Zemam, Hudramout businessmen discuss mechanism of open letters of credits for importing food stuffs

Eryani discusses with AEI officials Yemen situation and challenges posed by Houthi terror militia

Minister of Information, Culture and Tourism Muammar al-Eryani has met with officials from the American Enterprise Institute to discuss the situation in Yemen and the challenges posed by the terrorist Houthi militia.

Saudi and Turkish foreign ministers discuss promoting bilateral relations between the two countries

Saudi Foreign Minister Prince Faisal bin Farhan discussed with the Turkish Foreign Minister Hakan Fidan the bilateral relations between the two countries and ways to promote them.

Germany, Canada reiterate opposition to US tariffs.

Germany and Canada renewed today, Tuesday, their opposition to the tariffs that the new US administration began imposing on imports from abroad.

Saudi Al-Nasr beats UAE's Al-Wasl 4-0 in AFC Champions League Elite

Saudi Al-Nasr beat its guest, UAE's Al-Wasl, 4-0 in the match that brought them together at Al-Awal Park Stadium in Riyadh, as part of the seventh round of the AFC Champions League Elite 2024-2025.

Last Update: ، 2025/02/05 Time 09:43:52
Latest News:

Badhib: GDP declines 50 percent, inflation rises 200 percent due to Houthis' attacks on oil exports docks

Taiz Governor discusses preparations for 2025 fiscal year budget

Mahra Senior officials seek greater intervention by UNDP in fishery

Interior Minister Lauds Security Services' Efforts in Hadhramaut Valley

SPDRY participates in the 22nd meeting of Joint Technical Committee to identify Yemen's development needs ..

Zemam, Hudramout businessmen discuss mechanism of open letters of credits for importing food stuffs

[08/11/2018 07:03]

ADEN-SABA
Governor of Central Bank of Yemen (CBY) Dr Mohammed Zemam held meeting Thursday with a group of businessmen and investors of Hudramout province.

The session intended to discuss the new mechanism the CBY has opted to ease and facilitate procedures to open letters of credits to import basic food stuffs which are being subsidized through the $2billion Saudi deposit.

The needed amounts of foreign currency to cover imports of basic stuffs which total costs less than $200 thousands were also addressed.

The businessmen cited obstacles they have faced as they submitted their applications for first and second payments the CBY offered.

Zemam stated that former troubles have been overcome and new easy mechanism has been adopted, can be accomplished within less than three days by the bank's staff.