Minister of Water signs agreement to rehabilitate water sources in Abyan
The Minister of Water and Environment Eng. Tawfeeq al-Sharjabi signed Sunday here a cooperation agreement with the international organization "Muslim Hands" to implement a project to rehabilitate water sources in the Juhain and al-Jaadi areas in Louder District, Abyan Governorate.
Israeli aggression on Gaza leaves 51,157 people martyred, and 116,724 others Injured
The ongoing aggression by Israeli occupation forces on Gaza has resulted in a death toll of 51,157 and 116,724 injuries since October 7, 2023.
GDP grows 0.3 percent in Eurozone, EU in 1Q
The gross domestic product (GDP) in the Eurozone and the European Union (EU) registered a growth of 0.3 percent during the first quarter of the current year compared to the previous quarter.
Bologna Wins Italian Cup Title for Third Time in History
Bologna FC has been crowned the champion of the Italian Cup for the third time in its history, after defeating AC Milan 1-0 in the final match.
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.




Minister of Water signs agreement to rehabilitate water sources in Abyan
President al-Alimi leaves Baghdad after contributing to Arab Summit Discussions
President al-Alimi calls for establishing Arab Fund to contribute to rebuild Yemen
Taiz Governor Meets with UN Resident Coordinator to Discuss Water Project
Leadership Council Chairman: Yemen will remain a genuine depth and a loyal support for the issues of the nation
Planning Minister discusses joint cooperation with UAE Ambassador
Leadership Council Chairman Arrives in Baghdad for Arab Summit
Yemenia to Welcome New Aircraft to Fleet This Month
FM meets with Russian President's special envoy for Middle East, Africa
President al-Alimi lauds Russian supportive stance in support of Yemeni people

About Saba News Agency | Usage Agreement | Contact Us