Banaja: CBY grants 6 licenses to microfinance banks

Houthi Terrorist Militias landmines kill 1104, injuring 1429 civilians in 9 years—Report

The Yemeni Network for Rights and Freedoms reported that the Iranian-backed Houthi Terrorist Militias-laid landmines killed 1104 and injured 1429 civilians during the time from January 2017 to March 2026. For material damages, 2414 incidents were reported due to the anti-personnel and anti-armor landmines planted randomly by the militiamen.

Arab League Calls for Confronting Rising Anti-Muslim Hate

The Arab League on Sunday called for intensified international efforts to confront the growing phenomenon of hate speech and discrimination against Muslims in order to prevent deeper divisions among religions and cultures.

Italy budget deficit at 3 percent

Italy recorded a deficit in its general budget of 3.1 percent of GDP in 2025, thus exceeding the ceiling set by the European Union at 3 percent.

Saudi League: Al-Nassr, Al-Ettifaq and Neom Secure Victories Over Al-Ittihad, Damac and Al-Riyadh

Al-Nassr defeated its guest Al-Ittihad 2–0 in the match that brought them together at Al-Awwal Park Stadium in Riyadh, as part of the 21st round of the Saudi Professional League.

Last Update: ، 2026/04/04 Time 04:50:38
Latest News:

Yemen’s Ambassador to US takes oath before President al-Alimi

President al-Alimi congratulates on Senegal’s National Day

CBY Governor: IMF Statement reflects renewed institutional engagement with the international community

IMF Executive Board approves results of Article IV consultations with Yemen

KSrelief distributes tents, shelters for rain-impacted families in Marib

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.