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Last Update: ،
2026/10/07
Time
10:05:47
Latest News:
Presidential Leadership Council Chairman: Yemen Dawn Operation Will Continue Until Its Objectives Are ..
Human Rights Minister Discusses Yemen Situation with U.S. Mission Official in Geneva
Minister of Social Affairs Seeks U.S. Support for National Child Protection Plan
Al-Khanbashi Discusses with German Ambassador Ongoing Efforts to Restore State Institutions
Minister of Agriculture Discusses with WB Fisheries Development Project
Latest News:
Presidential Leadership Council Chairman: Yemen Dawn Operation Will Continue Until Its Objectives Are ..
Human Rights Minister Discusses Yemen Situation with U.S. Mission Official in Geneva
Minister of Social Affairs Seeks U.S. Support for National Child Protection Plan
Al-Khanbashi Discusses with German Ambassador Ongoing Efforts to Restore State Institutions
Minister of Agriculture Discusses with WB Fisheries Development Project
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 -
Yemeni Ambassador to Germany Briefs German MP on Government Efforts to Restore State Institutions
Presidential Leadership Council Chairman: Yemen Dawn Operation Will Continue Until Its Objectives Are Achieved
Human Rights Minister Discusses Yemen Situation with U.S. Mission Official in Geneva
Minister of Social Affairs Seeks U.S. Support for National Child Protection Plan
Al-Khanbashi Discusses with German Ambassador Ongoing Efforts to Restore State Institutions
Minister of Agriculture Discusses with WB Fisheries Development Project
Six Civilians Killed, Four Injured by Houthi Militias Attacks on Villagers in Taiz
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Ministry of Agriculture Discusses with UNDP Water, Irrigation Management Improvement Project
