Yemen, UN sign MOU on maritime insurance

Leadership Council Member Al-Aradah Discusses Political, Economic Developments with EU Ambassadors

Member of the Presidential Leadership Council, Major General Sultan al-Aradah, held talks today with ambassadors of European Union member states accredited to Yemen, focusing on recent political, economic, and humanitarian developments and avenues for strengthening bilateral cooperation.

German Chancellor Says Europe Must Stand Strong

German Chancellor Friedrich Merz has called on Europeans to strive for greater autonomy, emphasizing the need for Europe to defend itself using its own capabilities, given the shift in transatlantic relations.

China's foreign exchange reserves rise to $3.3991 trillion

China's total foreign exchange reserves made $3.3991 trillion at the end of last January, marking an increase of $41.2 billion, or 1.23 percent, compared to the end of December last year.

Saudi League: Al-Nassr, Al-Ettifaq and Neom Secure Victories Over Al-Ittihad, Damac and Al-Riyadh

Al-Nassr defeated its guest Al-Ittihad 2–0 in the match that brought them together at Al-Awwal Park Stadium in Riyadh, as part of the 21st round of the Saudi Professional League.

Last Update: ، 2026/02/16 Time 03:01:07
Latest News:

Coordinating Humanitarian Efforts of Relief Organizations in Wadi Hadramout Discussed

Child Shot Injured by Houthi Sniper in Taiz

Tariq Saleh: Hadhramaut the best example for coexistence, commitment to state institutions

President al-Alim confers with German Foreign Minister over bilateral relations, mobilizing international ..

Yemen's Human Rights Minister Discusses Cooperation with German Ambassador

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.