Central Bank discusses establishing fast payment company

Yemeni Minister Discusses Water and Environment Projects with UNDP

Minister of Water and Environment, Engineer Tawfiq Al-Sharjabi, met with representatives from the United Nations Development Programme (UNDP) in Aden to discuss the implementation mechanisms for water and environment projects.

International Conference on Cultural Heritage in Digital Era in Bulgaria

An international scientific conference on "Cultural Heritage in the Digital Age" was unveiled at the Bulgarian Academy of Sciences here today, Wednesday.

GDP grows 0.1 percent in Eurozone

The Gross Domestic Product (GDP) in the Eurozone recorded a growth rate of 0.1 percent during the second quarter of the current year 2025, while it increased by 0.2 percent in the European Union compared to the previous quarter.

Saudi Al-Hilal FC Eliminated from FIFA Club World Cup After 2-1 Defeat to Fluminense

Saudi Al-Hilal FC has been eliminated from the 2025 FIFA Club World Cup after suffering a 2-1 defeat to Fluminense FC from Brazil in the quarterfinals. The match was held at the Camping World Stadium in Orlando, Florida.

Last Update: ، 2025/07/31 Time 06:11:46
Latest News:

Deputy Planning Minister Discusses Development Support with UN Advisor

Maj. General al-Zubaidi underlines Yemen's need for Chinese assistance to develop electricity services

Parliament Speaker participates in conference for parliamentary leaders

Cabinet Reviews Current Developments, Service Conditions, and Central Bank Report

Shabwa receives Emirati support of approximately $10 million for road sector

Central Bank discusses establishing fast payment company

[10/07/2025 06:22]

ADEN - SABA
Governor of the Central Bank of Yemen Ahmed Ghaleb, discussed in a meeting for the bank on Thursday several measures related to banking operations in Yemen.

The meeting, which included representatives from banks, addressed the establishment of a Fast Payment Company aimed at enhancing the role of banking in executing financial transactions.

This initiative is expected to accelerate and facilitate banking operations and is considered a fundamental requirement for implementing a digital payments and settlements system within the Yemeni banking system, with support from the World Bank.

The meeting also discussed the restructuring of the Unified Network Company, increasing its capital, and ensuring banks receive a larger share of their stake.

The management of the network is to be handed over to banks, with an expansion of its functions and operational scope.

The discussions included enhancing compliance measures for banks and exchange companies to facilitate international transactions between Yemen and the international community, especially in light of the designation of the Houthi militias as a global terrorist organization by the United States and other countries.