Economy

Yemeni villages receive 100 tonnes of food from ERC.

Mon, 12/31/2018 - 23:25

People of 25 villages located across Yemen’s Red Sea coast benefited from 100 tonnes of food supplies distributed recently by the Emirates Red Crescent (ERC).

A bank divided: Yemen's financial crisis hits food imports.

Thu, 12/20/2018 - 20:13

Saudi Arabia agreed in July to lend $2 billion to the central bank office located in the southern port of Aden, the seat of the Riyadh-backed government, to help finance imports of basic goods.

Yemen's other war frontline: The central bank.

Tue, 12/18/2018 - 19:38

Cashiers sort through large stacks of money inside a ragged building that is Yemen's central bank, another frontline in a ruinous conflict as it fights to stave off economic collapse.

Coalition issues 157 permits for convoys entering Yemen within three days.

Mon, 12/17/2018 - 23:48

The Arab coalition supporting legitimacy in Yemen said on Sunday that 157 air and land permits were issued to convoys headed to Yemen within the past three days.

New US$140 Million Support for Ongoing Emergency Cash Transfers in Yemen

Sat, 12/15/2018 - 22:42

The World Bank announced a new US$140 million grant to maintain the delivery of emergency cash transfers to 1.5 million poor and most vulnerable Yemeni households, covering a total of 9 million ind

Yemen Needs Additional Economic Assistance To Stabilize Country Beyond 2019 - IMF

Fri, 12/14/2018 - 22:15

Yemen will need economic stabilization assistance beyond next year in addition to the near-term stopgap measures currently in place, the International Monetary Fund (IMF) said in a press release fo

What's in store for the Yemeni rial?

Tue, 12/11/2018 - 21:15

The vital recovery of the Yemeni rial over the last few weeks signals an optimistic change.

Arab coalition pumps in over Dh51 billion aid into Yemen in three years

Sun, 08/05/2018 - 02:45

The UAE and Saudi-led Arab coalition has pumped in $14 billion (Dh51.4 billion) in the last three years to support Yemeni people and is deploying several more aid shipments with strong focus on hea

Cash crisis exposes rift within Saudi-led coalition in Yemen

Mon, 08/14/2017 - 20:50

Yemen's Central Bank says the Saudi-led coalition is "strangling" the economy by preventing planes from flying in newly-minted cash, reflecting a struggle between the government and the United Arab

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