STC Secretariat Reviews External Diplomatic Performance and Southern Community Movement Calling for Declaration of South Arabia State
The General Secretariat of the Presidency of the Southern Transitional Council (STC) held its regula...
Al-Muharrami Stresses Key Role of Private Sector in Stabilizing Currency and Growing Economy
Mr. Abdulrahman Al-Muharrami, Deputy President of the Southern Transitional Council (STC) and member of the Presidential Leadership Council (PLC), reaffirmed the pivotal role of the private sector in strengthening the national economy and development in the country, stressing the need to activate a joint coordination mechanism between the government and the private sector to ensure the stability of the national currency and boost economic growth.
These remarks came during an expanded meeting he held today, Thursday, at the Presidential Palace in the capital, Aden, in the presence of the Minister of State, the Governor of Aden, Mr. Ahmed Hamed Lamlas, the Deputy Minister of Industry and Trade, Mr. Salem Al-Wali, the Head of the Tax Authority, Dr. Jamal Saroor, the Head of the General Authority for Standards and Metrology, Eng. Hadid Al-Maas, and the Head of the Aden Chamber of Industry and Commerce, Mr. Abubakar Ba'abad, alongside a number of financiers, businessmen, and representatives of the private sector.
The meeting discussed the current economic conditions and challenges facing local markets and ways to ensure the steady flow of essential commodities and stabilize their prices, in addition to enhancing the collaboration between the public and private sectors to address economic variables.
Mr. Al-Muharrami praised the national role of businessmen in supporting the economy and alleviating humanitarian suffering, lauded the efforts of the Central Bank in maintaining currency stability, and gave directives to continue coordination to ensure the protection of citizens' purchasing power and the sustainable availability of goods in the markets.
The meeting concluded with representatives of the private sector affirming their commitment to support economic stability, share their ideas, and respond responsibly to economic developments in a manner that preserves the value of the national currency and limits its impact on citizens' livelihoods.
