Financial and Banking News


USSR Provides $408mn to South Yemen

Under the terms of two agreements concluded recently the Soviet Union has agreed to provide 348mn roubles ($407.7mn) worth of technical assistance and material for development projects in South Yemen. These include the expansion of the Hiswah thermo-electric power station, oil exploration at Shabwa, the expansion of commercial docks at Aden port, the modernization of the Mukallah fish canning plant and assistance to...