Hadi orders govt to restore food and services supply stability

Governor of Taiz calls for furthering EU interventions to put governorate economic plan in place

The Governor of Taiz governorate Nabil Shamsan greatly valued the EU's significant interventions in Taiz, calling for further involvements to help implementing the economic plan of the governorate.

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 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: ، 2026/04/28 Time 07:54:12
Latest News:

Minister of Culture discusses with German Ambassador cultural cooperation

'MASAM' removes 1273 Houthis-laid landmines in a week

Deputy Governor Miftah Discusses with New Director of Red Cross in Marib Strengthening Humanitarian ..

Minister al-Yafei Discusses with United Nations Population Fund strengthening partnership, empowering ..

Minister of Industry seeks further Yemeni-German trade partnership

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.