Zammam says revenues within govt administered areasgoto central bank

Torrential rains in Taiz cause deaths of 15 people, widespread material losses

Floods resulting from heavy rainfall hit districts of Mocha, Wawzaa, Alwaziyah, Jabal Habashi and Makbana on Friday March 27, 2026, caused significant human and material losses in several areas within host communities.

Arab League Calls for Confronting Rising Anti-Muslim Hate

The Arab League on Sunday called for intensified international efforts to confront the growing phenomenon of hate speech and discrimination against Muslims in order to prevent deeper divisions among religions and cultures.

Oil rises as markets assess supply risks

Oil prices rose today, Tuesday, due to supply concerns, with Brent crude futures climbing $2.89, or 2.9 percent, to $102.83 per barrel.

Saudi League: Al-Nassr, Al-Ettifaq and Neom Secure Victories Over Al-Ittihad, Damac and Al-Riyadh

Al-Nassr defeated its guest Al-Ittihad 2–0 in the match that brought them together at Al-Awwal Park Stadium in Riyadh, as part of the 21st round of the Saudi Professional League.

Last Update: ، 2026/03/30 Time 12:30:00
Latest News:

Houthi terrorist militias bombard IDP camp south of Hodeida

Minister of Interior praises American support for Yemeni security services

Minister of Planning discusses with WB joint efforts to expand development support

Minister of Electricity seeks American support for electivity

Vice Foreign Minister holds meeting with Yemeni Ambassadors to Arab countries

Zammam says revenues within govt administered areasgoto central bank

[11/07/2018 05:39]

ADEN-SABA
The governor of Yemen's central bank, Dr. Mohamed Zammamsaid that all revenueswithin the government-administered areas, including revenues from crude oil sales, go to the central bank.

Zammam made the remarks during a meeting with the Humanitarian Coordinator, the resident representative of the UNDP Lisa Grandein Aden on Wednesday.

They addressed several economic issues including the failure of the rebel militia to hand over revenues to the government, the constrain on stateexpenditures as a result,and the weak purchasing power of the Yemenii Riyal.

Zammamstressed the need to increase the Riyal power so that the essential commodities can be afforded in the market. The assistance Yemen receives does not cover 10% of the needs, he said.

They discussed the salaries that have not been paid to civil servicemen since August 2016, an issuelinked to the Houthiwithholding of public revenues under their control.

He pointed to the central bank's involvement of the commercial banks in financingthe import of basic commodities.
He said that the Saudi $2 billion deposit in the bank has helped the bank to a large extent to activate its fiscal instruments and finance the import of commodities.