Armies of Liberation

Jane Novak's blog about Yemen

Yemenis protest for return of assets stolen by deposed dictator, Yemenia factsheet

Filed under: Transportation, Yemen — by Jane Novak at 6:36 pm on Saturday, September 29, 2012

Returning hundreds of millions or maybe 32 billion the Saleh family looted would help the Yemeni govt face the dire poverty of its citizens and would take an important weapon out of Saleh’s hands. However, the Obama administration steadfastly opposed such a move, and the protesters demands, for well over a year.

The US demanded Saleh be absolved of his war crimes in a major break with international law, and he can keep the all fruits of decades of gross corruption. For example, the chairman of Yemenia was Saleh’s son-in-law. Yemenia’s fact sheet shows 60 million spent in renovations since 2000, including 20 million for an upgraded maintenance facility. The fleet is comprised of six functioning aircraft with 12 more inoperable. Several planes are on order but their status is unclear. Update: Transportation Minister pledges to recover stolen funds, assets/

Sun Herald: SANAA, YEMEN — Thousands of protesters marched in the Yemeni capital on Friday, demanding the return of millions of dollars that were allegedly stolen by the country’s former authoritarian ruler, Ali Abdullah Saleh.

The protests in Sanaa come a week after several nations backing Yemen’s political transition pushed for sanctions against Saleh’s loyalists for undermining the country’s shift to democracy after a year of turmoil and bloodshed. The non-military sanctions could include freezing financial assets or travel bans.

Saleh had reportedly accumulated significant wealth during nearly 30 years in power in Yemen, which is the poorest country in the Middle East. He stepped down earlier this year after a popular uprising forced him into relinquishing power in return for immunity from prosecution. Abed Rabbo Mansour Hadi was elected president in February to replace Saleh. (Read on …)

DP World sells off Yemen contract

Filed under: Aden, Ports, Transportation, Yemen, govt budget — by Jane Novak at 7:52 am on Sunday, September 23, 2012

NYR | DP World sold Thursday its 50 percent stakes at the Port of Aden just four years after taking over operational responsibility.

The Dubai-based terminal operator has received around $27 million for its share in the Aden Container Terminal (ACT) from its joint venture partner Yemen Gulf of Aden Ports Corporation, according to the JOC. (Read on …)

Dubai Ports Int’l threatens lawsuit after corrupt contract terminated

Filed under: Aden, Ports, Transportation, govt budget — by Jane Novak at 12:27 pm on Thursday, September 6, 2012

Not to mention the grievances of the workers at Port Aden, the mismanagement of Aden port by DPI is thought to be a deliberate corporate strategy, because Aden is the direct competition to Jebel Ali Port in Dubai, also managed by DPI. Kuwait actually had a better bid and many including myself warned against awarding the contract to DPI in 2005.

Yemen Times: : ADEN, Sept. 5 — An official source at the Ministry of Transportation said the Dubai Ports International Company (DPIC) is planning to file a lawsuit against the Yemeni government because of the termination of their contract last month. The source said Yemen’s government could compensate the company an estimated $30 million if DPIC wins.

The source said the company’s evidence and claims are unsubstantiated, considering the company did not keep pledges with regard to operating Aden Port, in addition to its neglect toward the port. The company was not alert to heed Yemeni government cautions, the source said, adding that Aden’s port used to receive 160,000 ships annually under DPIC’s operation of the port; however, the port received 800,000 ships in 2007, prior to the start of the government’s contract with DPIC.

The source said the termination came after a team from the Ministry of Transportation travelled to Dubai in August to inform the company about upcoming procedures, but they didn’t respond. So, the agreement was terminated.

Abdullah Al-Khawlani, director of the Arab and International Economic Department, said in an interview with Al-Thawra newspaper that Yemen should avoid getting involved in international trials with DPIC because trials usually take a long time. He said the cost of the trial could cause more losses than gains for Yemen.

Al-Khawlani said Yemen has to solve the problem amicably, particularly because it could cause a political crisis with the United Arab Emirates, the support of which Yemen needs.

Al-Khawlani said DPIC’s argument could be stronger if they used the pretext of a lack of stability because of the political turmoil in Yemen at the time when they started to work in Aden.

He said DPIC has professional lawyers in maritime disputes, while Yemen doesn’t, giving the company an advantage should the issue require court involvement.

Me, 2005:

Selling the Port: In a stunningly blatant act of economic malfeasance, the Yemeni government recently entered into a 30 year contract for the port of Aden with its largest competitor, Dubai Ports International (DPI). World Bank documents state that Dubai is in direct competition for container transshipment business with Aden. The port of Aden is located along international shipping routes, giving it a strong advantage over ports in Dubai which are 1600 miles away.

The majority owners of DPI also are the managers of the Jabal Ali free zone in Dubai. DPI will pay 83.5 million US dollars as a rent over 30 years for the Aden free zone, an area of 32 million square meters, effectively paying less than one penny per square meter in monthly rent. A Kuwaiti firm’s substantially higher tender was rejected in favor of DPI. (Read on …)

Next Page »
Tourisme Dentaire Dental TourismTourisme DentaireProthese dentaireClinique dentaireFacette dentairesTourisme DentaireVoyage DentaireTourisme DentaireEscort BayanEscortTourisme DentaireTourisme DentaireTourisme DentaireTourisme DentaireDental TourismTourisme DentaireDental TourismMedical Tourism Tourisme DentaireTourisme DentaireAntalya Web Tasarim
 

Bad Behavior has blocked 9448 access attempts in the last 7 days.