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Islamic Development Bank affirms its support for Yemen
The Islamic Development Bank (IsDB) stated that it will continue to stand with the Yemeni people through financing development projects in different fields.
Secretary-General of the Arab League calls for assisting Yemenis
(Saba)- Secretary-General of the Arab League A hmed Aboul-Gheit on Monday appealed to the international community and humanitarian organizations to immediately provide assistance and relief to Yemenis.
Wall Street Closing
U.S. stocks closed higher Wednesday after the Federal Reserve (Fed) took a less aggressive stance than expected.
Yemen reaches 124th place in FIFA's monthly ranking
The national football team has moved up one place in FIFA's new monthly ranking reaching the 124th as published by the FIFA on Thursday.
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Islamic Development Bank affirms its support for Yemen
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Central bank to announceinterest rate rise within hours
[17/09/2018 04:30]

ADEN-SABA
The central bank will announce a rise of interest rate within the coming hours to increase the demand for and, by extension, the value of the national currency, Riyal.

The planned rise was unveiled in a meeting held (in Aden on Monday) by the national Economic Committee composed recently of experts from the central bank and finance ministryfollowing the depreciation of the Riyalearly this month to more than 600 versus the US dollar down from 550 in the month before.

Bin-Daghr directed the finance ministry and the central bank to arrange $ 10 million to cover the Yemen oil company's needed funds to procure oil products.

He also ordered the central bank to maintain a daily exchange rate bulletin on the real average market value of the Riyal.




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