26 Septemper News - _NEWS - Topic Business

Oil up to $75 as stocks rise, Europe worries ease

Wed, 08 Sep 2010 20:20:46 +0300

Oil prices followed stocks higher on Wednesday, as worries about European debt problems eased and buyers returned to the market. Benchmark crude for October delivery rose 91 cents to $75 a barrel on t

IMF intends to launch $369.8 mln three-year program for Yemen

Sun, 05 Sep 2010 21:42:04 +0300

The International Monetary Fund (IMF) has announced its intention to launch a three-year support program for Yemen at $369.8 million, almotamar.net reported on Sunday. The program comes within a medi

Over 60 investment projects licensed in AFZ worth $ 525 mln

Sat, 04 Sep 2010 23:02:52 +0300

The Aden Free Zone (AFZ) has licensed 61 investment projects at a total cost of USD 525 million during June 2009- June 2010. A statistical report issued by the AFZ, Saba got a copy of it, revealed th

Russia extends ban on grain exports until 2011

Thu, 02 Sep 2010 20:39:42 +0300

Russian Prime Minister Vladimir Putin said Thursday he has extended Russia's ban on wheat exports until next year's harvest to ensure it has bounced back from a severe drought and wildfires that destr

Muslim countries donate nearly $1 billion to Pakistan

Sun, 29 Aug 2010 21:54:43 +0300

ISLAMABAD � Muslim countries, organizations and individuals have pledged nearly $1 billion in cash and relief supplies to help Pakistan respond to the worst floods in the nation's history, the head of

Toyota recalls 1.1 million Corollas, Matrixes

Thu, 26 Aug 2010 21:21:04 +0300

Toyota recalled 1.13 million Corolla sedans and Matrix hatchbacks Thursday because their engines may stall, the latest in a string of quality problems at the Japanese automaker. The recall covers vehi

Mujawar urges strict implementation of tax laws

Wed, 25 Aug 2010 21:40:00 +0300

Prime Minister Ali Mujawar urged on Wednesday to strictly apply the tax laws including the sales tax law and enforce them on all incumbent people. He also asked the Finance Ministry to submit the per

Proposal to form board of directors for Securities Authority approved

Tue, 24 Aug 2010 00:21:58 +0300

The Supreme Committee to establish the stock market approved on Monday a proposal on forming a board of directors for the Securities Authority, consisting of a chairman and four full-time members. Th

US threatens Turkish firms over business with Iran: report

Fri, 20 Aug 2010 23:53:20 +0300

The United States has warned Turkey of possible sanctions against Turkish firms doing an increasing amount of business with Iran, the daily Cumhuriyet reported Friday. The paper said the US warning t

Shell India imports second spot LNG cargo from Yemen LNG

Tue, 17 Aug 2010 21:46:53 +0300

Shell India has imported a 160,000 cubic meter spot cargo from Yemen LNG, an official with the Gujarat state government has said. The cargo was loaded on to the LNG tanker Maersk Marib at Balhaf, eas

Yemen fish revenues reached $108 in 6 months

Mon, 16 Aug 2010 22:10:13 +0300

Revenues of Yemeni fish exports increased during the first half of 2010 to $108 million, compared with $ 105 million during the same period of 2009. The increase comes due to the increase of the expo

Higher Budget Committee discusses its framework for 2011-2013

Sun, 15 Aug 2010 22:35:45 +0300

The Higher Budget Committee discussed in its meeting on Sunday, chaired by Prime Minister Ali Mujawar, draft of the medium-term general framework and ceilings of the state general budget for the years

Oil price slide continues on grim economic reports

Thu, 12 Aug 2010 22:47:20 +0300

Oil prices lost more ground Thursday as discouraging global economic news reinforced concerns about slowing consumer demand for energy products. Benchmark crude for September delivery fell $2.28 to se

Saudi businessmen to invest US$1 bln in Yemen

Wed, 11 Aug 2010 21:48:43 +0300

Saudi investors intend to pump over the next five years US$1 billion in new investments in several Yemeni cities. This came as Yemeni President Ali Abdullah Saleh has vowed to provide all the moral a

PM welcomes Indonesian investments in Yemen

Wed, 11 Aug 2010 21:36:45 +0300

Prime Minister Ali Mujawar met here on Wednesday with the Indonesian President's emissary to the Middle East Alwi bin Shihab along with Head of Medco Energi Company Hilmi Panigoro. Talks in the meeti

il falls to near $81 ahead of Fed meeting

Tue, 10 Aug 2010 10:11:17 +0300

SINGAPORE -- Oil prices fell to near $81 a barrel Tuesday in Asia as investors looked to a Federal Reserve meeting for possible policy changes to boost U.S. economic growth. Benchmark crude for Septem

Saudi Arabia approves $385bn development plan

Tue, 10 Aug 2010 09:42:00 +0300

Saudi Arabia, the Arab world’s biggest economy, approved a five year 1.44 trillion riyal ($384 billion) development plan as the kingdom seeks faster economic growth, the official Saudi Press Age

Crude oil sales for next October approved

Mon, 09 Aug 2010 17:08:29 +0300

The Supreme Committee on Crude Oil Marketing, chaired by Prime Minister Ali Mujawar approved on Monday the sales of crude oil for October, 2010, with a total quantity of 5.25 million barrels . The co

Yemen, China agree to hold trade fairs in Sana'a and Beijing

Sun, 08 Aug 2010 20:13:50 +0300

The General Union of Chambers of Commerce and Industry and the Chinese Center for Foreign Trade signed here on Sunday an agreement on exchanging trade visits and holding trade fairs in Sana'a and Beij

Oil hovers above $81 after surging to 3-month high

Tue, 03 Aug 2010 11:08:11 +0300

SINGAPORE-- Oil prices hovered above $81 a barrel Tuesday in Asia after surging stock markets and a weaker dollar helped boost crude to nearly a three-month high. Benchmark crude for September deliver