The Council of the League of Arab States, at the ministerial level, affirmed its full support for Yemen's unity, sovereignty, security, stability, territorial integrity, and rejection of interference in its internal affairs.
The Bulgarian Tourist Union (BTU) will organize a hike for hundreds of mountain lovers, starting from the Ivan Vazov National Theatre to Mt. Cherni Vrah, to celebrate 130 years of organized tourism in Bulgaria.
Oil prices declined in trading today, Wednesday, but remained close to their highest levels in a month, supported by new U.S. sanctions on a network of shipping companies and vessels, while traders are awaiting the OPEC+ meeting scheduled for the end of the week.
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.