Badhib: GDP declines 50 percent, inflation rises 200 percent due to Houthis' attacks on oil exports docks

Houthi Militia Shells Road Construction Equipment in Same'a, Threatens CARE Organization

The Houthi terrorist militia, backed by the Iranian regime, shelled road construction equipment in the Same'a district of Taiz governorate using a drone, damaging the machinery and injuring several workers.

German Chancellor Says Europe Must Stand Strong

German Chancellor Friedrich Merz has called on Europeans to strive for greater autonomy, emphasizing the need for Europe to defend itself using its own capabilities, given the shift in transatlantic relations.

China's foreign exchange reserves rise to $3.3991 trillion

China's total foreign exchange reserves made $3.3991 trillion at the end of last January, marking an increase of $41.2 billion, or 1.23 percent, compared to the end of December last year.

Saudi League: Al-Nassr, Al-Ettifaq and Neom Secure Victories Over Al-Ittihad, Damac and Al-Riyadh

Al-Nassr defeated its guest Al-Ittihad 2–0 in the match that brought them together at Al-Awwal Park Stadium in Riyadh, as part of the 21st round of the Saudi Professional League.

Last Update: ، 2026/02/14 Time 01:55:34
Latest News:

President al-Alimi, Kuwaiti Prime Minister discuss bilateral relations, needed support for new government ..

President al-Alimi calls for 'Gulf Marshall Plan' to reconstruction of Yemen

President al-Alimi: The security of waterways contingent on building Yemeni state institutions, deterring ..

President al-Alim participates in opening session of International Security Conference

Al-Arada meets with UNESCO representative

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.