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

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 04:31:24
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 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.