Hadi orders govt to restore food and services supply stability

Leadership Council Member Al-Aradah Discusses Political, Economic Developments with EU Ambassadors

Member of the Presidential Leadership Council, Major General Sultan al-Aradah, held talks today with ambassadors of European Union member states accredited to Yemen, focusing on recent political, economic, and humanitarian developments and avenues for strengthening bilateral cooperation.

German Chancellor Says Europe Must Stand Strong

German Chancellor Friedrich Merz has called on Europeans to strive for greater autonomy, emphasizing the need for Europe to defend itself using its own capabilities, given the shift in transatlantic relations.

China's foreign exchange reserves rise to $3.3991 trillion

China's total foreign exchange reserves made $3.3991 trillion at the end of last January, marking an increase of $41.2 billion, or 1.23 percent, compared to the end of December last year.

Saudi League: Al-Nassr, Al-Ettifaq and Neom Secure Victories Over Al-Ittihad, Damac and Al-Riyadh

Al-Nassr defeated its guest Al-Ittihad 2–0 in the match that brought them together at Al-Awwal Park Stadium in Riyadh, as part of the 21st round of the Saudi Professional League.

Last Update: ، 2026/02/16 Time 04:52:56
Latest News:

Coordinating Humanitarian Efforts of Relief Organizations in Wadi Hadramout Discussed

Child Shot Injured by Houthi Sniper in Taiz

Tariq Saleh: Hadhramaut the best example for coexistence, commitment to state institutions

President al-Alim confers with German Foreign Minister over bilateral relations, mobilizing international ..

Yemen's Human Rights Minister Discusses Cooperation with German Ambassador

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.