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

Al-Arada Highlights Yemen's Need For An Effective International Partnership To Manage Security, Economic Challenges

The Member of the Presidential Leadership Council (PLC), Governor of Marib governorate Sultan al-Arada stressed that Yemen today needs a more effective international partnership to support state institutions and upgrade their capacities in order to manage security, economic and humanitarian challenges.

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.

German Exports Rise 3.9 Percent

The total of German exports increased by 3.9 percent during the first half of 2026 compared to the same period last year, reaching 817.8 billion euros.

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: ، 2026/08/28 Time 12:17:27
Latest News:

Taiz Governor Discusses Emergency Preparedness, Response Plan with International, Local Organizations

Yemen Joins 23rd Session Of Council Of Foreign Ministers of OIC

Speaker of Parliament Discusses Yemen’s Developments with British Ambassador

Council Of Ministers Approves Significant National Strategies, International Agreements

Foreign Minister: Restoring State Is Key to Yemen, Gulf and Red Sea Security

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.