Tuesday, 22-May-2018 22:27
 
no comments in "Economy"
Economy
Sunday, 22-February-2009
Almotamar Net - Chairman of the Investment Authority in Yemen Salah al-Attar said Sunday the amendments in investment law in Yemen include customs exempts, income tax reduction for the companies by 15% for investment projects and modification in the formation of the investment Authority Board of Directors by 50% of the public sector and 50% of the private sector. 

Almotamar.net - Chairman of the Investment Authority in Yemen Salah al-Attar said Sunday the amendments in investment law in Yemen include customs exempts, income tax reduction for the companies by 15% for investment projects and modification in the formation of the investment Authority Board of Directors by 50% of the public sector and 50% of the private sector.


Al-Attar clarified that legislations in the investment law come in response to the investment environment. In a press conference organized by the Investment Authority Sunday he said the investment draft law would be send in a short time to the ministerial committee in charge of revising investment laws then to the cabinet and then to the parliament. He added that engagement of the private sector in the Authority’s Board of Directors is an embodiment of the election platform of the President of the republic and in implementation of the government programme.

Al-Attar aid any projects no implemented within ten years will be cancelled and the Investment authority does not believe in quantity of projects but rather the quality.

Al-Attar denied as incorrect that allowing foreigners will harm the national sovereignty because it is safeguarded by the political leadership, adding “we are at present at the globalization age and Yemen engagement in countries’ economies is necessary and our laws believe in openness and partnership.”

More from "Economy"

Other titles:
Tuesday, 17-October-2017
The United Arab Emirates acknowledged on Tuesday that two of its pilots were killed when their military aggression plane crashed over Jawf province, a military official said

The official added that the aggressive crashed plane was an apache that was
Tuesday, 17-October-2017
Three citizens were killed and four others wounded in two Saudi air strikes hit Majza district of Saada province, an official said on Tuesday.

The strikes hit a citizen's car in al-Jamalah area in the district, the official added.
Tuesday, 17-October-2017
Artillery of the army and popular shelled a gathering of Saudi-paid mercenaries in al-Moqadra area in Serwah district of Marib province, a military official said on Tuesday.

Meanwhile, dozens of Saudi-paid mercenaries were killed and others injured in Wadi al-Theek in the district, the official added.
Monday, 16-October-2017
The army and popular forces carried out on Monday unique military operations in Taiz province.

A military official said that a number of Saudi-paid mercenaries were killed at the hands of the army and popular forces in al-Jazami Hill in al-Kadaha area in al-Ma'afer district.
Monday, 16-October-2017
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.
Monday, 16-October-2017
The army artillery and popular committees launched a fierce attack on Saudi-paid mercenaries' sites in Jawf province, a military official said on Monday.

The attack destroyed a military vehicle belonging to the mercenaries and killed all on board in Sabran area in khab and shaaf district.
Sunday, 15-October-2017
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
Sunday, 15-October-2017
The army and popular committees have killed a total of 18 Saudi-paid mercenaries in sniper operations over the past hours in the central province of Marib, a military official said on Sunday.

Ten mercenaries were killed in Nehm district and eight others were killed in Serwah district, said the official.
Saturday, 14-October-2017
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.
Thursday, 12-October-2017
The army and popular forces carried out an operation attack on Saudi-paid mercenaries' sites in al-Hawal area in Nehm district.

A local official said that the operation attack resulted in killing and injuring mercenaries, adding they also incurred heavy losses at their ranks

who we are     |    Advertising     |    contact us
All rights reserved © Almotamar Net, Developed by