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

Minister of Interior Discusses with British Ambassador Security Cooperation

The Minister of Interior Maj. General Ibrahim Haidan conferred today, Monday, via video call, with the UK Ambassador to the Republic of Yemen Abda Sharif over aspects of security cooperation and coordination.

UN Warns of Consequences of Rising Violence, Settlement Activity in West Bank

UN Deputy Special Coordinator for the Middle East Peace Process Ramiz Alakbarov warned Wednesday of the consequences of escalating violence and settlement activity in the occupied West Bank.

Tunisian Economy Grows 2.3 In 2Q

The Tunisian economy recorded a growth of 2.3 percent in the second quarter of this year, 2026, driven by improved performance in the agricultural sector and the services sector related to hotels, cafes and restaurants.

Al Nassr Beat Al Fateh 3-0 in Saudi Football League

Al Nassr defeated Al Fateh 3-0 in the opening round of the Saudi Pro League, known as the Roshn Saudi League.

Last Update: ، 2026/08/18 Time 04:20:30
Latest News:

Al-Sharjabi Discusses Water, Sanitation Project Priorities with International Relief Organization, Strengthening ..

Ambassador Al-Sunaini Discusses Strengthening Cooperation, Maritime Security with Japan’s State Minister ..

Al-Muharrami, US Chargé d’Affaires Review Developments, Bilateral Cooperation

State Minister, US Chargé d’Affaires Discuss Houthi Attacks

Al-Khanbashi Praises Kuwait’s Sustained Support for Humanitarian and Development Projects

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.