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

Yemen, UK Discuss Humanitarian and Development Cooperation

Minister of Planning and International Cooperation Mohammed al-Faqmi held talks with British Ambassador to Yemen Abda Sharif on Thursday via video conference to strengthen humanitarian and development cooperation.

GCC Secretary-General Welcomes UN Security Council’s Position on Houthi Attacks Against Saudi Arabia

The Secretary-General of the Gulf Cooperation Council (GCC) Jasem Albudaiwi has expressed his appreciation for the position conveyed by members of the United Nations Security Council in their presidential statement regarding the attacks carried out by the Houthi terrorist militia against the Kingdom of Saudi Arabia.

Brent Crude Futures Rise 12 Cents

Oil prices remained mostly unchanged in early Asian trading on Thursday following gains from the previous session and a sharp monthly increase.

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: ، 2026/10/29 Time 05:19:40
Latest News:

Aden Airport Resumes Operations After Houthi Shelling

Yemeni Ambassador Urges US Action on Taiz Siege

President al-Alimi Sends Message of Condolences to King of Spain on Victims of Train Collision

Taiz Local Authority Calls for Urgent Investigation into Suspected Toxic Shells

Prime Minister Issues Decision to Establish Government Communication Center

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.