President al-Alimi congratulates on Algeria's Independence
Chairman of the Presidential Leadership Council Dr. Rashad Mohammed al-Alimi sent Saturday a congratulatory message to President Abdelmadjid Tebboune of the People's Democratic Republic of Algeria on the occasion of the anniversary of his country's independence.
Gaza Death Toll Rises to 55,297 Amid Ongoing Israeli Aggression
The death toll from the Israeli genocidal war on the Gaza Strip since October 7, 2023, has risen to 55,297, with 128,426 injured, the Ministry of Health in afflicted Palestinian enclave said. The majority of the victims are women and children.
U.S. President plans to increase tariffs on steel, aluminum imports
U.S. President Donald Trump confirmed his intention to increase tariffs on foreign imports of steel and aluminum from 25% to 50%, which will increase pressure on steel producers worldwide and threaten to escalate his trade war.
Saudi Al-Hilal FC Eliminated from FIFA Club World Cup After 2-1 Defeat to Fluminense
Saudi Al-Hilal FC has been eliminated from the 2025 FIFA Club World Cup after suffering a 2-1 defeat to Fluminense FC from Brazil in the quarterfinals. The match was held at the Camping World Stadium in Orlando, Florida.
User Name: Password:
Badhib: GDP declines 50 percent, inflation rises 200 percent due to Houthis' attacks on oil exports docks
[04/02/2025 04:08]

ADEN - SABA
Minister of Planning and International Cooperation Dr. Waed Badhib blamed the Iranian regime backed terrorist Houthi militias for inflicting crippling loses on the Yemeni national economy and seriously exacerbating the economic hardships the Yemeni people have been enduring.

He noted that the Houthi militias economic escalation and attacks on oil export ports led to a decline in the Gross Domestic Product (GDP) by more than 50 percent, while cumulative inflation rose up above 200 percent and the value of the Yemeni riyal depreciated by 700 percent since 2014.

Dr. Badhib's made his statement as he contributed via video conference to the Joint Technical Committee for Determining Yemen's Development Needs held a meeting today, Tuesday, in its twenty-second session with a participation by the Assistant Minister of Foreign Affairs for Development and International Cooperation in the State of Kuwait, Minister Hamad Suleiman al-Mishaan, the Ambassador of the Gulf Cooperation Council countries to Yemen Sarhan al-Munaikher, the Assistant Supervisor General of the Saudi Program for the Development and Reconstruction of Yemen (SPDRY) Eng. Hassan al-Attas and representatives of Arab and Gulf funds and international institutions.

The Minister of Planning praised the pioneering and pivotal role of the Kingdom of Saudi Arabia in providing substantial support through the SPDRY, which carried out 227 vital projects at a total cost of 861 million dollars the areas of health, education, water and energy sectors. Adding to that there are presently 37 projects are being implemented at a cost of 241 million dollars.


President al-Alimi congratulates on Algeria's Independence
President al-Alimi congratulates anniversary of Venezuela's Independence
Yemeni Minister of Health Signs Strategy to Increase Vaccination Rates
President al-Alimi congratulates President Trump on U.S. Independence
Yemenia launches third flight to Dubai, announces new destinations
Nimer discusses with King Salman Center, Charitable Alliance food aid project in Mahra
Yemeni Ambassador Discusses Humanitarian and Development Support with German Ministry Officials
Environment Minister Discusses Enhanced Cooperation with French Ambassador
Fourteen Civilians Injured in Houthi Militia's Attack on Fuel Station in Taiz
Parliament's presidency holds meeting in Aden

About Saba News Agency | Usage Agreement | Contact Us