Economy
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Yemeni Central Bank Suspends Licenses of 13 Exchange Companies for Violations
The Bank affirmed that the decision was based on the findings of a field inspection report from the Banking Supervision…
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Yemeni Cabinet Discusses Economic Situation, Approves Measures to Counter Currency Decline
Regarding the economic situation, the Cabinet discussed coordinated plans with the Central Bank to counter the deteriorating exchange rate, alleviate…
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Parliamentary Committee Continues Oversight Duties in Marib, Emphasizes Importance of Oil Sector Recovery
It is worth noting that the Yemeni House of Representatives approved the formation of three field parliamentary committees in early…
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Washington Imposes New Sanctions on Houthi-Linked Individuals and Entities
The Treasury Department affirmed that this step is part of ongoing efforts to "disrupt the financial networks supporting Ansar Allah…
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US Sanctions Oil Smuggling Network Linked to Houthis
The US Department of the Treasury stated in a press release that the two individuals and five entities sanctioned on…
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IOM and Japan Launch Project to Support Vocational Training and Youth Empowerment in Yemen
Approximately 3,000 young men and women are expected to benefit from the vocational training, including over 700 IDPs. Additionally, 220…
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Taiz Governor Discusses Strengthening Sustainable Humanitarian and Development Interventions with Swiss Agency
The governor also expressed the local authority’s readiness to provide all necessary support to facilitate the agency’s programs. He called…
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Central Bank of Yemen Relocates Deposit Insurance Corporation to Aden, Bolstering Banking Sector Stability
The decision mandates all relevant authorities to comply with the relocation immediately, with implementation beginning from the date of issuance.…
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UN Envoy Criticizes Houthi Issuance of New Currency
The Central Bank of Yemen in Aden condemned the move as a "destructive and reckless act," warning of its negative…
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Western Embassies Condemn Houthi Issuance of New Currency, Call it “Illegal”
The Houthi group had announced on Tuesday the issuance of a new 200-riyal banknote and the start of its circulation…
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