about his daily income that doesn’t exceed YR 3000, about $14. He says instead of being able to use his income to support his family, he spends most of it on the maintenance of his mini bus.
Government 'working on' recovery of Yemen’s construction industryPublished on 27 December 2012 by Samar Qaed in Business
One of the most important economic sectors in Yemen was devastated by the 2011 recession and further damaged by state corruption. The construction industry, which comprises around two thirds of the national economy, has already lost 60 percent of its contractors to other businesses due to an almost complete halt in projects in 2011 brought on by an inability of the state to pay contractors and aid in security related issues.
Published on 20 December 2012 by Samar Qaed in Business
Despite being in his late 20’s, the lines on Bilal Muhsin's face, a Yemeni worker, show years of hardship and worry. He makes a living from a daily job in the construction business. With his colleagues, he waits for many hours in the hot sun hoping someone will pass by to offer them work.
Published on 13 December 2012 by Ashraf Al-Muraqab in Business
Due to low start-up costs and a high processing rate, honey production in Yemen is rapidly becoming one of the fastest ways to make money.
Hodeida Port — a 'hidden treasure'Published on 10 December 2012 by Amal Al-Yarisi in Business
Overlooking the Red Sea, Hodeida Port has long played an important role in Yemen's economy. After a long period of recession over the past few years both economists and locals are optimistic about its potential to recover and flourish again.
Published on 24 October 2012 by Ashraf Al-Muraqab in Business
Dr. Amat Al-Razaq Ali Homad, Minister of the Social Affairs and Labor Ministry, and Abdulqader Helal, Secretariat of the Capital, on Sunday inaugurated the “Microfinance Project Days” fair in Sana’a’s Al-Sabeen Park. The event was organized by Yemen’s Microfinance Network and financed by the Social Development Fund (SDF).
Published on 18 October 2012 by Ahmed Dawood in Business
Yemeni markets are teeming with the Chinese products that many consider to be low-quality and breakable. Yemenis say they are concerned about this trend that has become all too common nationwide because they find themselves unable to distinguish between quality products and those that have been cheaply made.
