Yemen's national economy lost some $126 billion due to war, says senior official

Mujalli meets with Presidency of Consultation, Reconciliation Authority

Member of the Presidential Leadership Council Sheikh Othman Mujalli met Thursday with the chairmanship of the Consultation and Reconciliation Authority, represented by the Vice-Chairmen of the Consultation and Reconciliation Authority Abdulmalik al-Mikhlafi, Sakhr al-Wajeeh, Jamila Ali Raja, and Akram al-Amiri.

Massive 7.0 Magnitude Earthquake Strikes Alaska, USA

A powerful 7.0 magnitude earthquake struck Alaska, USA, yesterday evening, according to the United States Geological Survey (USGS).

Korean autos exports rise 13.7 percent in November

South Korea's autos exports rose by 13.7 percent year-on-year in November, thanks to a notable increase in shipments of eco-friendly and hybrid models.

Barcelona Consolidates Lead in Spanish La Liga with Win Over Villarreal

Barcelona strengthened its position at the top of the Spanish La Liga table after defeating host Villarreal 2-0 in the 17th round of the competition.

Last Update: ، 2025/12/26 Time 01:02:30
Latest News:

Mujalli meets with Presidency of Consultation, Reconciliation Authority

Saudi Arabia Says STC Moves Has Harmed Yemeni Interests

Government Welcomes Saudi Statement on Hadramout and Mahra Developments

Yemen Ministry of Higher Education Condemns Coercion of Staff for Political Statements

Hadramout Local Authority Reaffirms Loyalty to Government

Yemen's national economy lost some $126 billion due to war, says senior official

[05/10/2022 03:30]

AMMAN - SABA
Vice Minister of Planning and International Cooperation Dr. Nezar BaSoheib stated that the Houthi militias-triggered war has caused the national economy heavy losses estimated at approximately $126 billion, while national currency exchange rates depreciated more than 500% against foreign currencies.

He noted that unemployment percentage increased up to more than 35%, poverty reached nearly 78% therefore 80% of the populations have been seriously affected by the humanitarian crisis.

Dr. BaSoheib revealed these figures as he chaired today, Wednesday, the meeting of the Steering Committee of the Enhancing Economic Survival Project, funded by the European Union, carried out by the Organization of Cooperation and Economic Development (OECD.

A number of senior government's officials contributed to the discussions held in the Jordanian capital Amman.