Yemen and China signed a protocol on inspection and health requirements for Yemeni seafood exports to China, strengthening economic cooperation between the two nations.
The People's Bank of China announced last Tuesday that it would conduct a direct reverse repurchase operation worth 600 billion yuan (approximately 84.48 billion US dollars) today, Wednesday, in order to maintain ample liquidity in the banking system.
CACK Bank discusses activating cooperation with French banks
[13/12/2023 01:54]
ADEN-SABA
Acting Chairman of the Board of CAC Bank Hashed al-Hamadani discussed Wednesday here with French Ambassador to Yemen Katherine Comoine and the Political and Economic Attache in the Embassy Hussein Rashed activating economic cooperation with French banks.
Al-Hamadani confirmed importance of enhancing mutual relations between the bank and the embassy in supporting economic development and enhancing the national role of the bank in providing banking services and contribution in keeping prices of coin stable under the sponsorship of the Central Bank of Yemen.
He pointed out to aspirations of the bank for working with French development agencies and activating cooperation in implementing developmental projects and absorbing different funding provided to Yemen to create income-projects inside the country, especially in field of agriculture, fishing and developing small projects.
For her part, the French ambassador confirmed keenness on improving direct relations between CAC Bank and French banks.