• Category: Land of Sheba
Houthi attack sets refinery ablaze in Yemen for the next time

Houthi attack sets refinery ablaze in Yemen for the next time

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 loca…

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Houthi rebels attack Aden refinery, south of Yemen

Houthi rebels attack Aden refinery, south of Yemen

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 clashe…

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

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

Photo: Yemeni children are terrified from the bombing The U.S. is donating more than $68 million for re…

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

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

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 persis…

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Local currency dealers shy away from dealing with Yemeni riyal

Local currency dealers shy away from dealing with Yemeni riyal

The deteriorating situation in Yemen with regard to the lack of political and economic stability have driven downward the value of the Yemeni riyal…

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Yemen president seeks transfer of international aid to Aden

Yemen president seeks transfer of international aid to Aden

Yemen's dominant Shi'ite Muslim Houthi militia seized the offices of a political conciliation body late on Wednesday, hours after the president ref…

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Yemen’s banks deteriorate as the economy collapses

Yemen’s banks deteriorate as the economy collapses

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…

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Yemen oil revenues drop almost $1 bn in 2014

Yemen oil revenues drop almost $1 bn in 2014

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…

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Yemen airline ordered to pay millions over 2009 crash

Yemen airline ordered to pay millions over 2009 crash

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…

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Yemen on brink of economic disaster as crisis escalates, analysis

Yemen on brink of economic disaster as crisis escalates, analysis

Yemen is on the brink of a real economic disaster after the Shiite Houthi group tightened its grip on power and the government was paralysed by yea…

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Calgary-based oil producer Calvalley taking no chances in Yemen

Calgary-based oil producer Calvalley taking no chances in Yemen

Calgary-based oil producer Calvalley Petroleum Inc. isn’t taking any chances when it comes to protecting its people and production in Yemen.…

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WFP to continue to support Yemen addressing food shortage

WFP to continue to support Yemen addressing food shortage

The World Food Programme (WFP) is committed to assist Yemen's efforts aiming to address the food shortage problem, the WFP Regional Director said T…

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Output stopped at Yemen's Masila oilfields in Hadramout

Output stopped at Yemen's Masila oilfields in Hadramout

Oil companies in Yemen's Hadramout and Shabwa provinces, including the main gas export facility at Belhaf, have suspended operations amid protests ove…

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Yemen eastern province to halt oil flow unless president’s chief staff freed

Yemen eastern province to halt oil flow unless president’s chief staff freed

The governor of Yemen's Shabwa province warned Sunday that oil companies will turn off their taps at midnight unless Shiite militiamen in control of t…

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OMV Aims to Boost Yemen Output to 30,000 BPD if Conditions Allow

OMV Aims to Boost Yemen Output to 30,000 BPD if Conditions Allow

Austrian energy group OMV wants to boost its oil output from Yemen by half if conditions allow, a senior executive told Reuters on Tuesday. Erwin K…

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Yemen's Aden refinery seeks 900,000 t gasoil, gasoline

Yemen's Aden refinery seeks 900,000 t gasoil, gasoline

 Yemen's Aden Refinery Company is seeking 900,000 tonnes of gasoil and gasoline for delivery in February to April, continuing its purchases si…

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Yemen to upgrade, modernise Internet service

Yemen to upgrade, modernise Internet service

Work is under way at the Yemeni Ministry of Telecommunications and Information Technology to modernise and upgrade Internet service by increasing t…

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Yemen needs 12 years to spend donors' pledges

Yemen needs 12 years to spend donors' pledges

Yemen will need 12 years and 10 months to be able to spend the rest of pledges made in Riyadh and New York Donors' Conferences, said the Executive…

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Cnooc Unit Suspends Oil Production in Yemen Citing Security Threat

Cnooc Unit Suspends Oil Production in Yemen Citing Security Threat

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 “…

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

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

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

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