almotamar.net - (MENAFN - Kuwait News Agency (KUNA)) The Federation of GCC Chambers (FGCCC) will take part in the Yemen Investment Conference scheduled for April 22-23 under the auspices of Yemeni President Ali Abdullah Saleh.
FGCCC Secretary General Abdulraheem Naqi told KUNA Wednesday, the Federation is responsible for creating and taking advantage of investment opportunities within its members and Yemen.
The Federation's representative economic advisor at the Secretariat Abdulatif Al-Migrin will present a working paper on "investments between Yemen and the GCC," he added.
The trade volume between the group and Yemen has increased in the years between 1995-2005 to reach USD 539 million of GCC investments in Yemen, and USD 418 million of Yemeni investments in the GCC, Naqi said.
Most of that money, both ways, is between Saudi Arabia and Yemen. The Kingdom's shares in Yemeni investments make up 86 percent of total GCC investment and 70 percent of Yemeni investments in the GCC are in Saudi Arabia.
The conference will discuss exploring investment opportunities in Yemen and investing regulations and laws
A Saudi aggression fighter jet targeted a citizen's car driving in Fara area of Kutaf district in Saada province overnight, killing the driver and injuring his friend, a security official said on Monday.
Scores of Saudi enemy soldiers were killed and injured on Sunday when the army and popular forces repelled a Saudi military attempt to sneak into Shurfah site in the border province of Najran, a military official said.
The operation was accomplished successfully against the Saudi
Saudi aggression warplanes have launched more than 49 airstrikes over the past hours on several residential areas across Yemen, a security official said on Sunday.
The airstrikes targeted the areas of Malahiz and Husama in Dhahir district, and areas Thuban, Masahif and Sdad in Bakim district of northern Saada province.