Yemen's economy facing imminent collapse, says minister

Berlin Protest Calls for Lifting Taiz Siege, Designating Houthis as Terrorists

Members of the Yemeni community in Berlin staged a protest calling on Germany, the European Union, the United Nations and the international community to pressure the Iran-backed Houthi militia to lift the siege on Taiz, reopen roads, ensure freedom of movement and allow humanitarian supplies into the city.

GCC Secretary-General Welcomes UN Security Council’s Position on Houthi Attacks Against Saudi Arabia

The Secretary-General of the Gulf Cooperation Council (GCC) Jasem Albudaiwi has expressed his appreciation for the position conveyed by members of the United Nations Security Council in their presidential statement regarding the attacks carried out by the Houthi terrorist militia against the Kingdom of Saudi Arabia.

Brent Crude Futures Rise 12 Cents

Oil prices remained mostly unchanged in early Asian trading on Thursday following gains from the previous session and a sharp monthly increase.

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: ، 2026/10/27 Time 12:00:40
Latest News:

Berlin Protest Calls for Lifting Taiz Siege, Designating Houthis as Terrorists

Coalition Carries Out Operation to Neutralize Houthi Threats

Yemen’s Human Rights Ministry Warns of Humanitarian Catastrophe in Taiz

Citizen Killed by Houthi Landmine Explosion in Al-Baydha Governorate

Yemen Condemns Israeli National Security Minister’s Incursion into Al-Aqsa Mosque

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.