Bloomberg News

Yemen’s Tax Revenue Increases 25% in First Half, SABA Reports

August 11, 2012

Yemen’s tax revenue increased by 25 percent to 233 billion rials ($1 billion) in the first six months of the year compared with the same period in 2011, the state-run SABA news agency reported, citing Ahmed Ghalib, head of the tax authority.

Revenue declined last year as political unrest led to power outages and fuel shortages, cutting factory output, SABA said.

To contact the reporter on this story: Mohammed Hatem in Dubai at mhatem1@bloomberg.net

To contact the editor responsible for this story: Andrew J. Barden at barden@bloomberg.net


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