President al-Alimi: Dealing with Houthis as Authority of Fait Accompli Means Legitimizing Divine Right, Racism, Weapons Outside State
His Excellency President Dr. Rashad al-Alimi, Chairman of the Presidential Leadership Council (PLC) stated that any approach to put an end of the war in Yemen will never be successful, unless it deals with the Houthi militias as part of an Iranian cross-border scheme, and not as a local political party, warning that reducing any crisis of this kind to truces and arrangements for a ceasefire will lead to temporary risk management rather than building sustainable peace.
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.
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: ،
2026/05/15
Time
11:55:44
Latest News:
Yemen’s Higher Education Minister Explores Academic Ties with Somalia, Libya
Economic Council Addresses Yemen’s Financial Crisis and Service Shortfalls
Breakthrough Deal Reached to Free 1,750 Detainees in Yemen
Yemeni Ambassador Meets Moroccan Parliament Deputy Speaker to Boost Legislative Ties
Meeting Discusses Country Program Document for UNDP for 2027-2029
Latest News:
Yemen’s Higher Education Minister Explores Academic Ties with Somalia, Libya
Economic Council Addresses Yemen’s Financial Crisis and Service Shortfalls
Breakthrough Deal Reached to Free 1,750 Detainees in Yemen
Yemeni Ambassador Meets Moroccan Parliament Deputy Speaker to Boost Legislative Ties
Meeting Discusses Country Program Document for UNDP for 2027-2029
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.
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.
Key words:
establishment - participation - establishing - Microfinance - inauguration - unemployment - microfinance - development - Governorate - employment -
President al-Alimi: Dealing with Houthis as Authority of Fait Accompli Means Legitimizing Divine Right, Racism, Weapons Outside State
Economic Council Addresses Yemen’s Financial Crisis and Service Shortfalls
Yemeni Ambassador Meets Moroccan Parliament Deputy Speaker to Boost Legislative Ties
Presidential Leadership Council Member Chairs Joint Military-Security Meeting and Watches Troop Parade in Seiyun
Yemen’s Local Administration Ministry Holds Talks with EU Mission on Strengthening Local Governance
Prime Minister Receives Copy of Credentials of Kuwait’s Ambassador to Yemen
President al-Alimi: The State Committed to Providing Protection, Assistance for Humanitarian Work Community
Human Rights Minister, EU Delegation Discuss Cooperation on Rights and Institutional Reform
Yemen, China Sign Development Cooperation Agreement Worth 50 Million Yuan
Central Bank of Yemen Denies Archive Fire Rumors, Confirms Minor Electrical Fault Contained in Aden
