Central bank begins affording foreign exchange to oil importers

State Minister for Women’s Affairs discusses enabling women with UN Envoy Office

Minister of State for Women’s Affairs, Dr. Ahd Jaasous discussed Tuesday with the Director of the Office of the UN Special Envoy to Yemen Bert Scott ways to strengthen coordination and joint cooperation to support women’s empowerment and enhance their role across various fields.

Arab League Calls for Confronting Rising Anti-Muslim Hate

The Arab League on Sunday called for intensified international efforts to confront the growing phenomenon of hate speech and discrimination against Muslims in order to prevent deeper divisions among religions and cultures.

Italian Industrial production falls 0.6 percent

Industrial production in Italy experienced an unexpected decline of 0.6 percent in January compared to December, according to seasonally and calendar-adjusted figures.

Saudi League: Al-Nassr, Al-Ettifaq and Neom Secure Victories Over Al-Ittihad, Damac and Al-Riyadh

Al-Nassr defeated its guest Al-Ittihad 2–0 in the match that brought them together at Al-Awwal Park Stadium in Riyadh, as part of the 21st round of the Saudi Professional League.

Last Update: ، 2026/03/17 Time 11:43:45
Latest News:

Local Administration Minister discusses with EU mission enhancing development projects

Yemen, Netherlands discuss human rights cooperation

Head of Customs Authority discusses with US Ambassador partnership in customs work

Minister of Culture Discusses with Goethe Institute Cultural Cooperation

Minister of Civil Service discusses strengthening institutional reform cooperation with British Ambassador

Central bank begins affording foreign exchange to oil importers

[28/09/2020 02:49]

ADEN-SABA
The central bank in the temporary capital Aden today began facilitating access to foreign exchange for importers of petroleum products as part of new regulations to limit illegal speculation with the Riyal currency.

In a statement, the bank it began affording the exchange to “the first batch of petroleum products importers as per the mechanism the bank has recently adopted at a preferential exchange rate.” Importers, under the mechanism, are required to deposit their proceedings in commercial banks in Yemeni Riyal to be next transferred to the central bank, with a view to limiting illegal currency speculation and achieve a stability in exchange rate.