Al-Arada Affirms Building Professional National Military Institution، Strategic Plan for the State
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Bahrain Says Air Defenses Intercepted and Destroyed Several “Treacherous” Iranian Air Attacks
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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.
Paris Saint-Germain Crowned UEFA Champions League Winners
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Last Update: ،
2026/06/15
Time
09:54:01
Latest News:
Al-Arada Affirms Building Professional National Military Institution، Strategic Plan for the State
Masam Removes 2,843 Mines and Unexploded Ordnance Since Beginning June
Prime Minister Opensin Aden National Conference on Partnership, Integration Between Government and Local ..
Prime Minister Receives Russian Ambassador
Yemen Wins Governing Board Seat on Pandemic Fund
Latest News:
Al-Arada Affirms Building Professional National Military Institution، Strategic Plan for the State
Masam Removes 2,843 Mines and Unexploded Ordnance Since Beginning June
Prime Minister Opensin Aden National Conference on Partnership, Integration Between Government and Local ..
Prime Minister Receives Russian Ambassador
Yemen Wins Governing Board Seat on Pandemic Fund
Hadi orders govt to restore food and services supply stability
[03/09/2018 10:03]
RIYADH-SABA
President Abd-Rabbu Mansour Hadi has ordered the government to take effective and urgent measures to restore the stability of food and services supply following this week's further devaluation of the Riyal from 550 to 600 against the US dollar and the soar of prices of basic commodities.
In a meeting of the national Economic Committee attended also by the Vice President and Prime Minister on Sunday evening, Hadi called for resuming oil and liquefied natural gas exports to bring in hard currency, an efficient collection of taxes, spending cuts and pay rise for civil servicemen among other measures to tackle the situation.
"We know the magnitude of the challenges, the economic impact of the Houthi militia's unrelenting war on the nation and confiscation of foreign cash reserves to finance the war. Nevertheless, we are not absolved from stepping up efforts to take tackling measures and start building a new economy right from scratch," he said.
President Abd-Rabbu Mansour Hadi has ordered the government to take effective and urgent measures to restore the stability of food and services supply following this week's further devaluation of the Riyal from 550 to 600 against the US dollar and the soar of prices of basic commodities.
In a meeting of the national Economic Committee attended also by the Vice President and Prime Minister on Sunday evening, Hadi called for resuming oil and liquefied natural gas exports to bring in hard currency, an efficient collection of taxes, spending cuts and pay rise for civil servicemen among other measures to tackle the situation.
"We know the magnitude of the challenges, the economic impact of the Houthi militia's unrelenting war on the nation and confiscation of foreign cash reserves to finance the war. Nevertheless, we are not absolved from stepping up efforts to take tackling measures and start building a new economy right from scratch," he said.
Key words:
SABA President - Nevertheless - confiscation - devaluation - unrelenting - commodities - challenges - collection - servicemen - government -
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