Central Bank Governor meets IFC Representative

Minister of State Discusses Aden's Development, Service Needs with UNOPS

Minister of State, the Governor of Aden Abdulrahman Sheikh discussed on Thursday with Khaldoun Salem, the Advisor to the United Nations Office for Project Services (UNOPS) the progress of ongoing projects and explore opportunities to strengthen cooperation in the development and public service sectors.

Bahrain Says Air Defenses Intercepted and Destroyed Several “Treacherous” Iranian Air Attacks

The General Command of the Bahrain Defence Force announced on Thursday that Iran continues what it described as a systematic hostile approach through missile and drone attacks targeting civilians in the Kingdom of Bahrain.

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: ، 2026/07/09 Time 07:09:23
Latest News:

Al-Sharjabi Discusses Water and Sanitation Resilience Project in Taiz with Solidarités International

Prime Minister Receives Director of International Child Care Organization

Yemen Condemns Repeated Iranian Attacks on Kuwait, Bahrain, Jordan

President al-Alimi Urges Political Parties To Take Lead In Cementing National Unity, Backing State Proposal ..

Prime Minister Convenes Meeting of Social Development Fund

Central Bank Governor meets IFC Representative

[13/03/2018 02:57]

AMMAN-SABA
The Governor of the Central Bank of Yemen, Dr. Mohammad Mansour Zamam, met today with the representative of the International Finance Corporation (IFC)Saad Sabra.

The meeting discussed the mechanisms of the external trade guarantee and finance fund allocated to facilitate, for Yemen, the opening of letters of credits with commercial banks for importing basic commodities for all Yemeni regions. The basic commodities include wheat, rice, sugar and medicines.

Zammam pointed out that the Saudi Arabia is the only country so far to have given preliminary approval to fund the project with $ 100 million apart from its $2 billion bailout deposited in Yemen's Central Bank to shore up the Yemeni currency, Riyal.

Zammamsaid that there was a delay in the implementation of the project and efforts are now being made by the Central Bank and the IFC to complete the signatures ofthe project documents, including the initial finance agreement of 100 million dollars out of the required USD 500 million.