Minister of Industry discusses price reductions with major traders, importers

PM praises China's significant support for Yemen

The Prime Minister Salem bin Braik greatly valued the supportive stances of the People's Republic of China in support of the internationally recognized Yemeni government, deeply appreciating the Chinese significant contribution to the development drive and humanitarian actions in Yemen.

Bulgaria Launches First Innovation Centre for Internal Security

Bulgaria's Prime Minister, Rosen Zhelyazkov, inaugurated the country's first innovation centre dedicated to internal security, AXON lab, at the Academy of the Interior Ministry on Friday. The centre focuses on training and applying modern technologies in law enforcement.

GDP grows 0.1 percent in Eurozone

The Gross Domestic Product (GDP) in the Eurozone recorded a growth rate of 0.1 percent during the second quarter of the current year 2025, while it increased by 0.2 percent in the European Union compared to the previous quarter.

Saudi Al-Hilal FC Eliminated from FIFA Club World Cup After 2-1 Defeat to Fluminense

Saudi Al-Hilal FC has been eliminated from the 2025 FIFA Club World Cup after suffering a 2-1 defeat to Fluminense FC from Brazil in the quarterfinals. The match was held at the Camping World Stadium in Orlando, Florida.

Last Update: ، 2025/08/03 Time 10:02:49
Latest News:

Minister of Industry discusses price reductions with major traders, importers

Prime Minister meets with Head of Security, Military Committee

Leadership Council Chairman Receives Turkish Ambassador

Governor of Shabwa Discusses Healthcare Support with Doctors Without Borders

Minister of Water Opens Consultative Workshop for Water Management Project in Tuban Valley

Minister of Industry discusses price reductions with major traders, importers

[03/08/2025 07:15]

ADEN - SABA
The Minister of Industry and Trade Mohammad al-Ashwal held elaborated meeting on Sunday with major traders and importers.

The meeting discussed reduction of prices, particularly for essential and consumer goods, in accordance with the new price changes.

During the meeting, attended by Deputy Minister of Industry Salem al-Wali, ministry undersecretaries and Abu Bakr Ba Ubaid Deputy Head of the Chamber of Commerce and Industry in Aden, Minister al-Ashwal emphasized the ministry's commitment to maintaining a good relationship with the private sector, which is a key partner in economic development.

He urgef need to feel a sense of national responsibility in reducing prices and considering the living conditions faced by citizens under the principle of "no harm and no harassment."

Al-Ashwal called on all traders, importers, and commercial agencies to issue new price lists for all food and consumer goods in line with the recovery of the national currency and exchange rates.

He indicated that a meeting would be held with the governor of the central bank to discuss measures for the recovery of the national currency and stabilization of exchange rates, as well as efforts to provide hard currency for importers.

He pointed out that the National Committee for Regulating Imports will play a significant and central role in organizing and providing essential food goods at competitive prices, and will work to rationalize and regulate imports to prevent the depletion of hard currency.

He praised the high national sense of responsibility shown by the private sector in addressing many critical junctures faced by the country.

For his part, the Deputy Head of the Chamber of Commerce emphasized the importance of this meeting with the Ministry of Industry, which serves as the true umbrella for the private sector.

He pointed out the necessity of working as a unified team to support currency stability and alleviate the difficult living conditions faced by citizens, while ensuring food security.