President al-Alimi: Dealing with Houthis as Authority of Fait Accompli Means Legitimizing Divine Right, Racism, Weapons Outside State
His Excellency President Dr. Rashad al-Alimi, Chairman of the Presidential Leadership Council (PLC) stated that any approach to put an end of the war in Yemen will never be successful, unless it deals with the Houthi militias as part of an Iranian cross-border scheme, and not as a local political party, warning that reducing any crisis of this kind to truces and arrangements for a ceasefire will lead to temporary risk management rather than building sustainable peace.
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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.
Oil price tops $100 a barrel
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Inter Milan a win away from Serie A title
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2026/05/16
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05:15:48
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Latest News:
Yemen’s Higher Education Minister Explores Academic Ties with Somalia, Libya
Economic Council Addresses Yemen’s Financial Crisis and Service Shortfalls
Breakthrough Deal Reached to Free 1,750 Detainees in Yemen
Yemeni Ambassador Meets Moroccan Parliament Deputy Speaker to Boost Legislative Ties
Meeting Discusses Country Program Document for UNDP for 2027-2029
Banaja: CBY grants 6 licenses to microfinance banks
[06/02/2023 12:25]
Mukalla – Saba
Deputy Governor of the Central Bank, Dr. Muhammad Banajah, stressed the importance of establishing microfinance banks that specialize in financing small projects whose owners are often young people and the most numerous groups of the labor force.
"The Central Bank of Yemen has recently granted licenses to 6 banks, some of which are existing and carrying out their activities, and some that are under opening," Banaja said at the inauguration ceremony of Al-Basiri Microfinance Bank, today, in the city of Mukalla, Hadramout Governorate.
He added, "The granting of licenses to these banks parallel to the establishment of large commercial banks comes to achieve a number of development goals, including raising the participation rate in the national economy for a wide category of the labor force, expanding the ownership base in society, optimal employment of human and material resources, achieving social stability and absorbing part of unemployment among among youth.
Deputy Governor of the Central Bank, Dr. Muhammad Banajah, stressed the importance of establishing microfinance banks that specialize in financing small projects whose owners are often young people and the most numerous groups of the labor force.
"The Central Bank of Yemen has recently granted licenses to 6 banks, some of which are existing and carrying out their activities, and some that are under opening," Banaja said at the inauguration ceremony of Al-Basiri Microfinance Bank, today, in the city of Mukalla, Hadramout Governorate.
He added, "The granting of licenses to these banks parallel to the establishment of large commercial banks comes to achieve a number of development goals, including raising the participation rate in the national economy for a wide category of the labor force, expanding the ownership base in society, optimal employment of human and material resources, achieving social stability and absorbing part of unemployment among among youth.
Key words:
establishment - participation - establishing - Microfinance - inauguration - unemployment - microfinance - development - Governorate - employment -
President al-Alimi: Dealing with Houthis as Authority of Fait Accompli Means Legitimizing Divine Right, Racism, Weapons Outside State
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