Economy
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Economist: Customs Dollar Hike Worsens Yemenis’ Livelihoods
Waqeef stressed that the government's disregard for enormous foreign currency expenditures and its failure to enact austerity policies or spending…
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Yemeni Government Urges Saudi Arabia and UAE for Urgent Financial Support to Avert Economic Collapse
According to the official Yemeni News Agency, the Cabinet reviewed emergency measures being taken to contain the crisis. These include…
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Yemeni Cabinet Approves Domestic Gas Production Project in Hadramout
The Cabinet approved the final agreement for a domestic gas production project in Hadramout Governorate. This comes as part of…
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UN Program Warns of Desertification Threats to Yemen’s Farmland
Recent data shows that nearly 97% of Yemen’s farmland is at risk of desertification, with the country losing 3% to…
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UN Security Council Extends Reports on Houthi Red Sea Attacks
The Council adopted the resolution with 12 votes in favor and 3 abstentions (Algeria, China, and the Russian Federation), meaning…
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Houthis Issue New Currency; Central Bank Warns of “Militia Frenzy” and Repercussions
The Houthi-controlled branch of the Central Bank in Sana'a stated that the new currency would begin circulation tomorrow, Wednesday, alongside…
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European Union Rejects Houthi Coin Minting, Calls it “Illegal Counterfeiting”
The European Union emphasizes that unilateral decisions that could further divide the Yemeni economy, undermine the banking sector, and jeopardize…
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Fears of US Sanctions Push Oldest Yemeni Bank to Leave Sana’a
The bank stated that the decision to relocate was made in line with the steps taken by other banks and…
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Yemen’s “Al-Islah Party” in Taiz Warns of Economic Deterioration and Calls for Urgent Water Crisis Solution
The party urged the local authority to treat the water crisis in Taiz as an "emergency," and to establish a…
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China Reaffirms Support for Yemen’s Recovery and Reconstruction Efforts
Minister Al-Zindani affirmed the Yemeni government's commitment to developing relations with the People's Republic of China, appreciating China's supportive stances…
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