Banaja: CBY grants 6 licenses to microfinance banks

Yemen, Arab and Muslim Nations Reject Somaliland Move to Establish Mission in Occupied Jerusalem

Yemen and several Arab and Muslim countries have denounced the announcement by the self-declared Somaliland region regarding the opening of what was described as a diplomatic mission in occupied Jerusalem, calling the move unlawful and a clear breach of international law and relevant UN resolutions governing the status of the city.

Death Toll from Israeli Offensive in Gaza Rises to 72,757, with 172,645 Injured

Medical sources in Gaza Strip said the death toll from the Israeli military offensive on the territory has risen to 72,757, while the number of wounded has reached 172,645 since the outbreak of the war on October 7, 2023.

Oil price tops $100 a barrel

Oil prices jumped above $100 per barrel today, Monday, as the U.S. Navy prepares to take control of ship movements in the Strait of Hormuz.

Inter Milan a win away from Serie A title

Inter Milan continued its successful march to reclaim the Italian football league title, despite drawing with its host Torino (2-2), in the conclusion of the 34th round of the competition.

Last Update: ، 2026/05/24 Time 05:45:05
Latest News:

Chairman of the Consultation Authority Meets Japanese Ambassador to Yemen

Yemeni, Egyptian Foreign Ministers Lead Ninth Round of Strategic Dialogue in Cairo

Yemen Extends Condolences to China over Shanxi Coal Mine Explosion Victims

Health Minister, Qatari Counterpart Discuss Expanding Bilateral Health Cooperation

Al-Alimi Meets with Several Military Leaders, Stresses Importance of Readiness and Unified Efforts

Banaja: CBY grants 6 licenses to microfinance banks

[06/02/2023 12:25]

Mukalla – Saba
Deputy Governor of the Central Bank, Dr. Muhammad Banajah, stressed the importance of establishing microfinance banks that specialize in financing small projects whose owners are often young people and the most numerous groups of the labor force.

"The Central Bank of Yemen has recently granted licenses to 6 banks, some of which are existing and carrying out their activities, and some that are under opening," Banaja said at the inauguration ceremony of Al-Basiri Microfinance Bank, today, in the city of Mukalla, Hadramout Governorate.

He added, "The granting of licenses to these banks parallel to the establishment of large commercial banks comes to achieve a number of development goals, including raising the participation rate in the national economy for a wide category of the labor force, expanding the ownership base in society, optimal employment of human and material resources, achieving social stability and absorbing part of unemployment among among youth.