Middle East Economic Survey

VOL. XLVII

No 23

07-June-2004

YEMEN

Yemens Parliament Sets Deadline For Government To Scrap Block 53 Sale

Yemens parliament on 17 May voted unanimously to set a two-week deadline for the government to call off its plans to sell 60% of the state companys share in the assets of Block 53 (East Sarr) in Hadhramut province to private investors from the Gulf states. Last month, MPs threatened to withdraw confidence in the government unless the proposed sale was dropped (MEES,...