Yemen's economy facing imminent collapse, says minister

Head of Customs Authority Discusses Development of Procedures with UN Envoy’s Economic Affairs Assistant

The Head of the Customs Authority Abdulhakim al-Qubati, discussed Tuesday with the UN Envoy’s Assistant for Economic Affairs, Dirk Jan and the Director of the UN Envoy’s Office in Aden the efforts of the Customs Authority in implementing the government’s reform plan aimed at strengthening and developing customs procedures in a way that helps increase revenues.

Bulgaria's Kozloduy Nuclear Plant Partners with 4 Universities to Train Future Staff

Kozloduy Nuclear Power Plant (NPP) - New Builds EAD signed framework agreements with four Bulgarian universities to collaborate on staffing future projects, attended by Energy Minister Zhecho Stankov and Education Minister Krasimir Valchev.

Saudi-French Businesses Forum kicks-off its sessions

The Saudi Minister of Commerce, Chairman of the Board of Directors of the General Authority for Foreign Trade Dr. Majid al-Qasabi and the French Minister Delegate for Foreign Trade and French Attraction Nicolas Forissier inaugurated yesterday, Saturday, the Saudi-French Business Forum.

Croatia Qualifies for 2026 World Cup with Thrilling Win Over Faroe Islands

Croatia secured a spot in the 2026 World Cup in the United States, Mexico, and Canada after defeating the Faroe Islands 3-1.

Last Update: ، 2025/11/25 Time 05:35:50
Latest News:

Taiz Governor Discusses with UN Resident Representative Coordination of Efforts to Ensure Continuity ..

Houthi militias responsible for 40 thousand violations against women in 10 years

Strategic Dialogue Conference underscores need to support capacities of Ministry of Health

Leadership Council Reaffirms Support for Comprehensive Reforms and Praises Military Readiness

Governor of CBY, Russian Ambassador discuss financial, monetary cooperation

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.