Planning Minister Discusses with IFC Strengthening Partnership with Private Sector, Supporting Electricity Sector

Saudi Defense Minister Delivers Leadership Condolences Following Death of Former President Hadi

Saudi Defense Minister Prince Khalid bin Salman bin Abdulaziz conveyed the condolences of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, and Crown Prince and Prime Minister Prince Mohammed bin Salman bin Abdulaziz Al Saud on the death of former Yemeni President Field Marshal Abdrabbuh Mansur Hadi.

Pilgrims Continue Stoning Ritual on Final Day of Tashreeq

Pilgrims performing Hajj continued the ritual of stoning the Jamarat on Saturday, the third and final day of Tashreeq and the last day of the pilgrimage, as they made their way to the Jamarat Complex to cast pebbles at the three pillars, beginning with the Small Jamarah, followed by the Middle Jamarah, and concluding with Jamarat Al-Aqaba, in accordance with the tradition of Prophet Muhammad (peace be upon him).

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.

Inter Milan a win away from Serie A title

Inter Milan continued its successful march to reclaim the Italian football league title, despite drawing with its host Torino (2-2), in the conclusion of the 34th round of the competition.

Last Update: ، 2026/05/30 Time 05:26:26
Latest News:

Al-Alimi Receives Further Condolences on the Passing of Former President Hadi

UAE Leadership Extends Condolences to Leadership Council Chairman on Passing of Former President

Al-Subaihi, PM Receive Condolences in Aden on the Passing of Former President Abd-Rabu Mansour Hadi

President al-Alimi leads funeral procession of former President Abd-Rabu Mansour Hadi

Saudi Leadership Extends Condolences Over Death of Former Yemeni President Abdrabbuh Mansur Hadi

Planning Minister Discusses with IFC Strengthening Partnership with Private Sector, Supporting Electricity Sector

[15/04/2026 01:45]

WASHINGTON - SABA
Minister of Planning and International Cooperation, the Governor of Yemen to the World Bank Group, Dr. Afrah al-Zouba discussed Wednesday with the leadership of the International Finance Corporation (IFC) ways to strengthen public-private partnerships and develop investment projects in the electricity and energy sectors.

The meeting took place on the sidelines of the 2026 Spring Meetings of the World Bank Group and the International Monetary Fund.

Dr. al-Zouba reviewed the government’s strategic shift from relief-based efforts toward development-oriented work, emphasizing the importance of enhancing the role of the private sector in development and creating job opportunities for youth.

She noted that the Cabinet has approved the public-private partnership policy and established a specialized unit for this purpose within the Prime Minister’s Office, in addition to directing sector ministries to nominate pilot projects under this framework in preparation for a public-private partnership dialogue.

The Minister of Planning and International Cooperation also affirmed the unity of the internationally recognized Central Bank of Yemen, stressing the importance of maintaining this framework in dealings with international financial institutions in order to preserve economic stability in the Republic of Yemen.

Meanwhile, Minister of Electricity and Energy Eng. Adnan al-Kaf, speaking via video conference, reviewed the current state of the electricity sector, the gap between demand and available generation capacity, and the importance of early coordination with the Ministry of Electricity during all preparatory phases of energy projects to ensure success and achieve mutual benefit.

For their part, the IFC team presented the corporation’s projects in the electricity sector, including solar power generation projects and the development of bankable power purchase agreements to attract independent power producers, in addition to new financing products to support small and medium-sized enterprises.