Yemeni government concludes talks with WB on financial policies

Al-Arada meets with the UN envoy's office, confirms support for UN efforts to successfully implement the agreement to release detainees

Member of the Presidential Leadership Council, the Governor of Ma'rib Sultan al-Arada met Tuesday with a team from the office of the Special Envoy of the Secretary-General of the United Nations to Yemen Hans Grundberg, headed by Radwa Mohammed Nour El-Din, an official in the Political Affairs Department.

Bahrain Says Air Defenses Intercepted and Destroyed Several “Treacherous” Iranian Air Attacks

The General Command of the Bahrain Defence Force announced on Thursday that Iran continues what it described as a systematic hostile approach through missile and drone attacks targeting civilians in the Kingdom of Bahrain.

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.

Paris Saint-Germain Crowned UEFA Champions League Winners

French club Paris Saint-Germain claimed the UEFA Champions League title after defeating Arsenal 4-3 in a penalty shootout following a 1-1 draw in the final held at Puskás Aréna in the Hungarian capital, Budapest.

Last Update: ، 2026/06/30 Time 09:19:28
Latest News:

Minister of Planning Discusses with Qatar Development Fund, Group (G7+) enhancing cooperation

Prime Minister Stresses Priority of Expanding Rural Water Services

Marib Deputy Governor, IOM Discuss Expanding Humanitarian Response Amid Growing Needs

Planning Minister Holds Separate Talks with Kuwaiti, German Officials

Defense Minister Chairs Exceptional Military Meeting to Review Field Developments and Combat Readiness

Yemeni government concludes talks with WB on financial policies

[03/06/2021 07:33]

ADEN - SABA
The final release of talks between the government of Yemen and World Bank's mission to Yemen issued by the Central Bank of Yemen's Technical Team confirmed that the war in Yemen led to sharp drop of the price of Yemeni Rial and rising food prices.

In the talks held through Video Conferencing started on May 24 and concluded Thursday June,3, a number of vital issues associated with cash and financial policies.

The conflict in Yemen during the past six years has demolished foundations of Yemen's economy and created severe humanitarian crisis affected 24 million Yemeni people accompanied by foreign support deterioration, exhausting of reserve of foreign currency and negative effect of corona pandemic, which led to reduction of expatriates' remittances, said the release.

The release pointed out that increasing of local resources will have significant results in realizing economic stability, stressing necessity of reconstructing institutional capabilities and improving government's policies and boosting governance and transparency to encourage foreign financial support.