http://www.english.hadhramaut.info CBK to invest $30 million in Yemen [The Source: www.sabanews.net - 1/11/2008] The Commercial Bank of Kuwait (CBK) has announced it will invest a capital of $30 million in Yemen in partnership with the Yemen-Gulf Bank and the International Finance Corporation. The announcement was made at the meeting that gathered head of the General Authority for Investment Salah al-Attar and chairman of the board of directors of the bank Abdul Majeed al-Shati. The meeting discussed opportunities and merits of banking investment in Yemen and raised issues related to cooperation between the CBK and the Yemen-Gulf Bank. Al-Attar also met with director of the following-up unit at the Kuwait Investment Authority Mutlaq al-Sana'a and Waleed al-Rowdhan from the Kuwaiti Investment Authority and discussed with them aspects of cooperation between the two countries authorities of investment. He also met with executive director of the Kuwait Finance House (KFH) Muhammad Al-Omar. The two discussed the possibility of supporting private sector projects through ensuring necessary transfers to establish strategic projects in Yemen. Al-Attar submitted to al-Omer two private sector projects to study the possibility of providing funds for their establishment. Al-Attar also met with chairman of the board of directors of the Arab Social and Economic Development Fund Abdul Latif al-Hamad and discussed ways to boost cooperation between the fund and General Authority for Investment. Al-Attar, furthermore, held talks with Kuwaiti company owners and investors topped by the the M.A Kharafi Group of Kuwait Nasser Abdul Muhsen al-Kharafi who said his company plans to establish investment projects in Yemen in various promising investment sectors. Al-Attar introduced them to investment opportunities and facilitations the Yemeni investment laws provide for foreign investors.