Economy

Yemen’s oil and gas in danger: Ma’rib governor

Tue, 01/06/2015 - 00:09

Oil and gas reserves and facilities in Yemen’s main oil and gas hub are “in danger,” according to the governor of the Ma’rib province, as the Houthi movement continues its attempts to advance on th

Yemen needs 12 years to spend donors' pledges

Wed, 12/24/2014 - 01:34

Yemen will need 12 years and 10 months to be able to spend the rest of pledges made in Riyadh and New York Donors' Conferences, said the Executive Bureau to Accelerate Absorption of Donors' Pledges

Cnooc Unit Suspends Oil Production in Yemen Citing Security Threat

Tue, 12/23/2014 - 05:55

CALGARY—The Canadian unit of China National Offshore Oil Corp., or Cnooc, said Sunday it has halted oil production in Yemen due to an unspecified “security threat” to its personnel in the Arabian c

Yemen's Qaeda names French energy giant Total as 'target'

Tue, 12/23/2014 - 04:15

Al-Qaeda militants have declared that buildings belonging to French energy producer Total in Yemen are "legitimate targets" for their operations.

Yemen, WB sign $ 90 mln grant to protect poorest

Sun, 12/21/2014 - 03:29

WASHINGTON, (Saba) - Yemen and the World Bank (WB) have signed at the WB Group headquarters in Washington a draft urgent grant worth $ 90 million for Yemen.

Houthis take control of Central Bank of Yemen: sources

Sat, 12/20/2014 - 02:54

Yemen’s Houthi movement seized control of key government institutions in Sana’a on Wednesday, including the Central Bank and the Department of Civil Status and Civil Registration, directing a new b

Yemen foreign reserves lowest since June

Mon, 12/08/2014 - 02:40

Yemen's gross foreign currency reserves slipped to $4.9 billion in October, the lowest level since June, as oil exports fell, exposing the country's fragile public finances, central bank data showe

Saudi Arabia offers $54 million food aid to Yemen

Tue, 12/02/2014 - 22:21

The Saudi ambassador in Sanaa, Mohammed Saeed Al-Jaber, revealed on Monday that his country will provide food aid worth $54 million to Yemen to support nearly 45,000 Yemeni families, the official Y

Yemen Could Face Economic Collapse If Saudi Arabia Pulls Financial Support – Analysis

Tue, 12/02/2014 - 21:58

Saudi Arabia is considering stopping financial support to Yemen, a move that could tip the country further towards economic collapse, Yemeni, Saudi and Western officials have said.

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