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Palestinian Presidency warns of the danger of Israeli escalation in Al-Aqsa Mosque
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IMF approves a $15.6 billion loan program for Ukraine
The International Monetary Fund said its executive board approved a $15.6 billion four-year loan program for Ukraine as part of a $115 billion global package to support the country's economy, which is facing a 13-month-old war with Russia.
Argentina wins the 2022 World Cup after defeating France
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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.


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World Bank offers Yemen $ 207 million in aids

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