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EU parliament worries about deteriorating situation in Yemen
[29 January 2016]
WFP convey of food supplies arrives in Taiz
[25 January 2016]
Over 7000 families displaced by aggression in Mareb
[25 January 2016]
Hand grenade dismantled in Hodaida
[25 January 2016]
IED defused in Dhamar
[25 January 2016]
 
  Saudi Aggression on Yemen
Army, committees repel enemy forces creeping towards Midi
[07 February 2016]
Sniper units kill two Saudi soldiers in Jizan
[07 February 2016]
Saudi airstrike kills four people in Baqem
[07 February 2016]
Armed gang captured in Amran
[07 February 2016]
Army, committees control mountains of al-Amri area in Taiz
[07 February 2016]
 
  Reports
Explosive weapons killing Yemeni children: Save the Children
[08 December 2015]
IDEX 2015 establishes Abu Dhabi's position in global defence industry
[25 February 2015]
Yemen needs 12 years to spend donors' pledges
[23 December 2014]
Political assassinations with unknown perpetrators
[20 November 2014]
Yemen's Friends steering committee report on national situation
[25 September 2014]
 
  International
M 5.9 earthquake jolts Taiwan
[21 May 2014]
Poll sees centre-right party winning EP elections
[21 May 2014]
Craftsmanship "the luxurious part of Germany's perfection"
[19 May 2014]
Egyptians abroad cast votes to choose new President
[15 May 2014]
5 Afghan soldiers killed in separate bomb attacks with day
[11 May 2014]
  Economic
Issuing Islamic "sukuk" in lecture in Sana'a
[11/May/2010]
SANA'A, May 11(Saba) – A lecture on issuing Islamic sukuk (the Islamic equivalent of bonds) was organized here on Tuesday by the Yemeni Banks Association.

The lecture, attended by 40 specialists from the Central Bank of Yemen (CBY), Yemeni banks and the unity of the stock market and the relevant agencies, was carried out by the General Manager of the Stock Market in Khartoum Dr. Osman Khair, who is an expert in the International Monetary Fund (IMF) and delegated to assist the CBY in determining the structure and systems of the Islamic sukuk unit.

In the lecture, Dr. Khair reviewed Sudan's experience in issuing sukuk, through which the surpluses of Islamic banks are employed in financing infrastructure projects and various sectors of trade, health, education and other, which proved the success of this great experiment in contributing to the development process.

Yemen seeks to benefit from the brotherly and friendly countries' experiences in the field of issuing the Islamic sukuk, in forefront of which is Sudan.

The unit of Islamic sukuk in the CBY is currently studying the important projects that can be financed through these bonds, among them the projects of electricity in particular.

The CBY is now intensifying its efforts in cooperation with specialized Saudi, Arab and international finance institutions and organizations to speed up issuing the system of Islamic bonds in the Islamic and trade banks working in Yemen for the first time in the last quarter of this year, which will open a window for the Islamic banks to use their surpluses and at the same time saving funds for financing the projects of the socio economic plan in Yemen.

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UPDATED ON : Sun, 07 Feb 2016 20:12:06 +0300