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2026/08/16
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Latest News:
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Latest News:
A3 Reaffirms Support for Yemen’s Sovereignty, Unity and Territorial Integrity
Pakistan: Houthi Attacks Threaten Regional Security, Freedom of Navigation and Global Commerce
National Commission Investigates Houthi Attacks on Mokha Port and City
Yemen Condemns Escalating Israeli Settler Attacks on Palestinians in West Bank
Bahrain Urges Security Council to Take Firm Action Against Houthis, Reaffirms Support for Presidential ..
Minister: The coming days will witness an economic breakthrough
[21/12/2021 04:58]
Aden - Saba
The Minister of Industry and Trade, Muhammad Al-Ashwal, said that the coming days will witness a breakthrough in the economic situation in the liberated governorates, and that the gradual recovery of the local currency, the Yemeni riyal against foreign currencies, is a positive indicator that reflects the importance of the decision of His Excellency President Abd-Rabbu Mansour Hadi, regarding replacing the Board of Directors the Central Bank of Yemen in the temporary capital Aden.
In a statement to the Yemeni News Agency (Saba), Minister Al-Ashwal affirmed the keenness of the government and the Ministry of Industry and Trade to overcome all difficulties and implement a package of possible measures to avoid the accelerating collapse of the local currency, noting that the Prime Minister, Dr. Maeen Abdulmalik, held several emergency sessions to discuss the general situation and form an economic committee to study solutions to limit the continuation of the catastrophic economic and financial deterioration, and the accompanying large rise in commodity prices.
The Minister of Industry called on the merchants and the Chamber of Commerce and Industry to respond to the current data and the new price changes and to reduce the prices of commodities.
The Minister of Industry and Trade, Muhammad Al-Ashwal, said that the coming days will witness a breakthrough in the economic situation in the liberated governorates, and that the gradual recovery of the local currency, the Yemeni riyal against foreign currencies, is a positive indicator that reflects the importance of the decision of His Excellency President Abd-Rabbu Mansour Hadi, regarding replacing the Board of Directors the Central Bank of Yemen in the temporary capital Aden.
In a statement to the Yemeni News Agency (Saba), Minister Al-Ashwal affirmed the keenness of the government and the Ministry of Industry and Trade to overcome all difficulties and implement a package of possible measures to avoid the accelerating collapse of the local currency, noting that the Prime Minister, Dr. Maeen Abdulmalik, held several emergency sessions to discuss the general situation and form an economic committee to study solutions to limit the continuation of the catastrophic economic and financial deterioration, and the accompanying large rise in commodity prices.
The Minister of Industry called on the merchants and the Chamber of Commerce and Industry to respond to the current data and the new price changes and to reduce the prices of commodities.
Key words:
deterioration - breakthrough - accelerating - continuation - difficulties - catastrophic - accompanying - governorates - commodities - government -
UK Warns of Dangerous Houthi Escalation, Reaffirms Commitment to Yemen’s Sovereignty
A3 Reaffirms Support for Yemen’s Sovereignty, Unity and Territorial Integrity
Pakistan: Houthi Attacks Threaten Regional Security, Freedom of Navigation and Global Commerce
National Commission Investigates Houthi Attacks on Mokha Port and City
Yemen Condemns Escalating Israeli Settler Attacks on Palestinians in West Bank
Bahrain Urges Security Council to Take Firm Action Against Houthis, Reaffirms Support for Presidential Leadership Council
Government: We'll Not Accept Blackmail and bullying Approach, Yemen's Stability Key Guarantee for Regional, Global Security
Amb. Mujalli, Polish Official Discusses Houthi Threats in Red Sea
Amb. al-Sunaini Praises Japan's Support for Yemen
Coast Guard Destroy Three Houthi Boats Loaded with Explosives in Red Sea
