Saudi Delegation Meets with Sheikhs, Notables, Leaders of Hadhramaut
The visiting Saudi delegation to Hadhramaut Governorate, headed by Major General Dr. Mohammed Al-Qahtani, arrived Tuesday in the districts of the Valley and Desert, following the completion of meetings in the city of Mukalla and the coastal districts.
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CAF Unveils Official Mascot for 2025 Africa Cup of Nations in Morocco
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2025/12/10
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01:30:46
Latest News:
Member of Presidential Leadership Council al-Arada Holds Expanded Official, Public Meeting in Marib
Vice Foreign Minister participates in International Navigation Security Conference in Germany
European Union Mission affirms support to PLC, Government for security
Al-Mahrami Meets Head of Land Authority, Reviews Performance Improvement Plans and Combating Encroachments
UK reaffirms its commitment to supporting Presidential Leadership Council and government
Latest News:
Member of Presidential Leadership Council al-Arada Holds Expanded Official, Public Meeting in Marib
Vice Foreign Minister participates in International Navigation Security Conference in Germany
European Union Mission affirms support to PLC, Government for security
Al-Mahrami Meets Head of Land Authority, Reviews Performance Improvement Plans and Combating Encroachments
UK reaffirms its commitment to supporting Presidential Leadership Council and government
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 -
Saudi Delegation Meets with Sheikhs, Notables, Leaders of Hadhramaut
Member of Presidential Leadership Council al-Arada Holds Expanded Official, Public Meeting in Marib
Vice Foreign Minister participates in International Navigation Security Conference in Germany
European Union Mission affirms support to PLC, Government for security
Al-Mahrami Meets Head of Land Authority, Reviews Performance Improvement Plans and Combating Encroachments
UK reaffirms its commitment to supporting Presidential Leadership Council and government
Vice Foreign Minister praises Germany's support for Yemen
U.S. affirms its support for Leadership Council, government, Yemen's security, stability
President al-Alimi briefs Ambassadors of the countries sponsoring the political process on developments in the eastern governorates
Leadership Council Member al-Muhrrami, Governor of Central Bank address monetary stability efforts 
