Arab Today, arab today yemen plans to issue islamic bonds
Last Updated : GMT 03:27:00
Arab Today, arab today
Arab Today, arab today

Yemen plans to issue Islamic bonds

Arab Today, arab today

Arab Today, arab today Yemen plans to issue Islamic bonds

Sana'a - Arabstoday

Yemen plans to issue Islamic bonds soon to finance government projects, Central Bank Governor Mohammad Awad Bin Humam said in an interview. \"We have plans with the Finance Ministry to issue Islamic bonds to finance government projects and other sukuk,\" Bin Humam said in a telephone interview from Sana\'a. \"We will try to do so as soon as possible.\" Middle East and Asian governments are turning to local sukuk investors to finance infrastructure projects as European lenders reduce overseas exposure amid the region\'s sovereign debt crisis. Global issuance of sukuk, or Islamic bonds, increased to $84.5 billion in 2011, a 64.5 per cent rise on the previous year, S&P said in a report this month. Yemen last sold Islamic bonds at the start of last year. Bin Humam declined to elaborate on the size or timing of the next sale. Unrest last year cost Yemen more than $8 billion, former Industry and Trade Minister Hisham Sharaf said on November 13. Bin Humam said Yemen\'s foreign reserves now stand at $4.6 billion, down from $5.9 billion in December. \"We used the money to finance petroleum products, government services and to buy wheat, flour and sugar,\" he said. Yemen\'s outgoing President Ali Abdullah Saleh will cede power this week after he signed a Gulf-brokered accord to end his three-decade rule. As part of the agreement, the vice-president for the past 18 years, Abdurabu Mansur Hadi, is running uncontested in an election this week. The World Bank forecast that Sana\'a will be the first capital city to run out of water by 2025. More than half the country\'s population of 23 million is under 20 years old and about 40 per cent of the people live on the equivalent of less than $2 a day, according to the United Nations. 

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today yemen plans to issue islamic bonds Arab Today, arab today yemen plans to issue islamic bonds

 



Arab Today, arab today
Arab Today, arab today Jordan airline suggests flyers 'talk'

GMT 11:59 2017 Friday ,24 March

Jordan airline suggests flyers 'talk'
Arab Today, arab today 5 Crafty Must-Have Limited-Budget Ideas

GMT 17:03 2017 Saturday ,25 March

5 Crafty Must-Have Limited-Budget Ideas
Arab Today, arab today Dozens dead in US-led Syria strikes

GMT 08:35 2017 Thursday ,23 March

Dozens dead in US-led Syria strikes
Arab Today, arab today Former head of Egypt’s syndicate submits appeal

GMT 20:11 2017 Saturday ,25 March

Former head of Egypt’s syndicate submits appeal

GMT 03:20 2017 Saturday ,25 March

Markets hanging on US health care bill fallout

GMT 15:44 2017 Wednesday ,22 March

Bahrain Bourse daily trading report

GMT 13:35 2017 Wednesday ,22 March

Oman shares fall taking cues from regional bourses

GMT 09:35 2017 Wednesday ,22 March

Bahrain Bourse daily performance

GMT 09:33 2017 Wednesday ,22 March

Alba approves US$80M cash dividend at AGM
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Yemen children dream of school

GMT 07:25 2017 Friday ,24 March

Yemen children dream of school
Arab Today, arab today MP submits a petition to dismiss university head

GMT 06:21 2017 Friday ,24 March

MP submits a petition to dismiss university head
Arab Today, arab today Salvage of South Korea's Sewol ferry

GMT 04:51 2017 Friday ,24 March

Salvage of South Korea's Sewol ferry
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Audi RS 5 Coupe acquires new design

GMT 13:22 2017 Thursday ,23 March

Audi RS 5 Coupe acquires new design
Arab Today, arab today Renault Trezor wins design award

GMT 11:56 2017 Tuesday ,21 March

Renault Trezor wins design award
Arab Today, arab today Haifa Wahby bets on her new drama show

GMT 06:04 2017 Thursday ,23 March

Haifa Wahby bets on her new drama show
Arab Today, arab today 2017 already marked

GMT 15:25 2017 Tuesday ,21 March

2017 already marked

GMT 07:03 2017 Wednesday ,22 March

Merna Waleed praises her work with Soad Hosni

GMT 22:00 2017 Thursday ,23 March

Number of unwedded girls amounts to 2.5m

GMT 18:57 2017 Tuesday ,21 March

Accessories designer reveals her new collection

GMT 10:34 2017 Tuesday ,21 March

Mexico threatens to ditch US corn imports

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures

GMT 15:06 2017 Saturday ,25 March

Dialysis Supplies Dwindle for Syrians

GMT 07:36 2017 Wednesday ,22 March

US, Britain ban laptops on flights

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday