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

Deputy FM, Japanese Ambassador Discuss Bilateral Cooperation in Humanitarian and Development Sectors

Deputy Foreign Minister for Political Affairs, Dr. Mansour Bajash, met with the Japanese Ambassador to Yemen, Yoichi Nakashima, to discuss enhancing bilateral relations and cooperation between the two countries in various fields of mutual interest.

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: ، 2025/12/22 Time 04:25:13
Latest News:

Taiz Governorate Launches YR 350 Sanitation Project with Private Sector Partnership

Mujalli Discusses Latest Developments in Yemen with French Ambassador

Central Bank of Yemen Approves 2026 Budget

MASAM removes 2656 Houthis-laid landmines in 3 weeks

Yemenia Airways Announces Resumption of Flights from Aden to Abu Dhabi

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.