Presidential Leadership Council Member Bawazir Praises UN Secretary-General Support for Yemen
The Member of the Presidential Leadership Council (PLC) Dr. Abdullah Bawazir greatly praised the significant efforts of the UN Secretary-General António Guterres and his active role in mobilizing the international efforts to ease the suffering of the Yemeni people, to end the war and make peace.
Second Day of International Media Forum on Islamic Civilization Kicks Off in Tashkent
The second day of the International Media Forum “Islamic Civilization: A New Perspective – New Discoveries” commenced today, Wednesday, at the Center for Islamic Civilization in the Uzbek capital, Tashkent.
Gold Rises Over 1 Percent
Gold prices rose more than one percent today, Thursday, as investors digested the U.S. interest rate hike and hints of further monetary tightening, while the rally in oil prices came to a halt.
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: ،
2026/09/27
Time
11:00:02
Latest News:
Foreign Minister Briefs Secretary-General of OIC on Developments in Yemen
Leadership Council Member Discusses Bilateral Relations, Developments in Yemen with Russian Foreign Minister
Baaker Discusses Arrangements for Signing a Memorandum of Understanding Between the Two Diplomatic Institutes ..
Al-Alimi Discusses Humanitarian Crisis with UN Official
Yemen Calls for International Action to Protect Jerusalem
Latest News:
Foreign Minister Briefs Secretary-General of OIC on Developments in Yemen
Leadership Council Member Discusses Bilateral Relations, Developments in Yemen with Russian Foreign Minister
Baaker Discusses Arrangements for Signing a Memorandum of Understanding Between the Two Diplomatic Institutes ..
Al-Alimi Discusses Humanitarian Crisis with UN Official
Yemen Calls for International Action to Protect Jerusalem
World Bank says Yemen faces significant economic hardships caused by continued Houthi blockade on oil exports
[01/11/2024 05:14]
ADEN - SABA
The World Bank said that Yemen is facing significant economic hardships caused by the continued Houthi blockade on oil exports.
According to the World Bank’s latest Yemen Economic Monitor (YEM) this blockade contributed to a 42 percent drop in fiscal revenues for the Internationally Recognized Government (IRG) in the first half of 2024, preventing it from providing essential services to the population.
The suspension of IRG oil exports, combined with a heavy reliance on imports, has intensified external pressures, leading to a depreciation of the Yemeni Rial in the Aden market from 1,619 per US dollar in January 2024 to 1,917 by the end of August
According to the report, "the conflict has as pushed most Yemenis into poverty, while food insecurity has reached historic levels, with over 60 percent of the population now facing inadequate access to food."
The World Bank said that Yemen is facing significant economic hardships caused by the continued Houthi blockade on oil exports.
According to the World Bank’s latest Yemen Economic Monitor (YEM) this blockade contributed to a 42 percent drop in fiscal revenues for the Internationally Recognized Government (IRG) in the first half of 2024, preventing it from providing essential services to the population.
The suspension of IRG oil exports, combined with a heavy reliance on imports, has intensified external pressures, leading to a depreciation of the Yemeni Rial in the Aden market from 1,619 per US dollar in January 2024 to 1,917 by the end of August
According to the report, "the conflict has as pushed most Yemenis into poverty, while food insecurity has reached historic levels, with over 60 percent of the population now facing inadequate access to food."
Key words:
August According - Internationally - According - depreciation - intensified - significant - contributed - insecurity - suspension - inadequate -
Al-Alimi Discusses Humanitarian Crisis with UN Official
Yemen Calls for International Action to Protect Jerusalem
Foreign Minister Discusses Humanitarian Situation, Houthi Escalation With ICRC
Coalition Says It Intercepted Two Ballistic Missiles, Two Drones Launched Toward Saudi Arabia
Foreign Minister Stresses Investment in Children, Protection of Health and Nutrition Services
Al-Alimi, Arab League Chief Discuss Yemen and Arab National Security
Foreign Minister Praises Germany’s Stance Against Houthi Attacks, its Contribution to Protecting Freedom of Navigation
Local Authority in Marib Signs Memorandum of Understanding with British Organization to Fund, Implement Water Sector Project
Al-Alimi Discusses Yemen Developments, Red Sea Security with EU Official
President al-Alimi: Armed Forces Capable of Taking Lead in Fighting, Eliminating Houthi Threat
