Zemam, Hudramout businessmen discuss mechanism of open letters of credits for importing food stuffs

Cabinet Reviews Current Developments, Enhance State Institutions Readiness

The Cabinet, chaired by Prime Minister and Minister of Foreign Affairs and Expatriates Dr. Shaya Zindani held a meeting on Sunday to review the latest developments following the Iranian violations of Yemen's sovereignty and the measures taken to manage the current phase across its political, military, security, diplomatic, economic, and media dimensions, in coordination with the Presidential Leadership Council.

U.S. Extends Work Permits for Temporary Protected Status Holders

The U.S. administration has extended work permits for hundreds of thousands of migrants from Haiti and six other countries who are protected under the Temporary Protected Status (TPS) program, just hours before the permits were due to expire.

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.

England Claim FIFA World Cup 2026 Bronze with Victory over France

England secured third place at the 2026 FIFA World Cup after defeating France 6-4 in the third-place playoff on Saturday.

Last Update: ، 2026/07/19 Time 04:51:06
Latest News:

Head of Civil Status Authority Discusses Strengthening Cooperation with UNICEF Delegation

President al-Alimi: We Established Firm Deterrence Equation, Doors Remain Open to Fair Peace

Civil Aviation and Met. Authority Confirms that Prior Flight Permission Necessary to Inter Yemen Airspace

Yemen Condemns Repeated Iranian Attacks on Kuwait, Bahrain, Jordan

President al-Alimi, UN Envoy Discuss Efforts to Revive Yemen Peace Process

Zemam, Hudramout businessmen discuss mechanism of open letters of credits for importing food stuffs

[08/11/2018 07:03]

ADEN-SABA
Governor of Central Bank of Yemen (CBY) Dr Mohammed Zemam held meeting Thursday with a group of businessmen and investors of Hudramout province.

The session intended to discuss the new mechanism the CBY has opted to ease and facilitate procedures to open letters of credits to import basic food stuffs which are being subsidized through the $2billion Saudi deposit.

The needed amounts of foreign currency to cover imports of basic stuffs which total costs less than $200 thousands were also addressed.

The businessmen cited obstacles they have faced as they submitted their applications for first and second payments the CBY offered.

Zemam stated that former troubles have been overcome and new easy mechanism has been adopted, can be accomplished within less than three days by the bank's staff.