Zemam, Hudramout businessmen discuss mechanism of open letters of credits for importing food stuffs

President al-Alimi Calls for International Efforts to Designate Houthi Militia as Terrorist Organization

Chairman of the Presidential Leadership Council Dr. Rashad Mohammed al-Alimi has formally called on UN Secretary-General António Guterres to support international efforts through the Security Council to designate the Houthi militia as a terrorist organization, enforce the arms embargo, cut off its funding and weapons supplies, and hold its supporters accountable.

GCC Secretary-General Welcomes UN Security Council’s Position on Houthi Attacks Against Saudi Arabia

The Secretary-General of the Gulf Cooperation Council (GCC) Jasem Albudaiwi has expressed his appreciation for the position conveyed by members of the United Nations Security Council in their presidential statement regarding the attacks carried out by the Houthi terrorist militia against the Kingdom of Saudi Arabia.

Brent Crude Futures Rise 12 Cents

Oil prices remained mostly unchanged in early Asian trading on Thursday following gains from the previous session and a sharp monthly increase.

Al Nassr Beat Al Fateh 3-0 in Saudi Football League

Al Nassr defeated Al Fateh 3-0 in the opening round of the Saudi Pro League, known as the Roshn Saudi League.

Last Update: ، 2026/10/19 Time 07:07:14
Latest News:

President al-Alimi Calls for International Efforts to Designate Houthi Militia as Terrorist Organization

GCC's Ministerial Council Confirms its Support for Yemen's Unity, Sovereignty, Calls for Designating ..

Yemeni Ambassador Discusses Escalating Houthi Threats with US Assistant Secretary of State

Zouba, Indonesian Deputy Foreign Minister Discuss Cultural and Educational Cooperation

Government Calls on Security Council to Condemn Houthi Escalation in Yemen

Zemam, Hudramout businessmen discuss mechanism of open letters of credits for importing food stuffs

[08/11/2018 07:03]

ADEN-SABA
Governor of Central Bank of Yemen (CBY) Dr Mohammed Zemam held meeting Thursday with a group of businessmen and investors of Hudramout province.

The session intended to discuss the new mechanism the CBY has opted to ease and facilitate procedures to open letters of credits to import basic food stuffs which are being subsidized through the $2billion Saudi deposit.

The needed amounts of foreign currency to cover imports of basic stuffs which total costs less than $200 thousands were also addressed.

The businessmen cited obstacles they have faced as they submitted their applications for first and second payments the CBY offered.

Zemam stated that former troubles have been overcome and new easy mechanism has been adopted, can be accomplished within less than three days by the bank's staff.