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Last Update: ،
2026/08/26
Time
09:38:35
Latest News:
Interior Minister Discusses Security Cooperation With U.S. Acting Ambassador
Parliament Speaker Meets With Chargé d' Affaires of Chinese Embassy
Bahrain's Crown Prince Receives Foreign Minister, Letter From President al-Alimi
Prime Minister Praises British Support For Yemen
Foreign Minister Begins Gulf Tour in Bahrain
Latest News:
Interior Minister Discusses Security Cooperation With U.S. Acting Ambassador
Parliament Speaker Meets With Chargé d' Affaires of Chinese Embassy
Bahrain's Crown Prince Receives Foreign Minister, Letter From President al-Alimi
Prime Minister Praises British Support For Yemen
Foreign Minister Begins Gulf Tour in Bahrain
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, Her Bahraini Counterpart Discuss Joint Coordination
Interior Minister Discusses Security Cooperation With U.S. Acting Ambassador
Parliament Speaker Meets With Chargé d' Affaires of Chinese Embassy
Bahrain's Crown Prince Receives Foreign Minister, Letter From President al-Alimi
Prime Minister Praises British Support For Yemen
Foreign Minister Begins Gulf Tour in Bahrain
Al-Sharjabi Discusses with German Ambassador Strengthening Cooperation in Water and Environmental Affairs
President al-Alimi Orders Crackdown on Smuggling, Curb War-Economy
Yemeni Embassy Official, Mombasa Governor Discuss Strengthening Bilateral Cooperation
Yemen Participates in Regional Maritime Law Enforcement Dialogue in Nairobi
