Governor of Aden Meets With Dutch Ambassador
The Minister of State and Governor of Aden Abdulrahman Sheikh met today, Tuesday, in the temporary capital, Aden, with the Ambassador of the Kingdom of the Netherlands to the Republic of Yemen Jennette Seppen.
Bahrain Says Air Defenses Intercepted and Destroyed Several “Treacherous” Iranian Air Attacks
The General Command of the Bahrain Defence Force announced on Thursday that Iran continues what it described as a systematic hostile approach through missile and drone attacks targeting civilians in the Kingdom of Bahrain.
Oil price tops $100 a barrel
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.
France Advance to World Cup Quarterfinals, Set Up Morocco Clash
France secured a place in the quarterfinals of the 2026 FIFA World Cup after edging Paraguay 1-0 in their Round of 16 encounter.
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2026/07/07
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Latest News:
Minister of Water Discusses Cooperation with French Organization (ACTED)
Interior Minister, UK Deputy Ambassador Review Security Cooperation
Information Minister: Houthi 'Blockade' Claims Used to Justify Iran Air Bridge
Industry Minister Chairs Meeting to Advance Public-Private Partnership
President al-Alimi Applauses Egyptian Active Role In Enhancing Region's Security, Stability
Latest News:
Minister of Water Discusses Cooperation with French Organization (ACTED)
Interior Minister, UK Deputy Ambassador Review Security Cooperation
Information Minister: Houthi 'Blockade' Claims Used to Justify Iran Air Bridge
Industry Minister Chairs Meeting to Advance Public-Private Partnership
President al-Alimi Applauses Egyptian Active Role In Enhancing Region's Security, Stability
World Bank says Yemen faces significant economic hardships caused by continued Houthi blockade on oil exports
[01/11/2024 05:14]
ADEN - SABA
The World Bank said that Yemen is facing significant economic hardships caused by the continued Houthi blockade on oil exports.
According to the World Bank’s latest Yemen Economic Monitor (YEM) this blockade contributed to a 42 percent drop in fiscal revenues for the Internationally Recognized Government (IRG) in the first half of 2024, preventing it from providing essential services to the population.
The suspension of IRG oil exports, combined with a heavy reliance on imports, has intensified external pressures, leading to a depreciation of the Yemeni Rial in the Aden market from 1,619 per US dollar in January 2024 to 1,917 by the end of August
According to the report, "the conflict has as pushed most Yemenis into poverty, while food insecurity has reached historic levels, with over 60 percent of the population now facing inadequate access to food."
The World Bank said that Yemen is facing significant economic hardships caused by the continued Houthi blockade on oil exports.
According to the World Bank’s latest Yemen Economic Monitor (YEM) this blockade contributed to a 42 percent drop in fiscal revenues for the Internationally Recognized Government (IRG) in the first half of 2024, preventing it from providing essential services to the population.
The suspension of IRG oil exports, combined with a heavy reliance on imports, has intensified external pressures, leading to a depreciation of the Yemeni Rial in the Aden market from 1,619 per US dollar in January 2024 to 1,917 by the end of August
According to the report, "the conflict has as pushed most Yemenis into poverty, while food insecurity has reached historic levels, with over 60 percent of the population now facing inadequate access to food."
Key words:
August According - Internationally - According - depreciation - intensified - significant - contributed - insecurity - suspension - inadequate -
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