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2024/04/20
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01:07:20
Latest News:
Yemen participates in tea road conference in China
President: Houthi militias, its allies use 'Gaza Issue' to serve Iranian interests, agendas
Foreign Minister praises EU's supportive stances in support of Yemen
KSrelief, WFP sign cooperation pact to support malnutrition tackling program in Yemen
Al-Alimi phone calls Hadhramout governor to pursue measures regarding air depression
Latest News:
Yemen participates in tea road conference in China
President: Houthi militias, its allies use 'Gaza Issue' to serve Iranian interests, agendas
Foreign Minister praises EU's supportive stances in support of Yemen
KSrelief, WFP sign cooperation pact to support malnutrition tackling program in Yemen
Al-Alimi phone calls Hadhramout governor to pursue measures regarding air depression
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 -
Eryani: Iranian arms smuggled to Houthis now threaten international peace
Yemen participates in tea road conference in China
President: Houthi militias, its allies use 'Gaza Issue' to serve Iranian interests, agendas
Foreign Minister praises EU's supportive stances in support of Yemen
KSrelief, WFP sign cooperation pact to support malnutrition tackling program in Yemen
Al-Alimi phone calls Hadhramout governor to pursue measures regarding air depression
President al-Alimi directs doubling precautionary measures to follow up low-pressure impacts in eastern provinces
Chairman of SJC hails establishing and equipping National Center for Forensic Medicine in Aden
One person died, damages in agricultural lands, roads, electricity, water supplies in Hadramout due to heavy rainfalls
FM holds phone conversation with British Minister of State over developments in Yemen
