Arab Monetary Fund emphasizes willingness to offer $150 million to Yemen

Al-Aradah receives Somali Ambassador to Yemen

Member of the Presidential Leadership Council General Sultan al-Aradah received Thursday in his office here Ambassador of the Somali Federal Republic Abdullahi Hash Shurie, discussing with him mutual relations between the two countries and means of expanding them in different fields.

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: ، 2024/04/26 Time 12:31:47
Latest News:

Ambassador al-Awd discusses joint issues with Spanish official

Amb. Shamer discusses with Bulgarian official peace efforts in Yemen

President al-Alimi receives an invitation from Bahrain Monarch to attend Arab Summit

Taiz Governor launches water project

Prime Minister receives Dutch ambassador, discuss bilateral cooperation

Arab Monetary Fund emphasizes willingness to offer $150 million to Yemen

[10/02/2019 05:54]

DUBAI-SABA
The Chairman of the Arab Monetary Fund Abdurahman al-Hameedi said the Fund will work to finalize the necessary procedures to allocate $150 million from the Arab Trade Budget for Yemen, after Yemen settles the overdue installments as per the new debt structure.

Al-Hameedi made the remarks in a meeting with the governor of the Central Bank of Yemen Mohammed Zimmam in Dubai on Sunday. The meeting discussed the installments unsettled from 2016 due to the Houthi-triggered turbulence.

Zimmam on his part confirmed that Yemen would pay the overdue installments to the Arab Monetary Fund after this debt balance is restructured. Al-Hameedi noted that Yemen has always been committed to settling its debts and never before did it delay the settlement of its debts to any Arab or international financial institutions.

He therefore said it is the Fund's duty to stand by the side of Yemen in this crisis the country is going through.