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

Minister of Electricity discusses with Advisor to UN Envoy electricity problems

Minister of Electricity and Energy Eng. Adnan al-Kaf discussed today, Thursday, in the temporary capital Aden, with the Economic Advisor at the Office of the Special Envoy of the UN Secretary-General to Yemen, Dirk Jan, the situations of the electricity sector.

Arab League Calls for Confronting Rising Anti-Muslim Hate

The Arab League on Sunday called for intensified international efforts to confront the growing phenomenon of hate speech and discrimination against Muslims in order to prevent deeper divisions among religions and cultures.

Italy budget deficit at 3 percent

Italy recorded a deficit in its general budget of 3.1 percent of GDP in 2025, thus exceeding the ceiling set by the European Union at 3 percent.

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: ، 2026/04/10 Time 02:45:29
Latest News:

President al-Alimi: Houthi militia’s hostile approach makes regaining state institutions priority

Prime Minister discusses strengthening bilateral relations with Dutch Ambassador

Minister of Transport discusses with Advisor of UN Envoy transportation businesses

Musawah Organization: Houthi Militias Kidnap 9 Civilians in Dhamar in 24 Hours

Leadership Council discusses mechanisms for responding to repercussions of local, regional developments

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.