Gov.: The only way to achieve peace, stability in Yemen, region is to end Houthi coup
The Republic of Yemen has affirmed that the only way to achieve peace and stability in Yemen and the region lies in ending the Houthi coup and restoring the state.
Bulgarian Tourist Union to Celebrate 130 Years of Organized Tourism in Bulgaria
The Bulgarian Tourist Union (BTU) will organize a hike for hundreds of mountain lovers, starting from the Ivan Vazov National Theatre to Mt. Cherni Vrah, to celebrate 130 years of organized tourism in Bulgaria.
Austrian central bank expects 0.3 percent growth in 2025
The Austrian Central Bank expects the local economy to record a slight growth in GDP of 0.3 percent for the current year 2025, thus avoiding entering a third year of recession, following stronger than expected economic performance in the first half of the year.
Leeds United beat Everton in English Premier League
Leeds United beat Everton 1-0 at Elland Road in the final round of the English Premier League.
User Name: Password:
Yemen GDP loses rose up to $126b, says Minister
[15/02/2022 01:51]
CAIRO-SABA
Minister of Planning and International Cooperation Dr. Wa'id Badhib said " As a result of the ongoing war Yemen's Gross Domestic Product (GDP) has contracted with 50 % during the time from 2014 to 2019, while total cost of the GDP rose up to 126 billion USD in 2020 according the UNDP's study".

He revealed staggering figures of Yemen's national economy's loses " Deficit of state's general budget increased to 15% in 2016, taxes incomes reduced with 30%, oil and gas exports ceased and revenues declined with 80%", said Badhib.

The Minister stated that national currency's value depreciated with some 500% in comparison to 2014, as many as 42 million of the population now are in need of humanitarian aids, poverty percentages reached 78% in 2016 and unemployment exceed 35%.


Gov.: The only way to achieve peace, stability in Yemen, region is to end Houthi coup
President al-Alimi calls for collective Arab-Islamic measures to curb expansionist policies in the region
Emergency Arab-Islamic Summit Kicks Off in Doha
Leadership Council Chairman arrives in Doha to participate in Arab-Islamic Summit
Yemenia Airways operates its first flights to Ataq Airport in Shabwa governorate
Yemen Central Bank Holds Key Meeting to Address Liquidity Crisis and Strengthen Financial Sector
FM participates in preparatory meeting of Arab-Islamic emergency summit in Doha
Ambassador Murammash Discusses Bilateral Relations with Iraqi Deputy Foreign Minister
Health Minister Reviews National Health Strategy at Military Academy
President al-Alimi leaves Aden to participate in Doha Summit

About Saba News Agency | Usage Agreement | Contact Us