Yemen's economy facing imminent collapse, says minister

Yemen’s Ambassador Discusses Developments in Yemen, Iranian Violations with Lebanese Information Minister

Yemen’s Ambassador to Lebanon Abdullah Aal-Duais discussed Thursday with Lebanese Information Minister Paul Morcos latest developments in Yemen and ways to strengthen bilateral cooperation, particularly in the media sector.

U.S. Extends Work Permits for Temporary Protected Status Holders

The U.S. administration has extended work permits for hundreds of thousands of migrants from Haiti and six other countries who are protected under the Temporary Protected Status (TPS) program, just hours before the permits were due to expire.

Oil price tops $100 a barrel

Oil prices jumped above $100 per barrel today, Monday, as the U.S. Navy prepares to take control of ship movements in the Strait of Hormuz.

England Claim FIFA World Cup 2026 Bronze with Victory over France

England secured third place at the 2026 FIFA World Cup after defeating France 6-4 in the third-place playoff on Saturday.

Last Update: ، 2026/07/24 Time 12:15:53
Latest News:

Republican Decree About Limited Cabinet Reshuffle in Dr. Shaya Zindani's Government

France Condemns Houthi Militias Attacks in Red Sea, Confirms its Commitment to Protecting Navigation ..

European Union: Houthi Militias Attack on Saudi Oil Tanker Unacceptable, Illegal

Qatar Strongly Condemns Houthi Militias Targeting Saudi Ship, Describing It Threat to Global Energy ..

African Union Condemns Houthi Attacks on Red Sea Shipping, Warns of Serious Risks to Africa

Yemen's economy facing imminent collapse, says minister

[15/12/2021 02:21]

RIYAHD-SABA
Minister of Finance Salim bin Bureik said" the Yemeni economy is facing formidable challenges and difficulties putting it at the edge of downfall, with serious depreciation of national currency value and $1 exchange rates exceeding 1500 (YR), as a result inflation percentages hit unprecedented high records, likewise unemployment rates and numbers of the people under poverty line".

His remarks came as he contributed to the first workshop on building capacities of the Finance Ministry held here today in Riyadh in coordination between the Ministry and Saudi Program for Development and Reconstruction Yemen (SPDRY).

Bin Bureik underscored Yemen's need for urgent assistance by the Kingdom of Saudi Arabia and the SPDRY. He stated that Yemen today is really in dire need for Saudi support more than ever before to bail out the national economy.

Minister of Planning and International Cooperation Dr. Wa'id Badhib, Suadi Ambassador, general supervisor of the SPDRY Mohammed al-Jaber, Head of the GCC's Mission in Yemen Ambassador Sarhan al-Manikher were in attendance.