Central Bank Governor meets IFC Representative

Saudi Defense Minister Delivers Leadership Condolences Following Death of Former President Hadi

Saudi Defense Minister Prince Khalid bin Salman bin Abdulaziz conveyed the condolences of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, and Crown Prince and Prime Minister Prince Mohammed bin Salman bin Abdulaziz Al Saud on the death of former Yemeni President Field Marshal Abdrabbuh Mansur Hadi.

Pilgrims Continue Stoning Ritual on Final Day of Tashreeq

Pilgrims performing Hajj continued the ritual of stoning the Jamarat on Saturday, the third and final day of Tashreeq and the last day of the pilgrimage, as they made their way to the Jamarat Complex to cast pebbles at the three pillars, beginning with the Small Jamarah, followed by the Middle Jamarah, and concluding with Jamarat Al-Aqaba, in accordance with the tradition of Prophet Muhammad (peace be upon him).

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: ، 2026/05/31 Time 12:06:26
Latest News:

Al-Alimi Receives Further Condolences on the Passing of Former President Hadi

UAE Leadership Extends Condolences to Leadership Council Chairman on Passing of Former President

Al-Subaihi, PM Receive Condolences in Aden on the Passing of Former President Abd-Rabu Mansour Hadi

President al-Alimi leads funeral procession of former President Abd-Rabu Mansour Hadi

Saudi Leadership Extends Condolences Over Death of Former Yemeni President Abdrabbuh Mansur Hadi

Central Bank Governor meets IFC Representative

[13/03/2018 02:57]

AMMAN-SABA
The Governor of the Central Bank of Yemen, Dr. Mohammad Mansour Zamam, met today with the representative of the International Finance Corporation (IFC)Saad Sabra.

The meeting discussed the mechanisms of the external trade guarantee and finance fund allocated to facilitate, for Yemen, the opening of letters of credits with commercial banks for importing basic commodities for all Yemeni regions. The basic commodities include wheat, rice, sugar and medicines.

Zammam pointed out that the Saudi Arabia is the only country so far to have given preliminary approval to fund the project with $ 100 million apart from its $2 billion bailout deposited in Yemen's Central Bank to shore up the Yemeni currency, Riyal.

Zammamsaid that there was a delay in the implementation of the project and efforts are now being made by the Central Bank and the IFC to complete the signatures ofthe project documents, including the initial finance agreement of 100 million dollars out of the required USD 500 million.