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

Amb. al-Eryani Confers with German Expert over Developments in Yemen

The Ambassador of the Republic of Yemen to the Federal Republic of Germany Lou'ay al-Eryani met today, Friday, with the German politician and researcher specializing in Middle East and Arab world affairs, Michael Lüders, to discuss the latest developments in Yemen and the region.

Second Day of International Media Forum on Islamic Civilization Kicks Off in Tashkent

The second day of the International Media Forum “Islamic Civilization: A New Perspective – New Discoveries” commenced today, Wednesday, at the Center for Islamic Civilization in the Uzbek capital, Tashkent.

Gold Rises Over 1 Percent

Gold prices rose more than one percent today, Thursday, as investors digested the U.S. interest rate hike and hints of further monetary tightening, while the rally in oil prices came to a halt.

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: ، 2026/09/19 Time 04:17:18
Latest News:

Acting Yemeni Ambassador to Bulgaria: Security of Red Sea, Bab al-Mandeb Shared International Interest

Houthi Militants Kill Three Children In Taiz

Education Minister Signs Strategic Partnership with World Food Program to Strengthen School Feeding in ..

Minister of Legal Affairs Discusses with WB Support for Legal Capacities

Amb. Nagi Discusses with Hungarian Official Developments 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.