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Last Update: ،
2025/12/06
Time
09:25:33
Latest News:
Presidential Leadership Council Member al-Arada chairs meeting of military commanders in Marib
Dr. Abdullah Al-Alimi meets with Qatri Prime Minister, Minister of Foreign Affairs
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Latest News:
Presidential Leadership Council Member al-Arada chairs meeting of military commanders in Marib
Dr. Abdullah Al-Alimi meets with Qatri Prime Minister, Minister of Foreign Affairs
Minister of Health, Chinese Diplomat Discuss Strengthening Bilateral Cooperation
President of the Leadership Council Departs Aden for Consultations on National Developments
Leadership Council Member Al-Arada Says Major National Issue is Liberation of Capital Sana'a
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 -
Leadership Council Member Dr. Abdullah al-Alimi appreciates Mauritanian support for Yemen
Presidential Leadership Council Member al-Arada chairs meeting of military commanders in Marib
Dr. Abdullah Al-Alimi meets with Qatri Prime Minister, Minister of Foreign Affairs
Minister of Health, Chinese Diplomat Discuss Strengthening Bilateral Cooperation
President of the Leadership Council Departs Aden for Consultations on National Developments
Leadership Council Member Al-Arada Says Major National Issue is Liberation of Capital Sana'a
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