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PM, his Moroccan counterpart confer over range of issues
Prime Minister Dr. Ma'een Abdulmalik and his Moroccan counterpart Dr. Sa'd Adin al-Othmani exchanged points of views over several issues and dossiers of common interest, explored prospects for further corporation and coordination between the two countries to serve the mutual interests of the Yemeni and Moroccan peoples.
Secretary-General of the Arab League calls for assisting Yemenis
(Saba)- Secretary-General of the Arab League A hmed Aboul-Gheit on Monday appealed to the international community and humanitarian organizations to immediately provide assistance and relief to Yemenis.
Wall Street Closing
U.S. stocks closed higher Wednesday after the Federal Reserve (Fed) took a less aggressive stance than expected.
Yemen reaches 124th place in FIFA's monthly ranking
The national football team has moved up one place in FIFA's new monthly ranking reaching the 124th as published by the FIFA on Thursday.
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PM, his Moroccan counterpart confer over range of issues
Humanitarian cooperation for relocating displaced people to camps discussed
Yemeni-Pakistani relations discussed
Yemeni-Egyptian cooperation in electricity sector discussed
Meftah puts foundation stone for Kuwaiti-funded residential village for IDPs in Marib
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Zemam: Revenues follow into YCP, Saudi donations will help economic recovery
[11/10/2018 03:36]
ADEN-SABA
Governor of Central Bank of Yemen (CYB) Dr Mohammed Mansour Zemam stated that all state's revenues are being supplied to the HQ of CYB in the temporary capital Aden and procedures have been made to linkage data with Marib.

The government has a plan to resume oil production and export a matter will certainly help boosting the state's returns and contribute toward economic and currency recovery.

Speaking at press conference held in Aden Thursday in the CYB's HQ in Aden Zemam said communications started with the CYB's branch in Marib with the aim of know-how to supply the deposits into the CYB in Aden.

He stated that total amount of Al-Massila's crude oil exports is $150 million per two months. This amount is distributed as follow: $30 million operation budget for Al-Massiala Company. More than $20 million is the portion of Hudramout province. $50 million the cost of electricity fuels in Aden and surrounding areas.

Zemam added saying: No donations provided by any country to the CYB except for the grants offered by Kingdom of Saudi Arabia: $2 billion provided as deposit in the CYB, $200 million and $60 million donation for electricity fuels.

He explained that the government earlier used to buy electricity fuels with total cost $25 million, while now it has to purchase the same quantity at $50 million due to rise in fuels prices globally.

Concerning to the Saudi $2 billion deposit Zemam stated that it is jointly administered by Yemeni and Saudi sides. Requests by key traders for importing basic subsidized commodities are received and submitted in forms of payments to Saudi side to be approved, then procedures go normally. Requests for four payments were submitted so for, three payments were already approved, the fourth one is still in await for approval.

For small payments less than $200,000 the government provides such amounts.

The basic subsidized commodities are wheat, rice, sugar, milk and cooking oil.



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