Yemen's national economy lost some $126 billion due to war, says senior official

European Union Reaffirms Support for Yemen's Unity, Sovereignty

The European Union Delegation to the Republic of Yemen has reaffirmed the EU's commitment to Yemen's unity, sovereignty, and territorial integrity, stressing its full support for the internationally recognized government.

U.S. Extends Work Permits for Temporary Protected Status Holders

The U.S. administration has extended work permits for hundreds of thousands of migrants from Haiti and six other countries who are protected under the Temporary Protected Status (TPS) program, just hours before the permits were due to expire.

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.

Last Update: ، 2026/07/16 Time 03:36:08
Latest News:

President al-Alimi Offers Condolences to Emir of Qatar on Death of Father Emir Sheikh Hamad bin Khalifa ..

Dr. Abdullah al-Alimi, UK Armed Forces Minister Discuss Defense Cooperation

Interior Ministry Takes Part in Arab Conference of Security Media Chiefs

Ambassador Al-Awd Discusses Iranian Violations of Yemen's Sovereignty With Spanish Official

Yemenia to Resume Jeddah-Socotra Flights From Late September

Yemen's national economy lost some $126 billion due to war, says senior official

[05/10/2022 03:30]

AMMAN - SABA
Vice Minister of Planning and International Cooperation Dr. Nezar BaSoheib stated that the Houthi militias-triggered war has caused the national economy heavy losses estimated at approximately $126 billion, while national currency exchange rates depreciated more than 500% against foreign currencies.

He noted that unemployment percentage increased up to more than 35%, poverty reached nearly 78% therefore 80% of the populations have been seriously affected by the humanitarian crisis.

Dr. BaSoheib revealed these figures as he chaired today, Wednesday, the meeting of the Steering Committee of the Enhancing Economic Survival Project, funded by the European Union, carried out by the Organization of Cooperation and Economic Development (OECD.

A number of senior government's officials contributed to the discussions held in the Jordanian capital Amman.