Friday, 29-March-2024 08:40
 
comments in
"News"
JMP rally offends military and security, provokes governorates
Shamlan is nothing but a puppet for the opposition parties to execute their PR agenda in this campai ...
No security incidents reported during election campaigns
you probably should not be too optimistic - too early to say
Sudanese official arrives in Sana'a
HI this intersting web sait and usefull .ihope to find alot of information about yemen beacause we ...
Sudanese official arrives in Sana'a
i like all yhe artical in this pAGE .SO I WANT TO THANK YOU
President Saleh returns home after 3-nation tour
Try to be honest to yourselves and don't steal articles which you didn't translate. Translator of t ...
News
Almotamar Net - The establishment of a Group of International Islamic Federation Bank is announced in Yemen

Tuesday, 24-April-2007
Almotamar.net - The establishment of a Group of International Islamic Federation Bank is announced in Yemen.

Chairman of the Yemeni-Saudi Business Forum Dr Shihab al-Aazazi chairman of the forum said in statements quoted by Tuesday by the Saudi Iktissadiya newspaper that agreement of a large number of Gulf and Yemeni investors has been reached to establish the bank and the official sides in Yemen have also given their acceptance. He said next week there will be talks with official Saudi and Gulf sides in this regard.

Al-Azazi made it clear that the bank's $10 billion capital will be distributed on 60 million stocks the price of each is $10, the founders to possess 35% of the capital and the remaining 65% will be put to underwriting fore shareholders living in Yemen where the bank is headquartered/

Dr al-Azazi affirmed that ten Saudi investors have signed memorandums of understanding and contracts for the establishment the bank group on the sidelines of the investment opportunities in Yemen conference, clarifying that he idea of the bank is based on founding a new group of banks or buying existing banks and merger them to be affiliate the bank group under a proposed name of the Group of International Islamic Federation Bank under a declared capital of $10 billion.
More from "News"

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