PM admonishes C. bank governor to guard against currency devaluating practices by Houthis

Kuwaiti Fund signs Grant Agreement Worth $1.2 million for displaced persons in Yemen

The Kuwaiti Fund for Arab Economic Development signed Thursday a Grant Agreement with the United Nations High Commissioner for Refugees (UNHCR) worth $1.2 million to contribute to the rehabilitation and maintenance of homes for displaced persons in Yemen.

Death toll in Gaza Strip has risen to 48,515, and injuries has risen to 111,941

The death toll in the Gaza Strip has risen to 48,515, and the number of injuries has risen to 111,941, the majority of whom are children and women, since the start of the Israeli occupation's genocidal war on October 7, 2023.

QCB's foreign exchange reserves rise 3.81 percent

The Qatar Central Bank's (QCB) international reserves and foreign currency liquidity increased by 3.81 percent in February to 255.916 billion riyals, compared to 246.509 billion riyals in the same month last year.

Saudi Arabia's Al-Taawoun qualifies for AFC Champions League semi-finals at expense of Iran's Tractor S.

Saudi Arabia's Al-Taawoun qualified for the AFC Champions League semi-finals after defeating Iran's Tractor S. 4-2 on penalties, after both teams finished 2-2 after regulation and extra time.

Last Update: ، 2025/03/14 Time 03:38:50
Latest News:

Oil Minister: It is vitally important to resume oil exports

FM praises China's support for Yemen

Leadership Council's Member Aidarous al-Zubaidi inaugurates several projects in Mahara

Yemen Deputy Foreign Minister Meets UN Envoy's Representative to Discuss Peace Efforts

Ambassador Eryani and German Official confer over developments in Yemen

PM admonishes C. bank governor to guard against currency devaluating practices by Houthis

[23/09/2019 02:00]

RIYADH-SABA
Prime Minister Maeen Abdulmalik has admonished the newly appointed governor of the central bank to guard against practices by the Sana'a-based Houthis that keep causing the Riyal to lose value.

In a meeting here today, Abdulmalik warned Ahmed al-Fadhli of the effect of speculation, laundering, counterfeiting and other misuses of money that have been hitting the national currency hard causing its devaluation.

He urged the bank to take measures to stem the adverse effects and keep the currency exchange rate stable to prevent further impacts on the Yemeni people suffering the consequences of the Houthi years long war.