PM orders well preparations for International Conference on Food Security in Yemen
The Prime Minister Salem bin Braik chaired a preparatory meeting today, Thursday, in the temporary capital Aden, aimed to get the underway preparations for the International Conference on the Food Security in Yemen finished.
International Conference on Cultural Heritage in Digital Era in Bulgaria
An international scientific conference on "Cultural Heritage in the Digital Age" was unveiled at the Bulgarian Academy of Sciences here today, Wednesday.
GDP grows 0.1 percent in Eurozone
The Gross Domestic Product (GDP) in the Eurozone recorded a growth rate of 0.1 percent during the second quarter of the current year 2025, while it increased by 0.2 percent in the European Union compared to the previous quarter.
Saudi Al-Hilal FC Eliminated from FIFA Club World Cup After 2-1 Defeat to Fluminense
Saudi Al-Hilal FC has been eliminated from the 2025 FIFA Club World Cup after suffering a 2-1 defeat to Fluminense FC from Brazil in the quarterfinals. The match was held at the Camping World Stadium in Orlando, Florida.
User Name: Password:
Cabinet sets forth measures to stop Riyal depreciation
[05/09/2018 10:47]

RIYADH-SABA
The Cabinet has set forth a set of measures to stop the depreciation of the national currency, days after the Riyal made a new plummet to 600 versus the US dollar down from 550 a month ago.

In a meeting with the country's Economic Committee in Aden on Tuesday, the Cabinet decided to rehabilitate and reinforce the fleet of the national airline, Yemenia, to facilitate the return of Yemeni businessmen back to the country, vitalize the revenue-generating institutions and projects including the oil and gas exportation projects, revitalize the work of the national committee for clampdown on money laundering, cut spending on Yemen's diplomatic missions, end speculation with local currency, use the World Bank facilities for covering the finance of some imports, and use all political and military means to force the Houthi militia to transfer the revenues under their control to the country's central bank.

The Cabinet noted the Houthi militia has imposed a de facto governance in some parts of Yemen, without paying the salaries of civil servicemen in those areas.

The Chairman of the Economic Committee Hafedh Miayad affirmed that the tackling measures will only be effective by coordination between the government and the Saudi-led Arab Coalition to subject all the country's imports to the financial and banking regulations that will soon be approved.

He said that his committee will work toward limiting speculation with the local currency and restoring the markets sense of assurance lost due to the dramatic devaluation of the Riyal.

The Cabinet also discussed the preparations for peace talks between the government and the rebels in Geneva expected to start in September 6.




PM orders well preparations for International Conference on Food Security in Yemen
Yemeni Minister Discusses Water and Environment Projects with UNDP
Deputy Planning Minister Discusses Development Support with UN Advisor
Maj. General al-Zubaidi underlines Yemen's need for Chinese assistance to develop electricity services
Parliament Speaker participates in conference for parliamentary leaders
Cabinet Reviews Current Developments, Service Conditions, and Central Bank Report
Shabwa receives Emirati support of approximately $10 million for road sector
Agriculture Minister Discusses Livestock Project with UNIDO
MAj. General al-Zubaidi convenes a meeting of General Staff, several departments of Ministry of Defense
Taiz Governor discusses Emergency Committee's report to Ssolve water crisis

About Saba News Agency | Usage Agreement | Contact Us