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Last Update: ،
2026/10/06
Time
09:39:25
Latest News:
Bahrain Backs Efforts to Restore Yemeni State, Condemns Houthi Attacks on Saudi Arabia
Kuwait Reaffirms Support for Yemeni Government, Condemns Houthi Attacks on Mecca and Medina
Ministry of Agriculture Discusses with UNDP Water, Irrigation Management Improvement Project
Amb. Nagy Briefs Senior Hungarian Official on Developments in Yemen
President al-Alimi Receives Written Message from Emir of Qatar
Latest News:
Bahrain Backs Efforts to Restore Yemeni State, Condemns Houthi Attacks on Saudi Arabia
Kuwait Reaffirms Support for Yemeni Government, Condemns Houthi Attacks on Mecca and Medina
Ministry of Agriculture Discusses with UNDP Water, Irrigation Management Improvement Project
Amb. Nagy Briefs Senior Hungarian Official on Developments in Yemen
President al-Alimi Receives Written Message from Emir of Qatar
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 -
Six Civilians Killed, Four Injured by Houthi Militias Attacks on Villagers in Taiz
Bahrain Backs Efforts to Restore Yemeni State, Condemns Houthi Attacks on Saudi Arabia
Kuwait Reaffirms Support for Yemeni Government, Condemns Houthi Attacks on Mecca and Medina
Ministry of Agriculture Discusses with UNDP Water, Irrigation Management Improvement Project
Amb. Nagy Briefs Senior Hungarian Official on Developments in Yemen
President al-Alimi Receives Written Message from Emir of Qatar
US Secretary of State: Yemeni Forces Seek to Regain Territory, Saudi Arabia Has Right to Defend Itself
President al-Alimi Announces Launch of “Fajr al-Yemen” Operation to Restore State Institutions, Liberate Capital Sana’a
Yemen Scholars’ Association Supports Launch of Operation Yemen Dawn
Yemen Human Rights Minister Discusses Impact of Houthi Escalation with German Ambassador in Geneva
