Middle East Economic Survey
Qatari-Yemeni Islamic Bank To Be Launched
A group of Qatari and Yemeni investors on 4 November submitted a request to establish an Islamic bank in Sana, according to Central Bank of Yemen (CBY) Governor Ahmad al-Samawi. The request is being studied by CBYs monitoring department. The $100mn joint venture complies with CBYs recent decision that newly-operating banks have a minimum start-up capital of $30mn. There are 15...