Economy

Cnooc Unit Suspends Oil Production in Yemen Citing Security Threat

Tue, 12/23/2014 - 05:55

CALGARY—The Canadian unit of China National Offshore Oil Corp., or Cnooc, said Sunday it has halted oil production in Yemen due to an unspecified “security threat” to its personnel in the Arabian c

Yemen's Qaeda names French energy giant Total as 'target'

Tue, 12/23/2014 - 04:15

Al-Qaeda militants have declared that buildings belonging to French energy producer Total in Yemen are "legitimate targets" for their operations.

Yemen, WB sign $ 90 mln grant to protect poorest

Sun, 12/21/2014 - 03:29

WASHINGTON, (Saba) - Yemen and the World Bank (WB) have signed at the WB Group headquarters in Washington a draft urgent grant worth $ 90 million for Yemen.

Houthis take control of Central Bank of Yemen: sources

Sat, 12/20/2014 - 02:54

Yemen’s Houthi movement seized control of key government institutions in Sana’a on Wednesday, including the Central Bank and the Department of Civil Status and Civil Registration, directing a new b

Yemen foreign reserves lowest since June

Mon, 12/08/2014 - 02:40

Yemen's gross foreign currency reserves slipped to $4.9 billion in October, the lowest level since June, as oil exports fell, exposing the country's fragile public finances, central bank data showe

Saudi Arabia offers $54 million food aid to Yemen

Tue, 12/02/2014 - 22:21

The Saudi ambassador in Sanaa, Mohammed Saeed Al-Jaber, revealed on Monday that his country will provide food aid worth $54 million to Yemen to support nearly 45,000 Yemeni families, the official Y

Yemen Could Face Economic Collapse If Saudi Arabia Pulls Financial Support – Analysis

Tue, 12/02/2014 - 21:58

Saudi Arabia is considering stopping financial support to Yemen, a move that could tip the country further towards economic collapse, Yemeni, Saudi and Western officials have said.

USAID CASH Program organizes workshop on Yemeni honey

Tue, 12/02/2014 - 21:36

(Saba) – The USAID-funded CASH Program organized here on Tuesday a workshop on honey marketing in cooperation with Ministry of Trade and Industry.

Yemen's external debt falls slightly in September

Sun, 11/30/2014 - 01:06

(Saba) - Yemen's external debt stood at $7.256 billion in September 2014, down $128 million from last August, the Central Bank of Yemen (CBY) said Saturday.

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