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

Oman Welcomes Southern Yemen Issue Conference Initiative

Oman welcomes President Rashad al-Alimi's call for a comprehensive dialogue conference on the southern issue.

Massive 7.0 Magnitude Earthquake Strikes Alaska, USA

A powerful 7.0 magnitude earthquake struck Alaska, USA, yesterday evening, according to the United States Geological Survey (USGS).

China's ETF market hits record $855.6

The combined scale of China's exchange-traded funds (ETFs) has hit a record 6.02 trillion yuan ($855.6 billion), up more than 2.2 trillion yuan from the end of last year, Shanghai Securities News reported Saturday, citing data from Choice, a financial information provider.

Arsenal defeats Brighton and strengthens its lead in the English Premier League

Arsenal defeated Brighton 2-1 in their match at the Emirates Stadium as part of the 18th round of the English Premier League.

Last Update: ، 2026/01/04 Time 03:52:21
Latest News:

Djibouti Welcomes Initiative of Organizing Southern Yemen Issue Conference

Libya Welcomes Yemen Southern Conference Initiative, Appreciates Saudi Hosting Offer

Presidency of Republic: South Transitional Council's restrictions on movement grave violation of constitution, ..

Assistant Governor of Hadhramout Confirms Regaining Order in Governorate

Turkey welcomes invitation of President al-Alimi to hold conference for southerners, supports Saudi ..

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.