• Category: Land of Sheba
Yemeni riyal rebounds as Houthis accused of violating truce

Yemeni riyal rebounds as Houthis accused of violating truce

The Yemeni riyal on Sunday rebounded by about 13 percent on news about the UN-brokered truce and talks between rival forces in the Saudi capital.…

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MTN to take hits from Yemen and Syria exit

MTN to take hits from Yemen and Syria exit

Losses suffered by MTN as a result of the Yemen and Syria exit contributed to the earnings per share dip of between 15% and 25% in the 2021 financi…

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Thousands of Yemenis cut off from pension payments earned in Britain

Thousands of Yemenis cut off from pension payments earned in Britain

Thousands of Yemeni men who left their families to work in Britain in the 1950s and 1960s are fighting to have their pensions reinstated after they…

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Canada's Calvalley says it suspended oil operations in Yemen's Hadramout

Canada's Calvalley says it suspended oil operations in Yemen's Hadramout

Canada's Calvalley Petroleum has suspended its operations and exploration in Yemen's Hadramout province due to deteriorating security conditions af…

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Yemen chooses new Central Bank governor amid economic crisis

Yemen chooses new Central Bank governor amid economic crisis

Yemen's President Abdrabu Mansur Hadi has reshuffled the administrative board of his country's Central Bank and appointed a new governor.…

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Yemen’s currency sees sharp decline as years-long conflict drags on

Yemen’s currency sees sharp decline as years-long conflict drags on

Yemen’s national currency on Sunday fell to its lowest level against all other international currencies in years on Sunday, as the war-torn country…

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Saudi-led coalition warns of danger to global trade south of Red Sea - state media

Saudi-led coalition warns of danger to global trade south of Red Sea - state media

The Saudi-led coalition fighting the Iran-backed Houthi movement in Yemen said it detected indications of an imminent danger to navigation and glob…

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S.Africa's MTN exits Yemen in Middle East pull-out plan

S.Africa's MTN exits Yemen in Middle East pull-out plan

South Africa's MTN Group Ltd (MTNJ.J) said on Thursday it would exit Yemen, as the largest African mobile operator pursues its strategy to leave th…

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U.N. appeals for fresh injection of funds for famine-threatened Yemen

U.N. appeals for fresh injection of funds for famine-threatened Yemen

Funds needed to feed millions of people in war-ravaged Yemen could run out in a matter of weeks, a senior United Nations official warned, calling o…

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Yemeni government takes new measures to curb devaluation of riyal

Yemeni government takes new measures to curb devaluation of riyal

The Central Bank of Yemen on Monday closed six exchange firms and shops for not complying with its anti-speculation regulations, bringing the total…

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Yemen currency clash deepens crisis in war-torn country

Yemen currency clash deepens crisis in war-torn country

Alongside a grinding seven-year military conflict, Yemen's government and the Houthi rebels are locked in battle on another front -- a currency war…

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U.S. announces $165 million in new aid for Yemen

U.S. announces $165 million in new aid for Yemen

The United States has set aside $165 million in new humanitarian assistance for Yemen, U.S. Special Envoy for Yemen Tim Lenderking said on Monday.…

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Yemen central bank injects old riyal bills worth billions into market to challenge Houthi ban

Yemen central bank injects old riyal bills worth billions into market to challenge Houthi ban

The Central Bank of Yemen in Aden has injected billions of riyals in old large-sized 1,000 banknotes into the market to address a chronic shortage…

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Aden receives Saudi oil derivatives grant

Aden receives Saudi oil derivatives grant

A total of 75,000 metric tons of Saudi oil derivatives reached the Port of Aden to help the Yemeni authorities meet the growing energy demands.…

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Yemen currency devalues to historic lows, exacerbating hunger needs, warns IRC

Yemen currency devalues to historic lows, exacerbating hunger needs, warns IRC

The International Rescue Committee is concerned about the rapidly growing level of humanitarian needs in Yemen, as the exchange rate falls to 1,000…

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Record currency crash poses new dilemma for war-torn Yemen

Record currency crash poses new dilemma for war-torn Yemen

 Yemen’s currency, the riyal, has sunk to historic lows in recent days, in a new threat to the war-torn country which is already on the brink…

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Yemen's currency sinks to historic lows, worsening famine risk

Yemen's currency sinks to historic lows, worsening famine risk

Yemen's currency, the riyal, has sunk to historic lows in recent days, in a new threat to the war-torn country which is already on the brink of fam…

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Saudi Arabia delivers diesel supplies for Yemen’s Mahra power stations

Saudi Arabia delivers diesel supplies for Yemen’s Mahra power stations

Saudi Arabia has delivered diesel supplies in Mahra governorate of Yemen, which will be used to fuel power stations there. The fuel deliv…

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Saudi donates $60 mln to stave off Yemen famine

Saudi donates $60 mln to stave off Yemen famine

Five million people in Yemen are "just a step away from famine", as the conflict is aggravated by economic decline and the impact of the pandemic,…

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World Bank gives $150 mln to Yemen projects amid aid shortfall

World Bank gives $150 mln to Yemen projects amid aid shortfall

The World Bank will give Yemen $150 million in grants for health, nutrition and sanitation projects, helping address a funding shortfall facing the…

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