Minister of Industry discusses with Secretary-General (UNCTAD) enhancing cooperation
Minister of Industry and Trade Mohammed al-Ashwal discussed Saturday with the Secretary-General of the United Nations Trade and Development Organization (UNCTAD) Rebecca Greenspan ways to enhance bilateral cooperation and support sustainable development in Yemen.
Bulgaria's Tourism Minister Emphasizes Sustainable Development
Bulgaria's Tourism Minister Miroslav Borshosh emphasized the importance of integrating the tourism sector into blue and green economies to ensure sustainable development and environmental protection. Speaking at the Black Sea 2030: Partnership for a Sustainable Future International Forum, Borshosh highlighted the need for joint efforts among the state, local authorities, and businesses to protect the coastline and stimulate innovation.
Turkish Central Bank lowers interest rate to 39.5 percent
The Central Bank of Turkey lowered today, Thursday, the interest rate by 100 basis points from 40.5 percent to 39.5 percent on one-week repo operations.
Morocco wins Under-20 Youth World Cup title
The Moroccan national team won the FIFA U-20 World Cup title after defeating Argentina 2-0 in the final of the tournament hosted by Chile.
User Name: Password:
Yemen, Arab Monetary Fund sign agreement worth one billion dollars
[27/11/2022 01:53]

Riyadh – Saba
Yemen signed an agreement with the Arab Monetary Fund to support a comprehensive economic, financial and monetary reform program for Yemen, worth one billion dollars.

The agreement was signed by Finance Minister Salem bin Breik, Governor of the Central Bank of Yemen Ahmed Ghaleb Al-Maabqi, and Director General and Chairman of the Board of Directors of the Arab Monetary Fund, Dr. Abdul Rahman Al-Hamidi, in the presence of Saudi Finance Minister Muhammad Al-Jadaan, and the Kingdom’s ambassador and general supervisor of the Saudi Program for the Development and Reconstruction of Yemen Muhammad Al Jaber.

The program aims to establish the foundations of economic, financial and monetary stability in Yemen, strengthen the state’s public finances and external position, rebuild its institutions and enhance its governance and transparency, in order to create the macroeconomic environment to expand and diversify the productive base, promote comprehensive and sustainable economic growth, and create job opportunities, leading to placing the Yemeni economy on a more sustainable track, advancing the process of economic and social development, and reducing unemployment and poverty rates.

Finance Minister Salem bin Breik stressed, in a press conference after the signing, the importance this program in implementing economic reforms in the matrix, raising and mobilizing resources and building capacities in the finance ministry or the central bank, and it also contributes to raising oil and non-oil revenues, which will be reflected in the Yemeni economy.


Four Civilians Killed or Injured in Houthi Landmine Explosion in Hodeidah
Leadership Council Chairman Leaves Aden to Lead High-Level Consultations with Stakeholders
Al-Eryani welcomes UN decision to evacuate its foreign employees from Sanaa, calls for protection of local employees
Chargé d'Affaires Ba'akr Discusses Economic Cooperation with Syrian Minister
Ambassador Al-Sunaini Discusses Enhanced Cooperation with Japanese Official
Leadership Council Member Meets French Ambassador
Tariq Saleh: We Are Developing Military Capabilities in Land and Sea
Health Minister Opens Indian Consular Office in Aden
Government condemns inciting campaigns of terrorist Houthi militias against UN staff
Health Minister seeks sustainable Indian health partnership

About Saba News Agency | Usage Agreement | Contact Us