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.
Aden - Saba
A meeting chaired by Prime Minister Dr. Moeen Abdul-Malik reviewed quick executive measures to mitigate the effects of the severe economic decline and unprecedented price hikes on citizens, in parallel with discussions with counterparts in the Kingdom of Saudi Arabia, about the urgent and expected economic support package.
The meeting, which was held in the temporary capital Aden today, adopted temporary and urgent measures to mitigate the consequences of the rise in commodity prices as a result of the decline in the exchange rate of the national currency.
The meeting assigned the Ministry of Industry and Trade to prepare a comprehensive vision on this and present it urgently for discussion and approval, in addition to intensifying campaigns to monitor the prices of basic commodities.