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Last Update: ،
2026/10/13
Time
01:42:58
Latest News:
Prime Minister Urges Joining Efforts to Maintain Economic Stability, Basic Commodity Supplies
Three Children, Two Women Injured in Houthi Shelling on Residential Areas in Taiz
Prime Minister Praises Security Forces for Foiling Houthi Terror Plots in Aden, Lahj, Abyan
Vice Foreign Minister Reports to UN High Commissioner on Humanitarian Crisis in Yemen
Yemen's Ambassador Discusses with Chinese Official Developments in Yemen
Latest News:
Prime Minister Urges Joining Efforts to Maintain Economic Stability, Basic Commodity Supplies
Three Children, Two Women Injured in Houthi Shelling on Residential Areas in Taiz
Prime Minister Praises Security Forces for Foiling Houthi Terror Plots in Aden, Lahj, Abyan
Vice Foreign Minister Reports to UN High Commissioner on Humanitarian Crisis in Yemen
Yemen's Ambassador Discusses with Chinese Official Developments in Yemen
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 -
Al-Sharjabi Signs Agreement for Water Systems Enhancement Project in Taiz City
Prime Minister Urges Joining Efforts to Maintain Economic Stability, Basic Commodity Supplies
Three Children, Two Women Injured in Houthi Shelling on Residential Areas in Taiz
Prime Minister Praises Security Forces for Foiling Houthi Terror Plots in Aden, Lahj, Abyan
Vice Foreign Minister Reports to UN High Commissioner on Humanitarian Crisis in Yemen
Yemen's Ambassador Discusses with Chinese Official Developments in Yemen
Civil Service Ministry Announces Wednesday Holiday to Mark 63rd Anniversary of October 14 Revolution
Yemen Calls for Firm International Action Against Houthis
Coalition Says Cruise Missile Intercepted Near King Khalid International Airport
Yemen Religious Scholars Condemn Houthi Attack on King Khalid International Airport in Riyadh
