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Last Update: ،
2026/11/05
Time
05:04:52
Latest News:
Yemen Calls for Stronger International Partnership and Investment in Water Sector
Ministers of Civil Service, Information, Local Administration Swear-in Before President al-Alimi
President al-Alimi, Lebanese President Discuss Bilateral Relations, Common Challenges
Yemen Participates in the 23rd Session of Executive Bureau of Arab Information Ministers
Foreign Minister Informs Journalists in Paris About Foreign Experts Role in Backing Houthi Terrorist ..
Latest News:
Yemen Calls for Stronger International Partnership and Investment in Water Sector
Ministers of Civil Service, Information, Local Administration Swear-in Before President al-Alimi
President al-Alimi, Lebanese President Discuss Bilateral Relations, Common Challenges
Yemen Participates in the 23rd Session of Executive Bureau of Arab Information Ministers
Foreign Minister Informs Journalists in Paris About Foreign Experts Role in Backing Houthi Terrorist ..
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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