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WFP Ship carrying aid arrives at Hodeidah port
[27 May 2018]
Human Rights Ministry condemns airstrikes on oil company in Sanaa
[27 May 2018]
PM calls on businessmen, wealthy to help insolvent prisoners
[25 May 2018]
UNICEF plane carrying vaccines arrives at Sanaa airport
[24 May 2018]
Football Tournament starts on Martyr President al-Sammad's Cup
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  Saudi Aggression War against Yemen
Army inflicts heavy losses upon Saudi mercenaries in Asir
[27 May 2018]
War inflicts $ 941 mln losses on Yemeni Red Sea Ports Corporation
[27 May 2018]
12 coalition air strikes target Saada
[27 May 2018]
Report: 17 killed, injured in 61 caution air strikes on several provinces
[27 May 2018]
Army repels Saudi mercenaries near Jizan
[27 May 2018]
 
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Report: 9 civilians killed in 64 Saudi-led airstrikes over 24 hours
[26 May 2018]
Yemeni Council launches its 1st report on coalition’s crimes in Saada.
[25 May 2018]
Report: Dozens of Saudi troop killed in Army’s offensive operations over 24 hour
[25 May 2018]
Report: 32 Saudi-led airstrikes hit Saada, Hodeidah on 24 hours
[25 May 2018]
Report: Army’s rocketry, artillery force targets Saudi troops over 24 hours
[24 May 2018]
 
  International
FM condemns war crimes of coalition against civilians in Sanaa
[27 May 2018]
Human Rights Ministry condemns airstrikes on oil company in Sanaa
[27 May 2018]
UN official: Air raids have killed large numbers of Yemeni civilians
[27 May 2018]
Yemeni parliament Speaker congratulates his Argentine counterpart on National Day
[24 May 2018]
Suffering of persons with disabilities in Yemen discussed
[24 May 2018]
  Economy
Issuing Islamic "sukuk" in lecture in Sana'a
[11/May/2010]
SANA'A, May 11(Saba) – A lecture on issuing Islamic sukuk (the Islamic equivalent of bonds) was organized here on Tuesday by the Yemeni Banks Association.

The lecture, attended by 40 specialists from the Central Bank of Yemen (CBY), Yemeni banks and the unity of the stock market and the relevant agencies, was carried out by the General Manager of the Stock Market in Khartoum Dr. Osman Khair, who is an expert in the International Monetary Fund (IMF) and delegated to assist the CBY in determining the structure and systems of the Islamic sukuk unit.

In the lecture, Dr. Khair reviewed Sudan's experience in issuing sukuk, through which the surpluses of Islamic banks are employed in financing infrastructure projects and various sectors of trade, health, education and other, which proved the success of this great experiment in contributing to the development process.

Yemen seeks to benefit from the brotherly and friendly countries' experiences in the field of issuing the Islamic sukuk, in forefront of which is Sudan.

The unit of Islamic sukuk in the CBY is currently studying the important projects that can be financed through these bonds, among them the projects of electricity in particular.

The CBY is now intensifying its efforts in cooperation with specialized Saudi, Arab and international finance institutions and organizations to speed up issuing the system of Islamic bonds in the Islamic and trade banks working in Yemen for the first time in the last quarter of this year, which will open a window for the Islamic banks to use their surpluses and at the same time saving funds for financing the projects of the socio economic plan in Yemen.

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UPDATED ON : Sun, 27 May 2018 02:26:53 +0300