Hadi orders govt to restore food and services supply stability

Parliament Speaker Discusses General Situation on the National Scene With Prime Minister

The Speaker of the House of Representatives, Sheikh Sultan al-Barakani discussed Wednesday with Prime Minister and Minister of Foreign Affairs Dr. Shaya Zindani the overall situation on the national scene, including political, economic, service-related and social issues.

Magnitude 5 Earthquake Strikes Fiji Islands in the South Pacific

A magnitude 5.0 earthquake struck south of the Fiji Islands in the South Pacific Ocean on Sunday, according to the United States Geological Survey (USGS). The earthquake occurred at a depth of approximately 486.2 kilometers beneath the Earth's surface.

Oil price tops $100 a barrel

Oil prices jumped above $100 per barrel today, Monday, as the U.S. Navy prepares to take control of ship movements in the Strait of Hormuz.

Paris Saint-Germain Crowned UEFA Champions League Winners

French club Paris Saint-Germain claimed the UEFA Champions League title after defeating Arsenal 4-3 in a penalty shootout following a 1-1 draw in the final held at Puskás Aréna in the Hungarian capital, Budapest.

Last Update: ، 2026/06/11 Time 07:47:29
Latest News:

Prime Minister Receives Spanish Secretary of State for Foreign, Global Affairs

Vice Minister of Foreign Affairs Discusses Strengthening Bilateral Relations with German Minister of ..

President al-Alimi: No Lasting Peace Without Disarming Militias

Yemen Reaffirms Commitment to Rights of Persons with Disabilities

PLC Member al-Khanbashi Reviews Industrial and Transport Development, Reaffirms Support for School Textbook ..

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.