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

PM receives in Aden deputy of UN's envoy to Yemen

Prime Minister Dr. Ahmed bin Mubarak received today, Monday, in the temporary capital Aden the deputy of the UN's special envoy to Yemen and his accompanying delegation who are visiting Aden.

BRUSSELS: European Parliament Urges Lifting Schengen Land Border Controls for Bulgaria, Romania

The European Parliament (EP) on Wednesday called for lifting Schengen land border controls for Bulgaria and Romania by the end of 2024. Air and sea border controls were scrapped on March 31, 2024.

Chinese car sales surges 26.4 percent in the first quarter of 2024

Sales of passenger cars of Chinese brands increased by 26.4 percent year-on-year in the first quarter of 2024 as some 3.39 million vehicles were sold during the mentioned period.

Spain reaches the final of the European Nations League and sets a date with Croatia

The Spanish national team reached the final match of the European Nations League, after defeating Italy with two goals to one in the semi-finals of the tournament, to set a date in the final match with the Croatian national team, which succeeded in reaching the same role by defeating the Netherlands.

Last Update: ، 2024/04/23 Time 12:15:41
Latest News:

PM receives in Aden deputy of UN's envoy to Yemen

Transport Minister, UN's official discuss joint cooperation

Al-Alimi, US Ambassador discuss Yemen, regional and international developments

Al-Amqi briefs Chinese Chargé d'Affaires on damages left by Hadhramaut air depression

Local Admn. Minister, aid orgs discuss emergency interventions in aftermath of air depression

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.