President al-Alimi meets with Arab Ambassadors to Russia
His Excellency President Dr. Rashad al-Alimi, Chairman of the Presidential Leadership Council (PLC), met today, Thursday, in Moscow with the Ambassadors and members of the Arab diplomatic corps accredited to the Russian Federation.
Spanish Foreign Minister says situation in Gaza ‘deeply inhumane’
Spain’s foreign minister has strongly condemned Israel’s ramped-up attacks in Gaza over the weekend, calling them “absolutely unacceptable.”
IsDB sings financing agreements worth over$1 billion
The Islamic Development Bank (IsDB) Group, signed several financing agreements with some member countries for a total value exceeding one billion dollars.
Napoli Wins Serie A Title for Fourth Time
Napoli won the Serie A title for the fourth time in its history, after defeating Cagliari 2-0 in the 38th and final round of the competition.
User Name: Password:
Gulf-Yemenieconomic summit needed for Yemen, says bin-Daghr
[02/10/2018 06:03]
RIYADH-SABA
In a Cabinet meeting on Tuesday over the drastic depreciation of the national currency against foreign currencies, Prime Minister Ahmed bin-Daghr said Yemen needs an economic summit with the Arabian Gulf countriesto look into Yemen's situation.

In September 2014 Yemen saw a coup by the Houthi militia that evolved in 2015 to a war that has since plunged the country in an unprecedented humanitarian and economic crises including the devaluation of the Yemeni Riyal from a pre-war exchange rate of nearly YR 214 to the present YR 800versus one US dollar.

"Yemen needs a Yemeni-Gulf economic conference at a summit-levelto look into its situation," said bin-Daghr, adding, "We cannot win the battle againstHouthis and their Iranian allies in wretched conditions the Yemeni people suffer."

Bin-Daghr called on the brotherly Kingdom of Saudi Arabia to streamline the use of their granted deposit for Yemen's central bank and Yemeni companies and traders who want hard currency to import commodities to their country.

He praised Saudi Arabia for granting Yemen an oil products grant and most recently a USD 200 million deposit to Yemen's central bank to shore up the Riyal, saying the deposit will put an end to this appalling devaluation of the Riyal.

He also called for neutralizing the country's resources of oil, gas and taxes.

He also said:"I call on the Houthi rebels to cede to the government (at least) the financial authority and therefore deal responsibly with the Central Bank in Aden. In return, we are ready to bear the full responsibility in managing the economic, financial and fiscal policy and bear any consequences for that before our people and the international community."

Bin-Daghr pointed to the fact that the root cause of this economic deterioration and continuous depreciation of the Riyal is the Houthimilitia's sabotage of Yemen's historical transformationby mounting the 2014 military coup and triggering the ongoing conflict in 2015.


President al-Alimi meets with Arab Ambassadors to Russia
Vice Foreign Minister receives copy of credentials of the Somali Ambassador
Leadership Council Chairman Warns of Iranian Expansion at Institute of Oriental Studies
Chairman of Leadership Council Honors Russian Scholar with Medal of Merit
Ambassador Fakirah Meets with Jordanian Official to Discuss Bilateral Relations
Presidential Council Chairman Holds Bilateral Talks with Russian President Vladimir Putin
President al-Alimi lays a wreath at the grave of the unknown Russian soldier
President al-Alimi Meets with the Chairman of the Russian State Duma
Presidential Leadership Council Chairman Arrives in Moscow for High-Level Talks
Yemeni Interior Minister Highlights Significance of National Unity

About Saba News Agency | Usage Agreement | Contact Us