NEW GOLDEN ERA BECKONS FOR YEMEN

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NEW GOLDEN ERA BECKONS FOR YEMEN

The National – Tamsin Carlisle,
October 29th, 2010

Yemen
, the poorest Arab nation, is in line to receive a golden parachute for its economy. The country could receive its boost thanks to the soaring price of gold and prospectors’ increasing tolerance for risk.

Thani Dubai Mining, the UAE company that has found a gold deposit in Yemen worth about US$3 billion (Dh11.01bn), is not alone in its search for riches in lands that once included the fabulously rich kingdom of Saba, or Sheba.

The Romans called the land “Arabia Felix” for its abundance of grain, fruit, incense and mineral wealth. Sabaean temples were lined with gold. The Queen of Sheba’s gifts to King Solomon are said to have included more than 4 tonnes of gold, precious stones and spices.

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