On January 12, 2025, Yemeni President Rashad Al-Alimi instructed the Central Organization for Control and Auditing (COCA) to expedite the review of all ministries' accounts. During his meeting with COCA head Judge Abu Bakr Hussein Al-Saqqaf, reports on institutional performance and strategies ...
ADEN, Yemen — On January 6, 2025, Mohammed Banajah, Deputy Governor of the Central Bank of Yemen, emphasized that Islamic sukuk are not merely financial instruments but essential pillars for achieving financial and monetary balance. This statement was made during a meeting he chaired at t...
The Financial Times reported that the ousted Syrian president Bashar al-Assad's regime transferred approximately $250 million in cash to Moscow between 2018 and 2019, while his family secretly acquired assets in Russia. According to an analysis of banking records, the funds were delivered t...
On December 11, 2024, the Central Bank of Yemen, based in the temporary capital of Aden, announced the official implementation of the International Bank Account Number (IBAN) system for local and international money transfers. The announcement was made during a comprehensive meeting organized b...