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Last Update: ،
2026/10/05
Time
04:06:12
Latest News:
Yemen Scholars’ Association Supports Launch of Operation Yemen Dawn
Yemen Human Rights Minister Discusses Impact of Houthi Escalation with German Ambassador in Geneva
Yemen Coalition Says 324 High-Value Targets Destroyed in Yemen Dawn Operation
Yemeni Forces Drive Houthis Out of Bab al-Mandab, Encircle Hundreds
Yemeni Armed Forces Liberate Dhubab District After Clashes with Houthi Militias
Latest News:
Yemen Scholars’ Association Supports Launch of Operation Yemen Dawn
Yemen Human Rights Minister Discusses Impact of Houthi Escalation with German Ambassador in Geneva
Yemen Coalition Says 324 High-Value Targets Destroyed in Yemen Dawn Operation
Yemeni Forces Drive Houthis Out of Bab al-Mandab, Encircle Hundreds
Yemeni Armed Forces Liberate Dhubab District After Clashes with Houthi Militias
Yemen's economy facing imminent collapse, says minister
[15/12/2021 02:21]
RIYAHD-SABA
Minister of Finance Salim bin Bureik said" the Yemeni economy is facing formidable challenges and difficulties putting it at the edge of downfall, with serious depreciation of national currency value and $1 exchange rates exceeding 1500 (YR), as a result inflation percentages hit unprecedented high records, likewise unemployment rates and numbers of the people under poverty line".
His remarks came as he contributed to the first workshop on building capacities of the Finance Ministry held here today in Riyadh in coordination between the Ministry and Saudi Program for Development and Reconstruction Yemen (SPDRY).
Bin Bureik underscored Yemen's need for urgent assistance by the Kingdom of Saudi Arabia and the SPDRY. He stated that Yemen today is really in dire need for Saudi support more than ever before to bail out the national economy.
Minister of Planning and International Cooperation Dr. Wa'id Badhib, Suadi Ambassador, general supervisor of the SPDRY Mohammed al-Jaber, Head of the GCC's Mission in Yemen Ambassador Sarhan al-Manikher were in attendance.
Minister of Finance Salim bin Bureik said" the Yemeni economy is facing formidable challenges and difficulties putting it at the edge of downfall, with serious depreciation of national currency value and $1 exchange rates exceeding 1500 (YR), as a result inflation percentages hit unprecedented high records, likewise unemployment rates and numbers of the people under poverty line".
His remarks came as he contributed to the first workshop on building capacities of the Finance Ministry held here today in Riyadh in coordination between the Ministry and Saudi Program for Development and Reconstruction Yemen (SPDRY).
Bin Bureik underscored Yemen's need for urgent assistance by the Kingdom of Saudi Arabia and the SPDRY. He stated that Yemen today is really in dire need for Saudi support more than ever before to bail out the national economy.
Minister of Planning and International Cooperation Dr. Wa'id Badhib, Suadi Ambassador, general supervisor of the SPDRY Mohammed al-Jaber, Head of the GCC's Mission in Yemen Ambassador Sarhan al-Manikher were in attendance.
Key words:
Reconstruction - SABA Minister - unprecedented - International - difficulties - depreciation - coordination - unemployment - Minister - contributed -
President al-Alimi Announces Launch of “Fajr al-Yemen” Operation to Restore State Institutions, Liberate Capital Sana’a
Yemen Scholars’ Association Supports Launch of Operation Yemen Dawn
Yemen Coalition Says 324 High-Value Targets Destroyed in Yemen Dawn Operation
Yemeni Forces Drive Houthis Out of Bab al-Mandab, Encircle Hundreds
Yemeni Armed Forces Liberate Dhubab District After Clashes with Houthi Militias
President al-Alimi Declares Military Operations to Restore State Institutions, Take Control Over Entire National Territory
'MASAM' Removes 1,256 Houthi-Laid Landmines In Four Days
Foreign Minister Praises U.S. Support for Yemeni Government
Cabinet Approves Executive Measures for Fulfilling General Mobilization, Appreciates Saudi Support
President al-Alimi: Militias Started This War, But Armed Forces Will End It in Way Meets Aspirations of Yemeni People
