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

Marib Deputy Governor, Polish Organization Discuss Expanding Humanitarian Support

Marib Deputy Governor Dr. Abdrabuh Miftah discussed on Sunday with representatives of a Polish humanitarian organization ongoing relief interventions in the governorate and prospects for expanding support to address growing humanitarian needs amid continued displacement and economic challenges.

Bahrain Says Air Defenses Intercepted and Destroyed Several “Treacherous” Iranian Air Attacks

The General Command of the Bahrain Defence Force announced on Thursday that Iran continues what it described as a systematic hostile approach through missile and drone attacks targeting civilians in the Kingdom of Bahrain.

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.

Paris Saint-Germain Crowned UEFA Champions League Winners

French club Paris Saint-Germain claimed the UEFA Champions League title after defeating Arsenal 4-3 in a penalty shootout following a 1-1 draw in the final held at Puskás Aréna in the Hungarian capital, Budapest.

Last Update: ، 2026/06/21 Time 06:24:58
Latest News:

Marib Deputy Governor, Polish Organization Discuss Expanding Humanitarian Support

Al-Khanbashi, WFP Discuss Expanding Humanitarian Programs in Hadramout

Al-Arada Inspects Construction Progress at Marib International Airport

Health Minister Opens Aden Charitable Heart Center, Launches Fifth Cardiac Surgery Camp

Yemen Cabinet Approves Rules to Regulate Official Overseas Travel

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.