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

Al-Arada Discusses Latest Developments with U.S. Ambassador

Member of the Presidential Leadership Council General Sultan al-Arada discussed Wednesday, via videoconference, with the Ambassador of the United States to Yemen Steven Fagin latest developments of the political and military situation on the national scene.

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).

African Development Bank supports transport infrastructure in Somalia with $76 million

The African Development Bank has approved additional funding of $76.37 million for the road infrastructure program in Somalia, which is a key component of the Horn of Africa Corridor project connecting Somalia, Djibouti, and Ethiopia.

CAF Unveils Official Mascot for 2025 Africa Cup of Nations in Morocco

The Confederation of African Football (CAF) and the Local Organizing Committee unveiled the official mascot for the 2025 Africa Cup of Nations in Morocco, named "Asad" (Lion), embodying a symbol of African pride and passion for football.

Last Update: ، 2025/12/18 Time 07:36:29
Latest News:

Al-Arada Discusses Latest Developments with U.S. Ambassador

National Authority Condemns Houthi Death Sentences Against 3 Abductees

Major General Al-Zubaidi follows up on projects implemented to enhance water resources

Ambassador Al-Maitami Participates in Diplomatic Visit to Jilin Province

Leadership Council Member Maj. General al-Zubaid highlights importance of boosting role of Local Administration ..

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.