Al-Aradah Hails Graduation of Air Defense College Cadets as Milestone in Rebuilding Armed Forces
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Oil prices jumped above $100 per barrel today, Monday, as the U.S. Navy prepares to take control of ship movements in the Strait of Hormuz.
Inter Milan a win away from Serie A title
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2026/05/17
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Latest News:
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KSrelief Begins Drilling of Three New Wells to Expand Water Access in Taiz
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Al-Khanbashi: It's Important To Expand Mandates Of Local Authorities, Furthering Decentralization
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CBY Governor: Yemen has lost more than $6 billion within the recent 30 months
[24/10/2024 05:04]
WASHINGTON - SABA
The Governor of the Central Bank of Yemen (CBY) Ahmed Ghaleb has confirmed that Yemen has lost more than six billion dollars of its own resources during the previous thirty months only, as a result of the suspension of oil and gas exports due to the attacks of the Houthi terrorist militias on oil ports and tankers, adding to targeting international navigation in the Red Sea.
"As a result, costs of transportation and insurance redoubled, supply chain disrupted, food insecurity seriouslt deteriorated and poverty rates exceeded 80%", Ghalib said.
He made his statements as he contributed today, Thursday, to the meeting of central bank governors and finance ministers of the Middle East, North Africa and Pakistan, on the sidelines of the annual meetings of the IMF and the World Bank, held in Washington, DC.
Minister of Finance Salem bin Braik also contributed to the meeting's deliberations.
The meeting was chaired by the Managing Director of the IFM Ms. Kristalina Georgieva.
Ghalib touched on the unprecedented humanitarian crisis that Yemen has been experiencing as a result of the Iran-backed Houthi militias' coup and war, which has been going on for 11 years and due to unfavorable regional and international developments and their repercussions on the region and the world, including Yemen.
The Governor of the CBY called for an urgent support to Yemen to bail out the Yemeni national economy and sustain the government's efforts to manage the economic hardships.
The Governor of the Central Bank of Yemen (CBY) Ahmed Ghaleb has confirmed that Yemen has lost more than six billion dollars of its own resources during the previous thirty months only, as a result of the suspension of oil and gas exports due to the attacks of the Houthi terrorist militias on oil ports and tankers, adding to targeting international navigation in the Red Sea.
"As a result, costs of transportation and insurance redoubled, supply chain disrupted, food insecurity seriouslt deteriorated and poverty rates exceeded 80%", Ghalib said.
He made his statements as he contributed today, Thursday, to the meeting of central bank governors and finance ministers of the Middle East, North Africa and Pakistan, on the sidelines of the annual meetings of the IMF and the World Bank, held in Washington, DC.
Minister of Finance Salem bin Braik also contributed to the meeting's deliberations.
The meeting was chaired by the Managing Director of the IFM Ms. Kristalina Georgieva.
Ghalib touched on the unprecedented humanitarian crisis that Yemen has been experiencing as a result of the Iran-backed Houthi militias' coup and war, which has been going on for 11 years and due to unfavorable regional and international developments and their repercussions on the region and the world, including Yemen.
The Governor of the CBY called for an urgent support to Yemen to bail out the Yemeni national economy and sustain the government's efforts to manage the economic hardships.
Key words:
transportation - deliberations - repercussions - international - unprecedented - humanitarian - government's - Minister - developments - experiencing -
Al-Aradah Hails Graduation of Air Defense College Cadets as Milestone in Rebuilding Armed Forces
Abyan Governor Discusses Service, Development Interventions with Saudi Program
KSrelief Begins Drilling of Three New Wells to Expand Water Access in Taiz
Minister of Water and Environment Reviews Taiz Water Crisis Projects with UNDP
Al-Khanbashi: It's Important To Expand Mandates Of Local Authorities, Furthering Decentralization
President al-Alimi Praises Cooperation Programs with China on the 70th Anniversary of Yemeni-Chinese Fruitful Relations
President al-Alimi Appreciates Japanese Support for Comprehensive Recovery Efforts In Yemen
President al-Alimi Praises Constant Development in Yemeni-Russian Relations
Yemen Participates in World Urban Forum in Baku
Member of PLC al-Khanbashi Launches Yemeni Cultural Summit in Mukalla
