Central Bank discusses establishing fast payment company

Minister Dammaj, Princess Dana Initiate International Workshop on Controlling Illicit Trafficking of Yemeni Cultural Properties

The Minister of Culture and Tourism Eng. Motea Damaj and the Chairwoman of the Jordanian National Heritage Fund, Chairwoman of the International Council on Monuments and Sites (ICOMOS) - Jordan and UNESCO Goodwill Ambassador for Cultural Heritage, Princess Dana Firas and the Representative of the American Foundation Zaydon Zayed initiated today, Saturday, in Amman, an international workshop on combating the illicit trafficking of Yemeni cultural property.

Second Day of International Media Forum on Islamic Civilization Kicks Off in Tashkent

The second day of the International Media Forum “Islamic Civilization: A New Perspective – New Discoveries” commenced today, Wednesday, at the Center for Islamic Civilization in the Uzbek capital, Tashkent.

German Exports Rise 3.9 Percent

The total of German exports increased by 3.9 percent during the first half of 2026 compared to the same period last year, reaching 817.8 billion euros.

Al Nassr Beat Al Fateh 3-0 in Saudi Football League

Al Nassr defeated Al Fateh 3-0 in the opening round of the Saudi Pro League, known as the Roshn Saudi League.

Last Update: ، 2026/08/30 Time 07:50:57
Latest News:

Amb. al-Maitami Celberate Yemeni-Chinese Relations

Yemen Participates in Opening of 63rd Damascus International Fair

King Salman Humanitarian Aid Centre Launches Distribution of More Than 3,640 Food Baskets in Taiz

Foreign Minister Arrives in Doha on Second Stop of Gulf Tour

Yemen’s Deputy Foreign Minister for Political Affairs Discusses Bilateral Relations with Somali Counterpart

Central Bank discusses establishing fast payment company

[10/07/2025 06:22]

ADEN - SABA
Governor of the Central Bank of Yemen Ahmed Ghaleb, discussed in a meeting for the bank on Thursday several measures related to banking operations in Yemen.

The meeting, which included representatives from banks, addressed the establishment of a Fast Payment Company aimed at enhancing the role of banking in executing financial transactions.

This initiative is expected to accelerate and facilitate banking operations and is considered a fundamental requirement for implementing a digital payments and settlements system within the Yemeni banking system, with support from the World Bank.

The meeting also discussed the restructuring of the Unified Network Company, increasing its capital, and ensuring banks receive a larger share of their stake.

The management of the network is to be handed over to banks, with an expansion of its functions and operational scope.

The discussions included enhancing compliance measures for banks and exchange companies to facilitate international transactions between Yemen and the international community, especially in light of the designation of the Houthi militias as a global terrorist organization by the United States and other countries.