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

President al-Alimi sets out guidelines for Yemeni diplomatic missions discourse

His Excellency (H.E) President Dr. Rashad al-Alimi, Chairman of the Presidential Leadership Council (PLC), held a meeting today, Tuesday, with the leadership of the Ministry of Foreign Affairs and the heads of diplomatic missions.

Massive 7.0 Magnitude Earthquake Strikes Alaska, USA

A powerful 7.0 magnitude earthquake struck Alaska, USA, yesterday evening, according to the United States Geological Survey (USGS).

Korean autos exports rise 13.7 percent in November

South Korea's autos exports rose by 13.7 percent year-on-year in November, thanks to a notable increase in shipments of eco-friendly and hybrid models.

Barcelona Consolidates Lead in Spanish La Liga with Win Over Villarreal

Barcelona strengthened its position at the top of the Spanish La Liga table after defeating host Villarreal 2-0 in the 17th round of the competition.

Last Update: ، 2025/12/23 Time 05:10:38
Latest News:

Yemeni Ministries Reaffirm Constitutional Loyalty Amid STC Secessionist Declarations

Ministry of Youth and Sports Condemns Misrepresentation of Ministry and Reaffirms Commitment to Constitution

Government Delegation Says Agreement Reached to Release Thousands of Detainees

MASAM Removes 924 Houthi-laid Mines in One Week

Deputy FM, Japanese Ambassador Discuss Bilateral Cooperation in Humanitarian and Development Sectors

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.