Governor of CBY confers with Korean Ambassador over economic situations
Governor of the Central Bank of Yemen CBY) Ahmed Ghaleb met today, Sunday, with the Ambassador of the Republic of Korea to the Republic of Yemen DO Bong-Kae, Deputy Ambassador Jin Joo Kim and the representative of the Export-Import Bank of Korea to Saudi Arabia and Yemen Chun Ki-Hoon.
Saudi and Turkish foreign ministers discuss promoting bilateral relations between the two countries
Saudi Foreign Minister Prince Faisal bin Farhan discussed with the Turkish Foreign Minister Hakan Fidan the bilateral relations between the two countries and ways to promote them.
Canada, Mexico impose tariffs in response to the United States
Canada and Mexico have announced they will impose tariffs on US products in response to similar measures announced by US President Donald Trump against the two countries.
Liverpool rests Red stars, pits young players against Eindhoven in Champions League
Liverpool coach Arne Slot decided to rest the team's Reds stars, led by Mohamed Salah, Dutch defender Virgil van Dijk, English defender Trent Alexander Arnold and Brazilian goalkeeper Alisson Becker, and give young players a chance in the match against Dutch Eindhoven today, Wednesday, at the conclusion of the Champions League's league stage activities.
User Name: Password:
Security not achievable under authorities of multiple loyalties, says PM
[03/01/2018 05:56]

ADEN-SABA
Prime Minister Ahmed bin-Daghr said that "security and stability cannot be achieved in Aden and all government-held provincesunder security authorities of multiple loyalties, financial dependencies."

Addressing the Cabinet's first session for 2018 in Aden on Wednesday, he pointed to a host of challenges that setback the achievement of security including also the rivalry or even cleavage between the military cohorts and commanders.

He said: "The government has been endeavoring in two main directions;improving security in the government-held territories despite the presence of multiple rival authorities … and in affording whatever funds can be afforded to keep the public services at a reasonable level of supply, especially electricity, water, health …"

"The unity of the different military and security units under the leadership of the President of the Republic Abd-Rabbu M. Hadi is a condition for achieving military and political victory," he said.

"The mission was assigned to us in complicated circumstances and amidst scarcity of resources. However; we have managed to brake the deterioration on the security and services levels. We have an acceptable record of achievements that we can build on in the new year 2018."

He pointed enormous efforts to improve the security and services including the provision of food and medicines to the army, enlisting the martyrs names in the public payroll and providing treatment to the wounded warriors."

He said that "moving the Central Bank [from Sana'a to the temporary capital Aden], despite the strong objection of many, was a crucial financial empowerment of the government."

The bank and the Finance Ministry took important steps "in the management of the financial and fiscal policies and in ensuring stable public salary payments to a large extent."

He said that the government and the Aden Central Bank branch "have used all the financial instruments to keep the Yemeni rial's value stable in relation to foreign currencies. But the center of financial and fiscal decision is not one.The Houthis went too far in looting the Yemeni people's resources; they have embarked on illegal printing of the Yemeni currency with facilitation from Iran and some western companies."

He called this practice a newcrime against the Yemeni people. "It creates a fluctuation in the daily financial dealings and increases the currency depreciation and the rise of commodity prices, burdening the Yemeni citizens more."

He said that certain international organizations had conducted credible investigations that unveiled the printing crime and the involvement of Iran and some western companies in it. "Butthe organizations have now turned silent."

He said that if the government had not taken special measures, the inflation would have been much worse.

He also pointed to the oil ministry's resumption of oil production in Hadhramoutwhich help support the state budget of 2016.

He also thanked the Arab Coalition states for backing the Yemeni government against the Iranian racist expansionismand their Houthi proxy.


Leadership Council chairman congratulates al-Shara on assuming power in Syria
Leadership Council chairman receives an invitation from French President Emmanuel Macron
Deputy Foreign Minister, Korean Ambassador discusses ways to enhance bilateral relations
President al-Alimi: Relations with Kingdom exceptionally robust, terrorist designation the best peaceful option to deter the rogue militias
Yemen takes part in Second Meeting of Steering and Follow-up Committee of Regional Program for Arab Countries
Health Minister discusses with NAMRO joint cooperation
President al-Alimi receives EU's Ambassadors
FM, EU Ambassadors discuss developments in Yemen
FM confers with German Ambassador over bilateral relations
FM delivers a lecture on developments in Yemen at Kuwaiti Diplomatic Institute

About Saba News Agency | Usage Agreement | Contact Us