Yemen's economy facing imminent collapse, says minister

Tariq Saleh Discusses International Efforts to Tackle Climate Change with Turkish Vice President

Member of the Presidential Leadership Council Tariq Saleh met today with Turkish Vice President Cevdet Yılmaz to discuss international efforts to address climate change and its impact on developing countries, particularly Yemen.

Israeli Occupation Forces Arrest 4 Palestinians in Ramallah

Israeli occupation forces arrested four Palestinians in Ramallah province today, Thursday, after raiding their homes.

Oil declines amid concerns of possible oversupply

Oil prices fell today, Tuesday, as investors weigh the OPEC+ alliance's decision to suspend production increases during the first quarter of next year, amid ongoing concerns about a potential surplus in global supply.

Paris Saint-Germain defeats Nice, underpins their lead in French Ligue 1

Paris Saint-Germain strengthened its lead in the French Ligue 1, after defeating its guest Nice 1-0 in a match held as part of the eleventh round of the French Ligue 1.

Last Update: ، 2025/11/08 Time 02:06:21
Latest News:

President al-Alimi Concludes Visit to Cairo After Participating in Opening Grand Egyptian Museum

Prime Minister Concludes Visit to Qatar After Participating in the Second World Summit on Social Development

PLC Member Tariq Saleh meets Kuwaiti Oil Minister

Transport Minister discusses with Economic Advisor to UN Envoy economic situations, navigation traffic

Minister al-Soqatri discusses with FAO joint 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.