Doing Business in Yemen
EENI - Business School.
Subject (Course): International Trade and Business in Yemen. Sana'a. Syllabus:
- Introduction to the Republic of Yemen (the Middle East)
- Case Study: Tawakkol Karman - Nobel Peace Prize
- Yemeni economy
- Yemeni economic sectors:
- Doing Business in Sana'a
- Yemeni International Trade.
- Introduction to Arabic
- Access to the Yemeni market
- Business Plan for Yemen
Objectives of the subject “Doing Business in the Republic of Yemen”:
- To analyse the Yemeni economy and foreign trade
- To evaluate business opportunities in Yemen
- To explore Yemen's trade relations with the student's country
- To know Yemen's Free Trade Agreements (FTAs)
- To develop a business plan for the Yemeni market
Sample of the subject - Doing Business in Yemen
Najib Yahya Abdulalem (EENI Professor
Subject Description (Doing Business in Yemen).
The Republic of Yemen (الجمهورية اليمنية).
- Borders of Yemen: Saudi Arabia and Oman
- Yemeni Capital: Sana'a (صنعاء)
- Seaport: Aden
- The official language: Arabic
- Area: 528,076 square kilometres
- Yemeni population: 25.4 millions of people
- Abolition of slavery in Yemen: 1962
Religion in Yemen.
- The main religion is Sunni Islam
- Fiqh (Islamic Jurisprudence):
- 40% of the population is Shiite.
Yemen belongs to the Arab Economic Area of the Islamic Civilisation.
- The economic policy of the Republic of Yemen is based on market mechanism and economic freedom.
- Yemen ranks within economies that are less growing. However, it is a nation that is full of main economic resources, not been exploited economically, especially in oil and petrol field, fisheries and different mineral resources.
- The General Investment Authority of the Republic of Yemen, being aware of the significance of involvement of the private sector in the development process in Yemen, and the necessity to bring about a greater leap in the investment level of various sectors, in the achievement of diversifying the economy of Yemen, and coordination
with some concerned agencies, prepared many opportunities, which contains Foreign direct investment opportunities in production, agricultural and services sectors recently there are many opportunities available in the Republic of Yemen.
- Which the General Investment Authority aim to promote for them at the local and international levels to be within reach of Yemeni, Arab, and foreign businessperson
investors, domestic, and overseas financing institutions and others concerned agencies to contribute in interpreting these investment concepts and bring them into light.
- The currency of Yemen: Yemeni Rial (YER)
Yemeni Foreign Trade.
- Yemeni exports constitute (33.4%) of the gross domestic production and imports constitute (29.3%) of the gross domestic production. Therefore, the exposure ratio for Yemeni economy reached 63%.
- The main international partners of Yemen are Thailand, China, South
Korea, Singapore, Japan, and Saudi Arabia.
- The largest exports of Yemen, are related to the field of crude products that constitute (94-97%) of gross exports whereas direct consumption products constitute the rate between (1-4%), and the crude goods at imports range between (55-60%) of gross imports that constitute direct consumption goods (15-20%) and the capital goods constitute (20-25%).
- Yemen imports from Arab Countries between (30-40%) of gross imports whereas its exports to Arab Countries range between (5-10%) of gross exports to abroad.
- Asian countries, not Arabian, are considered as the biggest market for Yemeni exports.
Yemen's Institutions and Trade Agreements:
- Indian-Ocean Rim Association (IORA)
- Arab League
- Organisation of Islamic Cooperation (OIC)
- Asia-Middle East Dialogue
- Islamic Development Bank
- Summit of South American-Arab Countries (ASPA)
- Economic and Social Commission for Western Asia (ESCWA)
- EU's Generalised System of Preferences (GSP) - Everything But Arms
- Yemen is a beneficiary of the European Investment Bank
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