Economy

QRCS builds 290 shelters for homeless families in Yemen

Fri, 01/18/2019 - 23:28

Qatar Red Crescent Society’s (QRCS) mission in Yemen has completed a project to help the families affected by severe floods in Al-Hudaydah.

Houthis ‘waging economic war’, Yemen government says

Thu, 01/17/2019 - 23:04

The Yemeni government said yesterday that the Houthis are “waging economic war”, noting that the country had lost $100 billion as a result of the civil war.

UN injects US$32m into Yemen anti-starvation campaign

Sun, 01/13/2019 - 23:21

The United Nations has stepped up its battle against starvation in Yemen with a UJS$32 million transfer of funds from its Central Emergency Response Fund (CERF) to the humanitarian relief effort in

Yemeni villages receive 100 tonnes of food from ERC.

Mon, 12/31/2018 - 23:25

People of 25 villages located across Yemen’s Red Sea coast benefited from 100 tonnes of food supplies distributed recently by the Emirates Red Crescent (ERC).

A bank divided: Yemen's financial crisis hits food imports.

Thu, 12/20/2018 - 20:13

Saudi Arabia agreed in July to lend $2 billion to the central bank office located in the southern port of Aden, the seat of the Riyadh-backed government, to help finance imports of basic goods.

Yemen's other war frontline: The central bank.

Tue, 12/18/2018 - 19:38

Cashiers sort through large stacks of money inside a ragged building that is Yemen's central bank, another frontline in a ruinous conflict as it fights to stave off economic collapse.

Coalition issues 157 permits for convoys entering Yemen within three days.

Mon, 12/17/2018 - 23:48

The Arab coalition supporting legitimacy in Yemen said on Sunday that 157 air and land permits were issued to convoys headed to Yemen within the past three days.

New US$140 Million Support for Ongoing Emergency Cash Transfers in Yemen

Sat, 12/15/2018 - 22:42

The World Bank announced a new US$140 million grant to maintain the delivery of emergency cash transfers to 1.5 million poor and most vulnerable Yemeni households, covering a total of 9 million ind

Yemen Needs Additional Economic Assistance To Stabilize Country Beyond 2019 - IMF

Fri, 12/14/2018 - 22:15

Yemen will need economic stabilization assistance beyond next year in addition to the near-term stopgap measures currently in place, the International Monetary Fund (IMF) said in a press release fo

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