Yemen's economy facing imminent collapse, says minister

Minister Dammaj, Princess Dana Initiate International Workshop on Controlling Illicit Trafficking of Yemeni Cultural Properties

The Minister of Culture and Tourism Eng. Motea Damaj and the Chairwoman of the Jordanian National Heritage Fund, Chairwoman of the International Council on Monuments and Sites (ICOMOS) - Jordan and UNESCO Goodwill Ambassador for Cultural Heritage, Princess Dana Firas and the Representative of the American Foundation Zaydon Zayed initiated today, Saturday, in Amman, an international workshop on combating the illicit trafficking of Yemeni cultural property.

Second Day of International Media Forum on Islamic Civilization Kicks Off in Tashkent

The second day of the International Media Forum “Islamic Civilization: A New Perspective – New Discoveries” commenced today, Wednesday, at the Center for Islamic Civilization in the Uzbek capital, Tashkent.

German Exports Rise 3.9 Percent

The total of German exports increased by 3.9 percent during the first half of 2026 compared to the same period last year, reaching 817.8 billion euros.

Al Nassr Beat Al Fateh 3-0 in Saudi Football League

Al Nassr defeated Al Fateh 3-0 in the opening round of the Saudi Pro League, known as the Roshn Saudi League.

Last Update: ، 2026/08/30 Time 03:53:08
Latest News:

Amb. al-Maitami Celberate Yemeni-Chinese Relations

Yemen Participates in Opening of 63rd Damascus International Fair

King Salman Humanitarian Aid Centre Launches Distribution of More Than 3,640 Food Baskets in Taiz

Foreign Minister Arrives in Doha on Second Stop of Gulf Tour

Yemen’s Deputy Foreign Minister for Political Affairs Discusses Bilateral Relations with Somali Counterpart

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.