Yemen and China signed a protocol on inspection and health requirements for Yemeni seafood exports to China, strengthening economic cooperation between the two nations.
The People's Bank of China announced last Tuesday that it would conduct a direct reverse repurchase operation worth 600 billion yuan (approximately 84.48 billion US dollars) today, Wednesday, in order to maintain ample liquidity in the banking system.
New mechanism approved for distributing oil products in Marib
[04/10/2021 02:54]
MARIB – SABA
An expanded meeting held today in Marib approved a new mechanism for supplying oil derivatives to the local market in Marib, preventing fraud and controlling the distribution process to ensure that citizens obtain fuel at the official price.
The meeting, which was chaired by deputy governor, Dr. Abd-Rabbu Miftah and other local officials ordered the ban of the exit of any quantity of fuel from each district with the aim of smuggling them to the black market in order to tamper with the citizens' needs of these derivatives.
The meeting disallowed the transfer of any fuel from districts without an official permit.
The meeting approved the establishment of a joint operations room between the oil company and the local authorities to follow up the process of distribution, branching and selling of oil derivatives and solving problems that may arise on time.