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2024/04/25
Time
01:33:13
Latest News:
Defense Minister meets with Acting-Chinese Ambassador in Aden
Tarmoum, Chinese Chargé d'Affaires promoting cooperation in the telecom sector
Two children injured by Houthi landmine in southeastern Yemen's Shabwa
Cabinet looks at various issues on its agenda
Al-Bahsani inspects combat preparedness of military units in Hadhramaut coast
Latest News:
Defense Minister meets with Acting-Chinese Ambassador in Aden
Tarmoum, Chinese Chargé d'Affaires promoting cooperation in the telecom sector
Two children injured by Houthi landmine in southeastern Yemen's Shabwa
Cabinet looks at various issues on its agenda
Al-Bahsani inspects combat preparedness of military units in Hadhramaut coast
Council of Ministers discus YR exchange rate devaluation
[08/08/2018 03:15]
ADEN-SABA
The Council of Ministers devoted its weekly session on Wednesday to discuss the national currency devaluation against foreign currencies.
Necessary measures need to be taken in coordination with Yemeni Central Bank (YCB) to stop the deterioration of the Yemeni Rial (YR) value were also elaborately discussed.
The Cabinet's meeting—chaired by Deputy Prime Minister, Minister of Interior Eng. Ahmed Almayssari—underscored the importance adopting austerity measures by the Finance Ministry and putting an end of the speculation businesses that caused serious damage to the national currency.
The Cabinet has reassured that the government is undertaking full responsibility toward the citizens and maintaining economic situations and ensuring availability of basic commodities.
The Council of Ministers highly praised the monthly $60 million fuels donation by the Kingdom of Saudi Arabia's support for electricity sector.
The Cabinet directed the Ministry of Oil and Minerals and Oil Company to supply the domestic market with the needed quantities of oil fuels at reasonable prices.
The Cabinet discussed an internal bylaw about regulating oil liquid gas transport, marketing and purchasing in the local market. The draft bill put forward by the Ministry of Oil in order to be ratified.
The Council of Minister has approved a decision by the Committee of Tenders in the Ministry of Electricity about establishing 30MGW Power Station for Abyan province.
An emergency founding budget for Sayoon University was approved totaling 900 million (YR).
The Council of Ministers devoted its weekly session on Wednesday to discuss the national currency devaluation against foreign currencies.
Necessary measures need to be taken in coordination with Yemeni Central Bank (YCB) to stop the deterioration of the Yemeni Rial (YR) value were also elaborately discussed.
The Cabinet's meeting—chaired by Deputy Prime Minister, Minister of Interior Eng. Ahmed Almayssari—underscored the importance adopting austerity measures by the Finance Ministry and putting an end of the speculation businesses that caused serious damage to the national currency.
The Cabinet has reassured that the government is undertaking full responsibility toward the citizens and maintaining economic situations and ensuring availability of basic commodities.
The Council of Ministers highly praised the monthly $60 million fuels donation by the Kingdom of Saudi Arabia's support for electricity sector.
The Cabinet directed the Ministry of Oil and Minerals and Oil Company to supply the domestic market with the needed quantities of oil fuels at reasonable prices.
The Cabinet discussed an internal bylaw about regulating oil liquid gas transport, marketing and purchasing in the local market. The draft bill put forward by the Ministry of Oil in order to be ratified.
The Council of Minister has approved a decision by the Committee of Tenders in the Ministry of Electricity about establishing 30MGW Power Station for Abyan province.
An emergency founding budget for Sayoon University was approved totaling 900 million (YR).
Key words:
Almayssari—underscored - meeting—chaired - responsibility - deterioration - Necessary - availability - establishing - coordination - commodities - devaluation -
Yemen looks for robust Chinese partnership in Transport—Minister insists
Defense Minister meets with Acting-Chinese Ambassador in Aden
Two children injured by Houthi landmine in southeastern Yemen's Shabwa
Cabinet looks at various issues on its agenda
PM hails Sino-Yemen relations, gives glad tidings on partnership prospects
Deputy Finance Minister, UN delegation discuss Yemen economic developments
PM highlights need to channel international donations toward sustainable development projects
FM, UN special envoy discuss political process revival
PM receives in Aden deputy of UN's envoy to Yemen
Al-Alimi, US Ambassador discuss Yemen, regional and international developments 
