• Category: Economy
Yemeni Rial Rises Sharply Amid Central Bank Crackdown on Currency Markets

Yemeni Rial Rises Sharply Amid Central Bank Crackdown on Currency Markets

Aden — The Yemeni rial recorded a notable surge against the US dollar for the third consecutive day, reversing months of steep decline that h…

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Central Bank of Yemen Suspends Licenses of 10 Violating Exchange Establishments to Reinforce Financial Oversight"

Central Bank of Yemen Suspends Licenses of 10 Violating Exchange Establishments to Reinforce Financial Oversight"

The Central Bank of Yemen has issued an official memorandum suspending the licenses of 10 exchange companies and establishments found to be in viol…

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Houthis Generate Billions Annually from Fuel Trade and Taxation, Yemeni Officials Say

Houthis Generate Billions Annually from Fuel Trade and Taxation, Yemeni Officials Say

Sana’a – According to statements by Yemeni government officials, the Houthi group earns an estimated $2.5 to $3 billion annually throug…

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EU Allocates €9 Million to Help Avert Famine in Yemen

EU Allocates €9 Million to Help Avert Famine in Yemen

Brussels – The European Union has announced a €9 million funding package aimed at preventing famine in Yemen, as part of its broader hum…

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Yemen : Houthis Introduce New 200-Rial Banknote

Yemen : Houthis Introduce New 200-Rial Banknote

Sana'a ــ Houthi-controlled Central Bank in Sana’a announced the release of a new 200-rial banknote, marking a significant development in Yem…

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"Amid Accusations of Financial Guardianship" ... Houthis Seize Yemen Gulf Bank

"Amid Accusations of Financial Guardianship" ... Houthis Seize Yemen Gulf Bank

Sana’a – Houthi Rebels has appointed senior figure Raed Al-Sha’er as judicial guardian over the Yemen Gulf Bank, one of the large…

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Yemeni Rial Plunges to Historic Low, Deepening Economic and Humanitarian Crisis

Yemeni Rial Plunges to Historic Low, Deepening Economic and Humanitarian Crisis

Aden — 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…

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Yemen’s Fragile Economy Feels the Heat of Iran-Israel Conflict

Yemen’s Fragile Economy Feels the Heat of Iran-Israel Conflict

The ripple effects of the escalating conflict between Iran and Israel are being felt in Yemen’s fragile economy. The already-depreciated Yeme…

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Economic hardship dims Eid al-Adha celebrations for Yemeni people

Economic hardship dims Eid al-Adha celebrations for Yemeni people

As Eid al-Adha approaches, millions of Yemenis are being forced to choose between religious tradition and economic survival, with soaring livestock…

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Yemen Suffers Massive Oil Losses Due to Houthi Attacks

Yemen Suffers Massive Oil Losses Due to Houthi Attacks

Sana’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…

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Yemeni Banks Relocate from Sanaa to Aden Amid Sanctions and Conflict

Yemeni Banks Relocate from Sanaa to Aden Amid Sanctions and Conflict

Several Yemeni banks headquartered in the capital city of Sanaa have decided to relocate their operations to the temporary capital, Aden, to avoid…

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Houthis monopolize Garlic trade, Raise prices

Houthis monopolize Garlic trade, Raise prices

March 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…

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Yemeni Rial Plummets Amid Economic Struggles

Yemeni Rial Plummets Amid Economic Struggles

The depreciation of the Yemeni currency leads to rising prices and hardship for citizens amid persistent conflict.The Yemeni rial has seen dram…

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Egypt, Yemen discuss coop. opportunities in petroleum, mining

Egypt, Yemen discuss coop. opportunities in petroleum, mining

Egyptian 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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Yemeni Government Signs Debt Rescheduling Agreement with Arab Monetary Fund

Yemeni Government Signs Debt Rescheduling Agreement with Arab Monetary Fund

Yemen’s Minister of Finance, Salem bin Breik, announced today that the Yemeni government is set to sign a significant debt rescheduling agree…

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Yemeni rial hit by Houthi crisis despite Saudi bailout

Yemeni rial hit by Houthi crisis despite Saudi bailout

The Yemenieconomy is suffering from unprecedented challenges, a budget deficit and a severe shortage of foreign currency as a result of the continu…

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Yemen: IPO in Sanaa removes limitation to number of goods and services

Yemen: IPO in Sanaa removes limitation to number of goods and services

The IPO based in Sanaa, Yemen has introduced a major update to its trade mark application policy, as outlined in Ministerial Decision No. 52/2024.…

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Yemen : Houthis increase custom duties on certain goods

Yemen : Houthis increase custom duties on certain goods

Houthi militia continues to impose restrictions on Yemen's commercial sector, recently increasing customs duties on certain goods in areas under th…

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Maersk sees profits slide after months of Red Sea attacks by Yemen’s Houthis

Maersk sees profits slide after months of Red Sea attacks by Yemen’s Houthis

Danish shipping giant Maersk posted Wednesday a 45-percent fall in net profit in the second quarter, as supply chain disruptions due to the Red Sea…

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Swift system restored in Houthi-held areas under Yemen de-escalation deal

Swift system restored in Houthi-held areas under Yemen de-escalation deal

The Houthi rebels' lifeline to the global Swift banking system has been restored after the internationally recognised Yemeni government reversed sa…

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