Yemen chairs 31st meeting of Arab Committee on Payment and Settlement Systems

President al-Alimi: Dealing with Houthis as Authority of Fait Accompli Means Legitimizing Divine Right, Racism, Weapons Outside State

His Excellency President Dr. Rashad al-Alimi, Chairman of the Presidential Leadership Council (PLC) stated that any approach to put an end of the war in Yemen will never be successful, unless it deals with the Houthi militias as part of an Iranian cross-border scheme, and not as a local political party, warning that reducing any crisis of this kind to truces and arrangements for a ceasefire will lead to temporary risk management rather than building sustainable peace.

Arab League Calls for Confronting Rising Anti-Muslim Hate

The Arab League on Sunday called for intensified international efforts to confront the growing phenomenon of hate speech and discrimination against Muslims in order to prevent deeper divisions among religions and cultures.

Oil price tops $100 a barrel

Oil prices jumped above $100 per barrel today, Monday, as the U.S. Navy prepares to take control of ship movements in the Strait of Hormuz.

Inter Milan a win away from Serie A title

Inter Milan continued its successful march to reclaim the Italian football league title, despite drawing with its host Torino (2-2), in the conclusion of the 34th round of the competition.

Last Update: ، 2026/05/16 Time 11:01:29
Latest News:

Yemen’s Higher Education Minister Explores Academic Ties with Somalia, Libya

Economic Council Addresses Yemen’s Financial Crisis and Service Shortfalls

Breakthrough Deal Reached to Free 1,750 Detainees in Yemen

Yemeni Ambassador Meets Moroccan Parliament Deputy Speaker to Boost Legislative Ties

Meeting Discusses Country Program Document for UNDP for 2027-2029

Yemen chairs 31st meeting of Arab Committee on Payment and Settlement Systems

[29/09/2025 05:29]

ABU DHABI-SABA
The Republic of Yemen, represented by the Central Bank of Yemen (CBY) chaired the thirty-first meeting of the Arab Committee on Payment and Settlement Systems, organized by the Arab Monetary Fund (AMF) today, Monday, in Abu Dhabi, the United Arab Emirates (UAE).

The meeting brought together directors of payment systems in Arab central banks.

Yemen's chairing of this meeting comes within the framework of enhancing the role of the CBY in regional financial forums and as a confirmation of efforts exerted in developing payment systems and promoting Arab financial integration.

The discussions focused on a number of technical topics related to the development of regional payment systems, namely the progress made in operating the 'Buna' platform for Arab payments, expanding the use of Arab currencies in settlement operations and improving joint efforts in cybersecurity, modern financial technologies (Fintech) and digital transformation.

The Chairman of the Council, representing the CBY, Director of the Payments Department at the bank, Kamal al-Subaihi, highlighted the importance of strengthening Arab cooperation in the payment sector, praising the role of the AMF in supporting the development of financial infrastructure at the regional level.