• Category: Economy
Houthi-Imposed Levies Cripple Yemen’s Private Sector, Deepen Market Recession

Houthi-Imposed Levies Cripple Yemen’s Private Sector, Deepen Market Recession

SANA’A — The private sector in Houthi-controlled areas is reeling under the weight of escalating illegal levies and arbitrary financial…

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Yemenia Airways Begins Selling Tickets in National Currency Amid Economic Reforms

Yemenia Airways Begins Selling Tickets in National Currency Amid Economic Reforms

Aden,— Yemenia Airways has officially begun selling airline tickets in the Yemeni rial, marking a significant shift in its payment policy aim…

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Yemen bans use of foreign currency in local trade

Yemen bans use of foreign currency in local trade

Yemen's internationally-recognized government announced on Tuesday that all commercial transactions within areas under its control must be conducte…

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U.S. Reaffirms Support for Yemen’s Central Bank Independence, Applauds Currency Stabilization

U.S. Reaffirms Support for Yemen’s Central Bank Independence, Applauds Currency Stabilization

Aden – The United States has reiterated its full support for the independence of the Central Bank of Yemen, praising recent efforts that led…

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Hayel Saeed Anam Group Announces Discounted Price Lists Amid Currency Recovery

Hayel Saeed Anam Group Announces Discounted Price Lists Amid Currency Recovery

Aden — Hayel Saeed Anam Group, one of Yemen’s largest and most influential conglomerates, has officially adopted reduced price lists fo…

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Yemen’s national currency experiences obvious recovery

Yemen’s national currency experiences obvious recovery

Yemen’s national currency experienced a notable recovery on Saturday, climbing to 1,800 rials per U.S. dollar in areas under government contr…

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Yemeni Rial Rises Sharply Amid Central Bank Crackdown on Currency Markets

Yemeni Rial Rises Sharply Amid Central Bank Crackdown on Currency Markets

Aden — The Yemeni rial recorded a notable surge against the US dollar for the third consecutive day, reversing months of steep decline that h…

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Central Bank of Yemen Suspends Licenses of 10 Violating Exchange Establishments to Reinforce Financial Oversight"

Central Bank of Yemen Suspends Licenses of 10 Violating Exchange Establishments to Reinforce Financial Oversight"

The Central Bank of Yemen has issued an official memorandum suspending the licenses of 10 exchange companies and establishments found to be in viol…

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Houthis Generate Billions Annually from Fuel Trade and Taxation, Yemeni Officials Say

Houthis Generate Billions Annually from Fuel Trade and Taxation, Yemeni Officials Say

Sana’a – According to statements by Yemeni government officials, the Houthi group earns an estimated $2.5 to $3 billion annually throug…

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EU Allocates €9 Million to Help Avert Famine in Yemen

EU Allocates €9 Million to Help Avert Famine in Yemen

Brussels – The European Union has announced a €9 million funding package aimed at preventing famine in Yemen, as part of its broader hum…

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Yemen : Houthis Introduce New 200-Rial Banknote

Yemen : Houthis Introduce New 200-Rial Banknote

Sana'a ــ Houthi-controlled Central Bank in Sana’a announced the release of a new 200-rial banknote, marking a significant development in Yem…

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"Amid Accusations of Financial Guardianship" ... Houthis Seize Yemen Gulf Bank

"Amid Accusations of Financial Guardianship" ... Houthis Seize Yemen Gulf Bank

Sana’a – Houthi Rebels has appointed senior figure Raed Al-Sha’er as judicial guardian over the Yemen Gulf Bank, one of the large…

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Yemeni Rial Plunges to Historic Low, Deepening Economic and Humanitarian Crisis

Yemeni Rial Plunges to Historic Low, Deepening Economic and Humanitarian Crisis

Aden — Yemeni rial has plummeted to a record low of 2,760 per U.S. dollar, marking the steepest collapse in the currency’s value since…

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Yemen’s Fragile Economy Feels the Heat of Iran-Israel Conflict

Yemen’s Fragile Economy Feels the Heat of Iran-Israel Conflict

The ripple effects of the escalating conflict between Iran and Israel are being felt in Yemen’s fragile economy. The already-depreciated Yeme…

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Economic hardship dims Eid al-Adha celebrations for Yemeni people

Economic hardship dims Eid al-Adha celebrations for Yemeni people

As Eid al-Adha approaches, millions of Yemenis are being forced to choose between religious tradition and economic survival, with soaring livestock…

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Yemen Suffers Massive Oil Losses Due to Houthi Attacks

Yemen Suffers Massive Oil Losses Due to Houthi Attacks

Sana’a – Yemen's oil sector has incurred over $7.5 billion in losses since October 2022 as a result of Houthi attacks targeting ports a…

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Yemeni Banks Relocate from Sanaa to Aden Amid Sanctions and Conflict

Yemeni Banks Relocate from Sanaa to Aden Amid Sanctions and Conflict

Several Yemeni banks headquartered in the capital city of Sanaa have decided to relocate their operations to the temporary capital, Aden, to avoid…

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Houthis monopolize Garlic trade, Raise prices

Houthis monopolize Garlic trade, Raise prices

March 12, 2025 -- The Houthi militia has taken control of the garlic trade in Yemen, leading to a significant increase in prices. Over the past two…

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Yemeni Rial Plummets Amid Economic Struggles

Yemeni Rial Plummets Amid Economic Struggles

The depreciation of the Yemeni currency leads to rising prices and hardship for citizens amid persistent conflict.The Yemeni rial has seen dram…

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Egypt, Yemen discuss coop. opportunities in petroleum, mining

Egypt, Yemen discuss coop. opportunities in petroleum, mining

Egyptian Minister of Petroleum Karim Badawy said the sector of petroleum and Egyptian mineral wealth is ready to present all forms of support to Ye…

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