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Hadi orders govt to restore food and services supply stability
[03/09/2018 10:03]
RIYADH-SABA
President Abd-Rabbu Mansour Hadi has ordered the government to take effective and urgent measures to restore the stability of food and services supply following this week's further devaluation of the Riyal from 550 to 600 against the US dollar and the soar of prices of basic commodities.

In a meeting of the national Economic Committee attended also by the Vice President and Prime Minister on Sunday evening, Hadi called for resuming oil and liquefied natural gas exports to bring in hard currency, an efficient collection of taxes, spending cuts and pay rise for civil servicemen among other measures to tackle the situation.

"We know the magnitude of the challenges, the economic impact of the Houthi militia's unrelenting war on the nation and confiscation of foreign cash reserves to finance the war. Nevertheless, we are not absolved from stepping up efforts to take tackling measures and start building a new economy right from scratch," he said.





Ministry of Transport: Militias' Endeavor to Target Oil Tanker at Mokha Port Poses Dangerous Threat to Maritime Safety
Armed Forces Carry Out Operations Against Houthi Positions Along Front Lines
National Defense Council Maintains Permanent Session, Orders Higher Readiness to Deter Houthi Attacks
Foreign Minister Discusses Implications of Recent Escalation by Houthi Terrorist Militia with UN Envoy
Ministry of Health: Two Killed,14 Injured in Preliminary Toll of Houthi Shelling on Residential Neighborhoods, IDP Camps in Marib
Arab League Condemns Houthi Attacks on Armed Forces Positions
Marib Deputy Governor Lays Foundation Stone for Three Korean Funded Water Projects
CYB Signs MoU with UNDP
Minister of Social Affairs Discusses with WFP Joint Coordination
Yemen's Ambassador Discusses Cooperation with AGSIW

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