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…
DetailsSANA’A — The private sector in Houthi-controlled areas is reeling under the weight of escalating illegal levies and arbitrary financial…
DetailsAden,— Yemenia Airways has officially begun selling airline tickets in the Yemeni rial, marking a significant shift in its payment policy aim…
DetailsYemen's internationally-recognized government announced on Tuesday that all commercial transactions within areas under its control must be conducte…
DetailsAden – The United States has reiterated its full support for the independence of the Central Bank of Yemen, praising recent efforts that led…
DetailsAden — Hayel Saeed Anam Group, one of Yemen’s largest and most influential conglomerates, has officially adopted reduced price lists fo…
DetailsYemen’s national currency experienced a notable recovery on Saturday, climbing to 1,800 rials per U.S. dollar in areas under government contr…
DetailsAden — The Yemeni rial recorded a notable surge against the US dollar for the third consecutive day, reversing months of steep decline that h…
DetailsThe Central Bank of Yemen has issued an official memorandum suspending the licenses of 10 exchange companies and establishments found to be in viol…
DetailsSana’a – According to statements by Yemeni government officials, the Houthi group earns an estimated $2.5 to $3 billion annually throug…
DetailsBrussels – The European Union has announced a €9 million funding package aimed at preventing famine in Yemen, as part of its broader hum…
DetailsSana'a ــ Houthi-controlled Central Bank in Sana’a announced the release of a new 200-rial banknote, marking a significant development in Yem…
DetailsSana’a – Houthi Rebels has appointed senior figure Raed Al-Sha’er as judicial guardian over the Yemen Gulf Bank, one of the large…
DetailsAden — 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…
DetailsThe ripple effects of the escalating conflict between Iran and Israel are being felt in Yemen’s fragile economy. The already-depreciated Yeme…
DetailsAs Eid al-Adha approaches, millions of Yemenis are being forced to choose between religious tradition and economic survival, with soaring livestock…
DetailsSana’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…
DetailsSeveral Yemeni banks headquartered in the capital city of Sanaa have decided to relocate their operations to the temporary capital, Aden, to avoid…
DetailsMarch 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…
DetailsThe depreciation of the Yemeni currency leads to rising prices and hardship for citizens amid persistent conflict.The Yemeni rial has seen dram…
DetailsEgyptian 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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