Yemen, UN sign MOU on maritime insurance

Official source denies suspending flights through Aden International Airport

An authorized government source repudiated the circulated reports regarding the issuance of government directives to close Aden International Airport to air traffic, affirming that the government has not issued any directives to close the airport, nor there is any such decision issued by the leadership of the Coalition to Support Legitimacy.

Massive 7.0 Magnitude Earthquake Strikes Alaska, USA

A powerful 7.0 magnitude earthquake struck Alaska, USA, yesterday evening, according to the United States Geological Survey (USGS).

China's ETF market hits record $855.6

The combined scale of China's exchange-traded funds (ETFs) has hit a record 6.02 trillion yuan ($855.6 billion), up more than 2.2 trillion yuan from the end of last year, Shanghai Securities News reported Saturday, citing data from Choice, a financial information provider.

Arsenal defeats Brighton and strengthens its lead in the English Premier League

Arsenal defeated Brighton 2-1 in their match at the Emirates Stadium as part of the 18th round of the English Premier League.

Last Update: ، 2026/01/02 Time 07:22:26
Latest News:

Ambassador Jumeih: UNESCO Sent Monitoring Mission to Socotra Following Reports of Violations World Heritage ..

Leadership Council Chairman Warns Against Undermining Sovereign Decisions

EU says Hadramaut and Al Mahra developments threaten to bring risks to Gulf region

Yemeni Ambassador Discusses Yemen's Developments with Bahraini Official

Morocco Reaffirms Support for Yemen's Stability and Unity

Yemen, UN sign MOU on maritime insurance

[13/08/2023 04:37]

ADEN-SABA
Minister of Transport Abdulsalam Humaid signed Sunday here with the UN Secretary General Assistant, the Regional Director of UNDP Abdullah al-Dardary an initial Memo of Understanding on reducing maritime insurance cost on ships coming to Yemeni ports in liberated provinces.

According to the memo, an insurance deposit shall be deposited in the Insurance Protection Club in London for reducing insurance fees on ships and steamers after the fees increased 16 times over the war and classifying Aden Port of high dangers.
The final agreement will be signed early September of this year.

Minister of transport made it clear that the agreement comes on the basis of Council of Ministers' decision for 2023 regarding approval of insurance deposit worth USD 50 million in cooperation with UNDP to reduce war dangers insurance fees on ships and steamers coming to Yemeni liberated ports.

For his part, the UN official made it clear that the UN supports all plans and projects for reconstruction and realizing economic revival and development in Yemen, as well as transferring from survival stage into development in different domains.

He pointed out that transport sector is prime foundation for improving Yemen's economy and signing the initial agreement will help reduce costs of import and eventually reduce prices of food goods to Yemeni people.