Shabwa Governor during his meeting with officials from the commercial and banking sectors: We will not allow citizens’ interests to be harmed
SMA NEWS – ATAQ
The Governor of Shabwa Governorate and Chairman of the Local Council, Awad Mohammed bin Al-Wazir, chaired an expanded meeting this morning with leaders from the commercial and banking sectors to discuss the current economic situation, review the challenges facing the local market, and take decisive measures to maintain price stability and protect citizens’ interests. The meeting was attended by the Director-General of Shabwa Police, Brigadier General Fouad Mohammed Al-Nasi, Acting Director of the Central Bank Branch, Abdulbasit Baqader, Director-General of the Industry and Trade Office, Fahd Saeed Al-Kuwaili, and Sheikh Hussein bin Thabet, Chairman of the Chamber of Commerce and Industry in the governorate.
At the beginning of the meeting, Governor bin Al-Wazir praised the pivotal and supportive role played by the commercial and banking sectors in supporting the local authorities, stressing the importance of joint coordination and standing together to confront the challenges imposed by economic changes at the national level.
Governor Awad bin Al-Wazir stressed that any practices or behaviors that would harm citizens or undermine their livelihoods would not be accepted. He emphasized that all necessary measures would be taken to protect the market from chaos and illegal speculation, especially in the foreign exchange market.
The Governor directed security agencies to quickly take decisive legal action against black market currency speculators, with a focus on qat suppliers, who are among the most prominent contributors to the turmoil in the foreign exchange market and the deterioration of the currency’s value.
Governor bin Al-Wazir also directed the Central Bank branch in the governorate, in coordination with the Office of Industry and Trade and the Chamber of Commerce, to work to cover the bills of major importers of basic commodities. This would contribute to the stability of the food supply market and ensure the availability of basic commodities at reasonable prices, in accordance with approved legal procedures.
In the same context, Governor bin Al-Wazir instructed the Office of Industry and Trade to evaluate the discounts offered by commercial companies that had recently undergone regulatory procedures and to work on everything that would serve citizens and achieve stability in the local market.
The meeting included a presentation of field reports and interventions from several officials. The Director of the Office of Industry and Trade, Fahd Al-Kuwaili, The Director General of Ataq District, Abdullah Al-Khalifi, presented a summary of the measures taken to control prices and monitor supplies, affirming their full commitment to the directives of the local authorities and coordination with the Central Bank to control the market.
For his part, the Director General of the Governorate Police, Brigadier General Fouad Mohammed Al-Nasi, presented a comprehensive report on security stability in the governorate, noting the role of the strict directives of the Governor, Chairman of the Security Committee, in preventing chaos and controlling black market manipulators, particularly qat and vegetable suppliers.
The Director General of the Yemeni Oil Company branch, Ahmed Mohammed Al-Shami, reviewed a report on the level of stability in the supply of petroleum products, highlighting the most prominent challenges related to the pricing mechanism for petroleum products, the circulars of the Executive Management to halt price fluctuations, and the difficulty of dealing with importers in foreign currency. He emphasized that efforts are being made with the Central Bank in Aden to address this issue and ensure stability in the oil market.
For his part, the President of the Chamber of Commerce and Industry, Sheikh Hussein bin Thabet, expressed his great appreciation for the ongoing cooperation with the local authorities, emphasizing that The commercial sector in Shabwa is a strategic partner in the process of construction, stability, and development. He called for continued coordination and integration to overcome challenges, facilitate trade, and provide goods and services.
Bin Thabet explained that Shabwa’s security and economic stability represent the cornerstone for attracting investment, enhancing the growth of local capital, and encouraging businessmen to expand their businesses within the governorate.
The meeting was attended by the Governor, along with the Director General of Information, Hussein Al-Rifai; the Director General of the Oil Company Branch, Ahmed Mohammed Al-Shami; the Director General of Ataq District, Abdullah Saleh Al-Khulaifi; the Secretary General of the Chamber of Commerce, Mahdi Salem Basahib; the Head of the Money Changers Syndicate, Sheikh Essam Al-Mashaba; and a number of prominent merchants, money changers, and economic and commercial actors in Shabwa Governorate.
