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

King Salman Humanitarian Aid Centre Launches Distribution of More Than 3,640 Food Baskets in Taiz

The King Salman Humanitarian Aid and Relief Centre (KSrelief) today launched a project to distribute 3,640 food baskets to the most vulnerable families and displaced people in Taiz governorate, as part of humanitarian interventions aimed at alleviating the suffering of affected families and enhancing food security.

Second Day of International Media Forum on Islamic Civilization Kicks Off in Tashkent

The second day of the International Media Forum “Islamic Civilization: A New Perspective – New Discoveries” commenced today, Wednesday, at the Center for Islamic Civilization in the Uzbek capital, Tashkent.

German Exports Rise 3.9 Percent

The total of German exports increased by 3.9 percent during the first half of 2026 compared to the same period last year, reaching 817.8 billion euros.

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: ، 2026/08/29 Time 05:22:38
Latest News:

King Salman Humanitarian Aid Centre Launches Distribution of More Than 3,640 Food Baskets in Taiz

Foreign Minister Arrives in Doha on Second Stop of Gulf Tour

Yemen’s Deputy Foreign Minister for Political Affairs Discusses Bilateral Relations with Somali Counterpart

Yemen’s Ambassador Discusses Latest Developments in Yemen with US Assistant Secretary of State

President al-Alimi Offers Condolences Over Flood and Landslide Victims in Nepal

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.