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

Statement of President, Supreme Commander of Armed Forces

The Statement by His Excellency President of the Presidential Leadership Council, the Supreme Commander of Armed Forces Our Great Yemeni people, Brave members of our Armed Forces and Security Services,

U.S. Extends Work Permits for Temporary Protected Status Holders

The U.S. administration has extended work permits for hundreds of thousands of migrants from Haiti and six other countries who are protected under the Temporary Protected Status (TPS) program, just hours before the permits were due to expire.

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.

France Advance to World Cup Quarterfinals, Set Up Morocco Clash

France secured a place in the quarterfinals of the 2026 FIFA World Cup after edging Paraguay 1-0 in their Round of 16 encounter.

Last Update: ، 2026/07/13 Time 01:48:59
Latest News:

Official and Societal Efforts Must Be Joined To Protect Cultural Heritage

Houthis Threatens to Expand Military Support Network

Marib Deputy Governor Discusses Expanded Cooperation With Japanese NGO IVY

Marib Official, UK Charity Discuss Expanding Humanitarian Assistance

French Ambassador Visits Key Health and Tourism Sites in Hadramout

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.