Eryani: Abduction of Political Leader a Stark Warning to Those Who Still Believe in Coexistence with Houthis
Minister of Information, Culture, and Tourism, Muammer al-Eryani, strongly condemned the Houthi militia's continued abduction of General Secretary of the Sana'a General People's Congress, Ghazi al-Ahwal, and several associates.
BULGARIA: UN Tourism Global Conference on Wine Tourism
Excellent wine practices and global trends in wine tourism will be among the topics on the second day of the 9th UN Tourism Global Conference on Wine Tourism in Plovdiv.
Gold surpasses $3,900 per ounce for first time
The price of gold jumped over the $3,900 per ounce mark for the first time today, Monday, driven by increased demand for safe-haven assets amid a U.S. government shutdown.
Paris Saint-Germain beat Barcelona 2-1 in the Champions League
Paris Saint-Germain beat Barcelona 2-1 in the second round of the Champions League for the league stage.
User Name: Password:
Zemam: Revenues follow into YCP, Saudi donations will help economic recovery
[11/10/2018 03:36]
ADEN-SABA
Governor of Central Bank of Yemen (CYB) Dr Mohammed Mansour Zemam stated that all state's revenues are being supplied to the HQ of CYB in the temporary capital Aden and procedures have been made to linkage data with Marib.

The government has a plan to resume oil production and export a matter will certainly help boosting the state's returns and contribute toward economic and currency recovery.

Speaking at press conference held in Aden Thursday in the CYB's HQ in Aden Zemam said communications started with the CYB's branch in Marib with the aim of know-how to supply the deposits into the CYB in Aden.

He stated that total amount of Al-Massila's crude oil exports is $150 million per two months. This amount is distributed as follow: $30 million operation budget for Al-Massiala Company. More than $20 million is the portion of Hudramout province. $50 million the cost of electricity fuels in Aden and surrounding areas.

Zemam added saying: No donations provided by any country to the CYB except for the grants offered by Kingdom of Saudi Arabia: $2 billion provided as deposit in the CYB, $200 million and $60 million donation for electricity fuels.

He explained that the government earlier used to buy electricity fuels with total cost $25 million, while now it has to purchase the same quantity at $50 million due to rise in fuels prices globally.

Concerning to the Saudi $2 billion deposit Zemam stated that it is jointly administered by Yemeni and Saudi sides. Requests by key traders for importing basic subsidized commodities are received and submitted in forms of payments to Saudi side to be approved, then procedures go normally. Requests for four payments were submitted so for, three payments were already approved, the fourth one is still in await for approval.

For small payments less than $200,000 the government provides such amounts.

The basic subsidized commodities are wheat, rice, sugar, milk and cooking oil.


Vice Foreign Minister Discusses Enhanced Partnership and Migration Issues with UN High Commissioner
PM discusses with IMF mission results of Article IV consultations
Yemen participates in the 28th Arab Conference on Combating Terrorism, Organized Crime
Government Holds Consultations with IMF in Amman
Indian Embassy Team Begins Operations in Aden Representative Office
Minister al-Zaouri, UNFPA discuss joint collaboration
Yemen confirms its commitment to protect refugees
Al-Ahmadi discusses with Bahraini Undersecretary of Foreign Affairs resumption of Yemenia Airlines flights
KSrelief arm "Masam" Removes Over 1,300 Houthi Landmines in Yemen in One Week
Tariq Saleh, PM briefed on final preparations to operate Mokha Airport

About Saba News Agency | Usage Agreement | Contact Us