Central Bank Governor: Next Phase Will Witness Significant Growth in Trade Between Yemen and Egypt

Civil Aviation and Met. Authority Confirms that Prior Flight Permission Necessary to Inter Yemen Airspace

The General Authority of Civil Aviation confirms the need to obtain prior authorization to enter Yemen's airspace The Civil Aviation and Met. Authority, in the temporary capital Aden, confirmed that airlines, international organizations and operators must obtain a prior flight permission from the Authority to enter the airspace of the Republic of Yemen, as it is the official civil aviation authority of the country.

U.S. Extends Work Permits for Temporary Protected Status Holders

The U.S. administration has extended work permits for hundreds of thousands of migrants from Haiti and six other countries who are protected under the Temporary Protected Status (TPS) program, just hours before the permits were due to expire.

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.

France Advance to World Cup Quarterfinals, Set Up Morocco Clash

France secured a place in the quarterfinals of the 2026 FIFA World Cup after edging Paraguay 1-0 in their Round of 16 encounter.

Last Update: ، 2026/07/19 Time 05:54:11
Latest News:

Yemen Condemns Repeated Iranian Attacks on Kuwait, Bahrain, Jordan

President al-Alimi, UN Envoy Discuss Efforts to Revive Yemen Peace Process

President al-Alimi: State Will Not Allow Flights Outside State Authority, Houthis Must Accept Humanitarian ..

Masam Destroys 4,573 Explosive Remnants of War in Abyan

UN Envoy Welcomes Jordanian Initiative to Resume Amman-Sana'a Flights

Central Bank Governor: Next Phase Will Witness Significant Growth in Trade Between Yemen and Egypt

[28/06/2026 07:09]

CAIRO – SABA
Governor of the Central Bank of Yemen Ahmed Ghaleb stated that “the coming phase will witness notable growth in trade and investment activity between Yemen and Egypt, amid technological developments in the global banking sector.”

Speaking at the opening of the Yemeni-Egyptian Banking Cooperation Forum, held in the Egyptian capital Cairo on Sunday with the participation of the Yemeni Banks Association and the Federation of Egyptian Banks, Ghaleb noted that many Yemeni capitals have become major names in Egypt’s investment sector, which will contribute to increasing the volume of trade exchange between the two brotherly countries.

The Governor of the Central Bank of Yemen stressed the importance of holding the forum amid the economic and financial challenges facing the region, highlighting the need to unify visions, ideas, and solutions between Yemen and Egypt.

He added that the meeting would open new horizons for cooperation, exchange of expertise, and support for members of the Yemeni community in Egypt.

For his part, Governor of the Central Bank of Egypt Hassan Abdullah welcomed the anticipated partnerships between banking institutions in both countries, as well as efforts to develop financial governance, digital transformation, and cybersecurity in a manner that contributes to achieving financial stability.

He affirmed the readiness of the Central Bank of Egypt and Egyptian commercial banks to provide training services for Yemeni banking professionals, enhance their expertise through accumulated experience, and establish continuous cooperation between the banking institute and relevant authorities in Yemen, particularly as the institute provides numerous banking certifications across various fields.

The forum discussed, through three consecutive sessions, several topics including compliance, risk management, combating money laundering, facilitating financial transfers, serving the Yemeni community in the Arab Republic of Egypt, and economic and trade relations between the two countries.