Central Bank discusses establishing fast payment company

Defense Minister discusses security, military developments

Defense Minister Major General Dr. Mohsen al-Daeri discussed Thursday with British Ambassador to Yemen Abda Sharif latest developments in security and military situations and ways to enhance cooperation in training and qualification.

Bulgaria Launches First Innovation Centre for Internal Security

Bulgaria's Prime Minister, Rosen Zhelyazkov, inaugurated the country's first innovation centre dedicated to internal security, AXON lab, at the Academy of the Interior Ministry on Friday. The centre focuses on training and applying modern technologies in law enforcement.

Foreign currency reserves in Egypt increase up to $49.036 billion

The Central Bank of Egypt announced an increase in the net foreign currency reserves to $49.036 billion by the end of July 2025, compared to approximately $48.700 billion at the end of June, with an increase of $336 million.

Saudi Al-Hilal FC Eliminated from FIFA Club World Cup After 2-1 Defeat to Fluminense

Saudi Al-Hilal FC has been eliminated from the 2025 FIFA Club World Cup after suffering a 2-1 defeat to Fluminense FC from Brazil in the quarterfinals. The match was held at the Camping World Stadium in Orlando, Florida.

Last Update: ، 2025/08/09 Time 12:38:05
Latest News:

President al-Alimi meets with the leaders of the National Coalition of the Political Parties

United States Praises Yemeni Security Forces for Interdicting Large Quantity of Hashish

Presidential Council Member Reviews Efforts to Operate Aden Refineries and Secure Fuel for Electricity

Maj. General al-Zubaidi warns of cooperation between Houthi militias and Somalis Shabab movement, al-Qaeda

FM, South Africa Ambassador discuss joint cooperation

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.