• Category: Land of Sheba
Yemeni PM criticizes UN report on central bank corruption

Yemeni PM criticizes UN report on central bank corruption

Yemen’s Prime Minister Maeen Abdul Malik Saeed on Monday criticized a UN report accusing the country’s central bank of corruption. Saeed said that…

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UNHCR, Eid Charity sign $2mn agreements to support displaced families in Yemen, Iraq

UNHCR, Eid Charity sign $2mn agreements to support displaced families in Yemen, Iraq

UNHCR, the UN Refugee Agency and Sheikh Eid Charity Foundation signed two new agreements worth $2mn in total in the form of urgent cash assistance…

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Protests in Yemen's Aden as currency value slashes

Protests in Yemen's Aden as currency value slashes

Scores of Yemeni people took to the streets in the country's southern port city of Aden on Wednesday protesting against the sharp deterioration of…

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Yemeni Government begins its reforms with the central bank

Yemeni Government begins its reforms with the central bank

The Yemeni Government has embarked on its battle to reform the economy through the Central Bank, four days after its arrival in the temporary capit…

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Yemeni riyal pushes up prices of basic commodities

Yemeni riyal pushes up prices of basic commodities

After positive news about the completion of the Riyadh Agreement and the formation of a new government, The Yemeni riyal has recovered by 20 percen…

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Yemen will fight corruption and currency woes, says prime minister

Yemen will fight corruption and currency woes, says prime minister

Institutional corruption and a spiralling currency will be among the targets of Yemen’s new government, Prime Minister-designate Maeen Abdulmalik S…

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Devaluation of national currency multiplies people's woes in war-ravaged Yemen

Devaluation of national currency multiplies people's woes in war-ravaged Yemen

Yemen's national currency continues to depreciate and has reached the lowest against the U.S. dollar in the black market since a civil war broke ou…

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Yemen money exchange offices 'partially' resume operations in Aden

Yemen money exchange offices 'partially' resume operations in Aden

The Foreign Exchange Dealers Association in Aden Governorate, Yemen, yesterday announced that exchange operations will be "partially resumed", thre…

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Vessel off the coast of Yemen attacked - UK Maritime Trade Operations

Vessel off the coast of Yemen attacked - UK Maritime Trade Operations

The United Kingdom Maritime Trade Operations (UKMTO) said on its website early on Saturday that it is aware of an attack on a vessel off the coast…

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Ambassador Of Yemen For More Trade Ties With Pakistan

Ambassador Of Yemen For More Trade Ties With Pakistan

Ambassador of Yemen in Pakistan Muhammad Motahar Alashabi has said that Yemen and Pakistan has long lasting brotherly relations and bilateral trade…

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Yemeni exchange firms stop trading as currency reaches record low

Yemeni exchange firms stop trading as currency reaches record low

Exchange companies in the government-controlled areas have suspended trading in the dollar and the other foreign currencies after the Yemeni riyal…

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Yemeni Students Are Caught in a Currency Exchange Trap

Yemeni Students Are Caught in a Currency Exchange Trap

Private universities in Yemen are charging tuition in dollars and creating their own currency exchange rates, squeezing many students out of educat…

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Yemeni bank reopened after Houthis raid in Sanaa

Yemeni bank reopened after Houthis raid in Sanaa

A major Yemeni bank on Sunday reopened branches across the country, days after shuttering its operations in the wake of a raid by the Houthis on th…

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Lack of Resources in Yemen Due to COVID-19 and Violence

Lack of Resources in Yemen Due to COVID-19 and Violence

Yemen, a country bordering both Saudi Arabia and Oman is facing increased hardships with its resource distribution. Undergoing a devastating period…

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Yemen food costs soar as currency plunges to new low

Yemen food costs soar as currency plunges to new low

Yemen’s currency has tumbled to a record low against the US dollar despite fresh measures by the country’s central bank to bring the chaotic exchan…

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World Bank Heeds Yemeni Govt Demands for Unifying Aid Channels

World Bank Heeds Yemeni Govt Demands for Unifying Aid Channels

The World Bank (WB) has heeded Yemeni government calls on standardizing financial aid channels through the Aden-based Central Bank of Yemen, offici…

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Yemeni riyal fell by 180% over past five years, says minister

Yemeni riyal fell by 180% over past five years, says minister

Yemen’s Minister of Planning and International Cooperation has revealed that the value of the country’s currency has declined by 180 per cent over…

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World Bank: Houthi ban on new currency exacerbates Yemen economic crisis

World Bank: Houthi ban on new currency exacerbates Yemen economic crisis

The World Bank announced in a report that the Houthis’ ban on the circulation of new banknotes in its areas of control has caused serious repercuss…

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IOM launches 'cash for work' program in Yemen’s Seiyun

IOM launches 'cash for work' program in Yemen’s Seiyun

The International Organization for Migration (IOM) has launched a “cash for work" program in the Yemeni governorate of Seiyun, Saudi Press Agency r…

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EU, UNDP sign $82m deal to improve Yemen economy

EU, UNDP sign $82m deal to improve Yemen economy

The European Union and the United Nations Development Program (UNDP) yesterday signed an agreement aimed at improving the economic and social wellb…

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