EU: Two million beneficiaries from Resilience Enhancement Program in eight governorates
The European Union mission in Yemen announced the conclusion of the final phase of the joint program to enhance resilience in rural areas of Yemen, which has benefited more than 2.3 million people in eight governorates.
Gaza Death Toll Rises to 55,297 Amid Ongoing Israeli Aggression
The death toll from the Israeli genocidal war on the Gaza Strip since October 7, 2023, has risen to 55,297, with 128,426 injured, the Ministry of Health in afflicted Palestinian enclave said. The majority of the victims are women and children.
U.S. President plans to increase tariffs on steel, aluminum imports
U.S. President Donald Trump confirmed his intention to increase tariffs on foreign imports of steel and aluminum from 25% to 50%, which will increase pressure on steel producers worldwide and threaten to escalate his trade war.
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:
CBY warns banks against failing to submit financials or move to Aden
[05/08/2021 03:21]

ADEN-SABA
The Central Bank of Yemen has warned commercial and Islamic banks of failing to submit their financial statements or move headquarters from Houthi militants-controlled Sana'a to the interim capital Aden.

The warning came in a meeting chaired by the CBY's deputy governor Shakib Alhobeishi in the temporary capital Aden on Thursday.

The CBY warned the said banks they would bear consequences for putting them on the non-compliant banks list that will be circulated to all local and international financial institutions and organizations of concern.

The CBY demanded the banks to submit their financial statements within 15 days.

It ordered all commercial and Islamic banks to promptly move head offices to Aden where the CBY operates to allow for an easy verification and auditing of their dealings.

The CBY called on all commercial companies and vendors to carry out no financial or banking transactions including opening letters of credit or money transfers with the banks prone to be listed as non-compliant. The CBY said it won't bear any responsibilities for any damages resulting from dealing with non-compliant banks.

It affirmed that it would cash the foreign bank accounts of only the compliant banks to cover their letters of credits and import finance remittances.


Foreign Minister Meets with Outgoing Mexican Ambassador
Ministry of Agriculture Signs MoU with Q Sun Foundation to Enhance Media Capacity
Yemen and South Korea Strengthen Bilateral Relations
Hadhramout Governorate and UNOPS Discuss Vital Sector Interventions
President al-Alimi meets with Mahra local authority leadership
FM Receives Copy of Georgian Ambassador's Credentials
FM Meets WFP Official to Discuss Humanitarian Efforts
Yemenia Airways Opens Doha Office in Preparation for Resuming Flights
Japan Provides $2 Million in Food Assistance to Yemen
US Denounces Houthi Terror Attack in the Red Sea

About Saba News Agency | Usage Agreement | Contact Us