• Category: Economy
Yemen : Economic Panic and Real Estate Collapse Grip Houthi-Controlled Sana’a

Yemen : Economic Panic and Real Estate Collapse Grip Houthi-Controlled Sana’a

Sana’a – The occupied Yemeni capital Sana’a is witnessing mounting economic panic and a sharp collapse in the real estate market…

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Yemen : Vessel “Kota Nanhai” Departs Al-Mualla Container Terminal

Yemen : Vessel “Kota Nanhai” Departs Al-Mualla Container Terminal

Aden – The vessel Kota Nanhai departed Al-Mualla Container Terminal at Aden Port this evening after completing the unloading of 457 standard…

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Yemen’s PLC President Discusses IMF Suspension Impact with Central Bank Governor

Yemen’s PLC President Discusses IMF Suspension Impact with Central Bank Governor

Aden — Yemen’s Presidential Leadership Council Chairman Rashad al-Alimi held talks with Central Bank Governor Ahmed Ghalib to review th…

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‏Yemen Gas Company Dispatches 461 Trailers to Address Supply Shortages

‏Yemen Gas Company Dispatches 461 Trailers to Address Supply Shortages

Aden — The Yemen Gas Company announced Friday the deployment of a fleet of 461 trailers carrying household gas to the interim capital Aden an…

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Yemen Gov't Signs Landmark Deal to Revitalize Historic Mocha Port

Yemen Gov't Signs Landmark Deal to Revitalize Historic Mocha Port

Aden — The internationally recognized government of Yemen has announced the signing of a major agreement to rehabilitate and relaunch operati…

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Yemenia Airways Lifts Round-Trip Ticket Requirement for Travelers to Saudi Arabia

Yemenia Airways Lifts Round-Trip Ticket Requirement for Travelers to Saudi Arabia

Aden -- Yemen Airways has announced the cancellation of the mandatory round-trip ticket requirement for passengers traveling from Yemen to Saudi Ar…

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Yemen’s Gov't-Controlled Ports Receive Over 2 Million Metric Tons of Fuel and Food

Yemen’s Gov't-Controlled Ports Receive Over 2 Million Metric Tons of Fuel and Food

Aden — Ports under the authority of Yemen’s internationally recognized government have received more than two million metric tons of fu…

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Hadramout Launches Yemen’s First Solar Cement Plant at $11 Million Investment

Hadramout Launches Yemen’s First Solar Cement Plant at $11 Million Investment

Mukalla — Local authorities in Hadramout have announced the inauguration of Yemen’s first solar-powered cement station, a landmark proj…

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UAE Pledges $1 Billion to Support Yemen’s Electricity Sector

UAE Pledges $1 Billion to Support Yemen’s Electricity Sector

AbuDhabi -- The United Arab Emirates has pledged $1 billion to bolster Yemen’s electricity sector, marking one of the largest development com…

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Yemen’s Houthi Ports Record Five-Month Drop in Essential Imports

Yemen’s Houthi Ports Record Five-Month Drop in Essential Imports

Hudaydah -- The ports of Hudaydah, Al-Salif, and Ras Issa critical gateways for both commercial and humanitarian cargo have witnessed sustained dro…

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Sana’a Merchants Launch Nationwide Strike Over Houthi-Imposed Financial and Customs Measures

Sana’a Merchants Launch Nationwide Strike Over Houthi-Imposed Financial and Customs Measures

Sana'a -- Hundreds of merchants in Yemen’s capital, Sana’a, launched a sweeping strike this week in protest against new financial and c…

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World Bank Warns of Mounting Economic Pressures in Yemen

World Bank Warns of Mounting Economic Pressures in Yemen

Aden -- Yemen’s economy is facing intensifying economic pressures as growth continues to decline and inflation surges, according to the World…

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Saudi Arabia Pledges $90 Million in New Aid to Yemen: Reuters

Saudi Arabia Pledges $90 Million in New Aid to Yemen: Reuters

Aden – Saudi Arabia has announced a new aid package worth $90 million to support Yemen’s struggling economy and humanitarian response,…

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Yemen's Houthi Militants Destroy iPhones in Boycott Videos Despite Prior Import and Customs Clearance

Yemen's Houthi Militants Destroy iPhones in Boycott Videos Despite Prior Import and Customs Clearance

SANAA — Videos circulating on social media have shown members of Yemen’s Houthi militia publicly destroying Apple iPhones in what they…

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UK Ambassador Meets Yemen Central Bank Governor, Urges Swift Economic Reforms Despite Currency Stability

UK Ambassador Meets Yemen Central Bank Governor, Urges Swift Economic Reforms Despite Currency Stability

Aden — The British Ambassador to Yemen, Abda Sharif, held a high-level meeting this week with Ahmed Ghaleb Al-Maabaqi, Governor of the Centra…

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Yemen : 52 Water Factories Shut Down in Sanaa Over Four Years Amid Houthi Extortion

Yemen : 52 Water Factories Shut Down in Sanaa Over Four Years Amid Houthi Extortion

Sanaa — At least 52 bottled water factories have been forced to shut down in the Yemeni capital Sanaa over the past four years due to mountin…

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Yemen : Taiz bakeries resume operations after agreement to raise bread price to 1,400 rials per kilogram

Yemen : Taiz bakeries resume operations after agreement to raise bread price to 1,400 rials per kilogram

Taiz — Bakeries across the city of Taiz have resumed operations following a new agreement between local authorities and the Bakers’ Syn…

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IMF: Saudi Support Bolsters Yemen’s Economic Stability

IMF: Saudi Support Bolsters Yemen’s Economic Stability

The International Monetary Fund (IMF) has revealed that the latest Saudi financial package of $368 million to support Yemen’s budget and the…

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IMF Warns Yemen on Brink of Economic Collapse as Public Debt Surpasses 100% of GDP

IMF Warns Yemen on Brink of Economic Collapse as Public Debt Surpasses 100% of GDP

Aden ــ Yemen is facing an imminent economic collapse, with public debt now exceeding 100% of the country’s gross domestic product (GDP), acc…

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7,000 Tons of Flour Exported from Egypt’s Port Tawfiq to Yemen Amid

7,000 Tons of Flour Exported from Egypt’s Port Tawfiq to Yemen Amid

Aden — A major shipment of 7,000 tons of wheat flour departed from Port Tawfiq, one of Egypt’s key Red Sea ports, bound for Yemen, wher…

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