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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.





Torrential rains in Taiz cause deaths of 15 people, widespread material losses
Houthi terrorist militias bombard IDP camp south of Hodeida
Minister of Interior praises American support for Yemeni security services
Minister of Planning discusses with WB joint efforts to expand development support
Minister of Electricity seeks American support for electivity
Vice Foreign Minister holds meeting with Yemeni Ambassadors to Arab countries
Yemen reiterates its full solidarity with Arab countries against Iranian aggressions
Governor of Mahra convenes meeting of Emergency Committee to deal with weather depression
Minister al-Sharjabi discusses with UNOPS Representative water, sanitation proiects
Minister of Public Works discusses with UNOPS representative road, infrastructure projects

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