Foreign Minister Discusses with Arab Ambassadors in Berlin Ways to Boost Coordination and Counter Houthi Escalation
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European Commissioner for Technological Sovereignty, Security and Democracy, Hana Verkonen, announced that the European Union (EU) has allocated 525 million euros to support startups in the field of chip design.
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Last Update: ،
2026/11/06
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03:44:12
Latest News:
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Latest News:
Foreign Minister Calls on German MPs to Designate Houthi Militias Terrorist Organization
Yemen Participates in 2026 Women's Economic Empowerment Forum in Paris
Amb. al-Sunaini Informs Japan's Deputy Foreign Minister on Developments in Yemen
Yemen FM Warns of Iran-Backed Houthi Cross-Border Destabilization Project
Coalition Intercepts and Destroys Houthi Ballistic Missile Fired Toward Madinah
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.
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.
Key words:
SABA President - Nevertheless - confiscation - devaluation - unrelenting - commodities - challenges - collection - servicemen - government -
Foreign Minister Discusses with Arab Ambassadors in Berlin Ways to Boost Coordination and Counter Houthi Escalation
Foreign Minister Calls on German MPs to Designate Houthi Militias Terrorist Organization
Yemen Participates in 2026 Women's Economic Empowerment Forum in Paris
Amb. al-Sunaini Informs Japan's Deputy Foreign Minister on Developments in Yemen
Yemen FM Warns of Iran-Backed Houthi Cross-Border Destabilization Project
Coalition Intercepts and Destroys Houthi Ballistic Missile Fired Toward Madinah
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