Economy

Yemen strife opens opportunities for Port of Salalah

Mon, 08/10/2015 - 05:20

Muscat - 

The strife in Yemen has opened up an opportunity for the Port of Salalah to act as a ‘gateway port’, bringing in additional sources of revenue.

Houthi attack sets refinery ablaze in Yemen for the next time

Tue, 07/14/2015 - 14:36

ADEN - Houthi forces fired mortar rounds at an oil refinery in the southern Yemeni city of Aden on Monday, starting a huge fire, witnesses and local officials said.

Houthi rebels attack Aden refinery, south of Yemen

Sat, 06/27/2015 - 21:46

Yemen's Houthi fighters fired missiles at storage tanks at an Aden refinery on Saturday, starting a large fire, and 14 people were killed in clashes between the Houthis and Saudi-led forces near th

U.S. to Donate $68 Million for Humanitarian Assistance in Yemen

Wed, 05/06/2015 - 14:32

Photo: Yemeni children are terrified from the bombing

Yemen's economy falters due to persistent political instability, Analysis

Sun, 03/15/2015 - 22:56

The World Bank has suspended its operations in Yemen this week, which adds to blows to the country's economy which has been faltering due to persistent political instability.

Local currency dealers shy away from dealing with Yemeni riyal

Sun, 03/08/2015 - 20:47

The deteriorating situation in Yemen with regard to the lack of political and economic stability have driven downward the value of the Yemeni riyal against the dollar and other key currencies.

Yemen president seeks transfer of international aid to Aden

Fri, 03/06/2015 - 12:02

Yemen's dominant Shi'ite Muslim Houthi militia seized the offices of a political conciliation body late on Wednesday, hours after the president refused U.N.-brokered talks with their powerful movem

Yemen’s banks deteriorate as the economy collapses

Sat, 02/28/2015 - 11:28

Fears of economic collapse are causing Yemeni citizens to withdraw their US dollar savings from banks and keep the dollars at home. Yemen is facing economic collapse for several reasons:

Yemen oil revenues drop almost $1 bn in 2014

Sun, 02/22/2015 - 01:10

Yemen suffered a drop of around $1 billion, or 37 percent, in revenue from oil exports last year due to nosediving crude prices and the sabotage of pipelines, the central bank said Saturday.

Yemen airline ordered to pay millions over 2009 crash

Thu, 02/19/2015 - 21:26

Aix-en-Provence, France: A French court Thursday ordered Yemenia airline to pay more than 30 million euros ($34 million) in damages to the families of victims of a deadly 2009 crash off the Comoros

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