Yemen's economy facing imminent collapse, says minister

EU condemns Houthi militias' attack on commercial ship flying Dutch flag in Gulf of Aden

The European Union (EU) strongly condemned the attack by the Iranian-backed Houthi terrorist militias on the commercial ship (MINERVAGRACHT), which flies the Dutch flag in the Gulf of Aden.

Israeli Aggression in Gaza leaves 66,005 People Martyred and 168,162 Others Injured

The Israeli occupation's assault on Gaza since October 7, 2023 has claimed a devastating toll of 66,005 lives and 168,162 injuries.

Oil rises from its lowest level in 16 weeks

Oil prices rose today, Thursday, ending a three-day losing streak, recovering from their lowest levels in 16 weeks, but expectations of increased supply from "OPEC+" next month limited the gains.

Paris Saint-Germain beat Barcelona 2-1 in the Champions League

Paris Saint-Germain beat Barcelona 2-1 in the second round of the Champions League for the league stage.

Last Update: ، 2025/10/03 Time 01:31:38
Latest News:

Defense Minister meets with the French Ambassador, Military Attaché

Chairwoman of Woman National Committee seeks French support for Yemeni woman issues

Humanitarian partners discuss confronting risks of spread cholera in Taiz

Planning Minister discusses with UN's official economic situations

German-funded training program for medics kicked-off

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.