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Last Update: ،
2026/09/10
Time
04:44:54
Latest News:
Germany Reaffirms Support for Yemen’s Government, Strongly Condemns Houthi Militia Attacks
France Condemns Houthi Attacks on Civilian Infrastructure in Yemen and Saudi Arabia
US Embassy Says Houthis Have Brought Yemen Nothing but Suffering
Planning Minister Discusses Strengthening Development, Humanitarian Coordination with UN Official
Deputy Planning Minister Discusses With WFP Relief Efforts
Latest News:
Germany Reaffirms Support for Yemen’s Government, Strongly Condemns Houthi Militia Attacks
France Condemns Houthi Attacks on Civilian Infrastructure in Yemen and Saudi Arabia
US Embassy Says Houthis Have Brought Yemen Nothing but Suffering
Planning Minister Discusses Strengthening Development, Humanitarian Coordination with UN Official
Deputy Planning Minister Discusses With WFP Relief Efforts
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 -
Lt. Gen.al-Subaihi Reviews Field, Military Conditions in Taiz, Stresses High Readiness
Germany Reaffirms Support for Yemen’s Government, Strongly Condemns Houthi Militia Attacks
France Condemns Houthi Attacks on Civilian Infrastructure in Yemen and Saudi Arabia
US Embassy Says Houthis Have Brought Yemen Nothing but Suffering
Planning Minister Discusses Strengthening Development, Humanitarian Coordination with UN Official
Deputy Planning Minister Discusses With WFP Relief Efforts
Netherlands Condemns Houthi Militias Attacks on Yemen, Saudi Arabia
Saudi Program, French Center Launch Projects to Strengthen Urban Water Systems in Taiz
Rubio: Houthis Are Agents and Proxies of Iran
Foreign Minister: Red Sea Security a Shared Strategic Interest for Yemen, Egypt
