Imminent Activation of Yemeni Outward Transfers via Domestic Banks

An emblem of the Central Bank of Yemen is seen on the bank's gate in Sana'a August 24, 2016. REUTERS/Khaled Abdullah
An emblem of the Central Bank of Yemen is seen on the bank's gate in Sana'a August 24, 2016. REUTERS/Khaled Abdullah
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Imminent Activation of Yemeni Outward Transfers via Domestic Banks

An emblem of the Central Bank of Yemen is seen on the bank's gate in Sana'a August 24, 2016. REUTERS/Khaled Abdullah
An emblem of the Central Bank of Yemen is seen on the bank's gate in Sana'a August 24, 2016. REUTERS/Khaled Abdullah

Yemeni commercial banks have been informed that outward transfers will be activated soon, but they are required to meet some simple conditions, the Central Bank’s Deputy Governor Khaled al-Abbadi said.

“Most Yemeni banks are responding positively and showing willingness to comply with the conditions and to perform their role,” Abbadi told Asharq Al-Awsat. Some of the conditions are: providing necessary data such as their budget, statistics and the plan to transform their headquarters to Aden in addition to other obligations.

When asked how the support for Yemen's commercial banks would benefit Yemeni citizens, he said the Central Bank’s move would provide sufficient liquidity for the financial system. Consequently, salaries would be paid on time, in addition to witnessing an increase in imports.

Abbadi affirmed that Yemen’s account in the US Federal Reserve would receive the whole revenues. Before opening the account, there were some challenges and obstacles. The first was represented in contacting the other party (Houthi and Saleh) and second tackling all US concerns and responding to all remarks.

His statement was made after he departed from Bank of England in London, when he asserted that he seeks restoring relations between the Yemen Central Bank and the Bank of England that has contributed 53 years ago in the establishment of the first central bank in the Arabian Peninsula.

Abadi added that a work plan has been agreed upon to re-normalize the Yemeni public account in the Bank of England. It is “the biggest account in sterling and we can carry out banking operations worldwide through it.”



Israel Carries Out Intense Airstrikes in Southern Lebanon, 1 Dead

Smoke rises after Israeli airstrikes near Nabatiyeh in southern Lebanon on June 27, 2025. (Photo by Rabih DAHER / AFP)
Smoke rises after Israeli airstrikes near Nabatiyeh in southern Lebanon on June 27, 2025. (Photo by Rabih DAHER / AFP)
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Israel Carries Out Intense Airstrikes in Southern Lebanon, 1 Dead

Smoke rises after Israeli airstrikes near Nabatiyeh in southern Lebanon on June 27, 2025. (Photo by Rabih DAHER / AFP)
Smoke rises after Israeli airstrikes near Nabatiyeh in southern Lebanon on June 27, 2025. (Photo by Rabih DAHER / AFP)

Israel’s air force carried out intense airstrikes on mountains overlooking a southern Lebanon city on Friday in an attack that the Israeli military said targeted Hezbollah underground assets.

The airstrikes came in two waves on the mountains overlooking Nabatiyeh and bunker buster bombs were used, Lebanon’s state-run National News Agency reported. There was no immediate information about casualties.

Since the 14-month Israel-Hezbollah war ended with a US-brokered ceasefire in November, Israel has carried out almost daily airstrikes on southern Lebanon. Friday’s strikes were more intense than usual.

The Israeli military said in a statement that its fighter jets struck a site used by Hezbollah to manage its fire and defense array in the area and is part of a significant underground project that was completely taken out of use.

The Israeli army said it identified rehabilitation attempts by Hezbollah beforehand and struck infrastructure sites in the area.

There was no comment from Hezbollah.

An Israeli drone also targeted on Friday an apartment in a two-story building in Nabatiyeh.

Lebanon's health ministry said a woman was killed and 11 other people were wounded in the strike.

"The Israeli enemy strike on an apartment in Nabatiyeh led to a preliminary toll of one woman killed and 11 people wounded," the ministry said in a statement carried by the official National News Agency.