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2026/09/13
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Latest News:
MASAM Removes 2166 of Houthi-Laid Landmines, UXO In 11 Days
Foreign Minister Calls ON UNHCHR To Move Quickly To Protect Civilians, Document Houthi Violations
Council of Ministers Takes Practical Measures To Respond to Houthi Escalation Implications
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Latest News:
MASAM Removes 2166 of Houthi-Laid Landmines, UXO In 11 Days
Foreign Minister Calls ON UNHCHR To Move Quickly To Protect Civilians, Document Houthi Violations
Council of Ministers Takes Practical Measures To Respond to Houthi Escalation Implications
Yemeni Rights Network Documents 958 Houthi Violations in Nine Days
Yemen Ambassador, EU Official Discuss Houthi Escalation, Maritime Security
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.
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.
Key words:
Reconstruction - SABA Minister - unprecedented - International - difficulties - depreciation - coordination - unemployment - Minister - contributed -
Foreign Minister Discusses with Her Somali Counterpart Cooperation in Maritime Security
MASAM Removes 2166 of Houthi-Laid Landmines, UXO In 11 Days
Yemeni Rights Network Documents 958 Houthi Violations in Nine Days
Yemen Ambassador, EU Official Discuss Houthi Escalation, Maritime Security
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President al-Alimi Praises Egypt's Stance In Support of Yemeni People
