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2026/08/30
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11:37:32
Latest News:
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Latest News:
Naval Forces Foil Smuggling of Iranian Drone Components Bound for Houthis
Prime Minister Launches National Health Strategy 2026–2030, Calls for Sustainable Health System
Aden Governor Discusses Economic Stability Efforts with UN Envoy’s Economic Adviser
Al-Muharrami Meets Planning Minister, Stresses International Partnerships and Reform Support
Minister of State for Women’s Affairs Discusses Support for National Women’s Strategy with UN Envoy’s ..
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 -
Minister al-Sharjabi Discusses with UNDP Strengthening Partnership, Developing Water and Environmental Projects
Naval Forces Foil Smuggling of Iranian Drone Components Bound for Houthis
Prime Minister Launches National Health Strategy 2026–2030, Calls for Sustainable Health System
Aden Governor Discusses Economic Stability Efforts with UN Envoy’s Economic Adviser
Al-Muharrami Meets Planning Minister, Stresses International Partnerships and Reform Support
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