Yemeni families across the country are struggling with the rising cost of living as the local currency continues to plummet. The situation is worsening as the holy month of Ramadan approaches, traditionally a time of increased spending on food and other goods. A decade of war has left many Yeme...
Exchange companies in Marib Governorate, northeastern Yemen, closed their doors on Thursday following a directive from the Central Bank of Yemen in Aden. Local and banking sources told "Barran Press" that the closure, intended to stabilize the rapidly declining Yemeni riyal, has resulted...
The Central Bank of Yemen, based in Aden, on Wednesday accused government bodies of hindering the utilization of crucial resources needed to fund essential services. The Bank expressed its disappointment with the government's inaction in mitigating the impact of attacks by the Iran-backed H...
Aidarous al-Zubaidi, a member of the Presidential Leadership Council and head of the Southern Transitional Council (STC), called on the Council and the government to take "urgent action to provide essential services, pay salaries, and find solutions to revitalize the country's economic re...
The Yemeni rial plummeted to a historic low against foreign currencies today, exacerbating the country's ongoing economic crisis. Banking sources in Aden, the interim capital, reported that the US dollar reached a record high of 2,306 rials.The Saudi riyal also fluctuated sharply, trading at 6...
In the closing months of 2024, Yemen's economic crisis reached its peak, leaving the internationally recognized government unable to pay employee salaries for several months. Desperate, the Yemeni government appealed to the international community for aid. Following a series of meetings held b...
MARIB, Yemen — The local authority in Marib Governorate has approved a monthly incentive of 70,000 Yemeni riyals for all teachers actively working in the region. This decision, announced by the governor, Major General Sultan Al-Aradah, is part of efforts to support educators amid ongoin...
On December 26, 2024, the internationally recognized Yemeni government approved a governmental economic plan focusing on urgent priorities and established an executive framework for its implementation. An oversight committee was also formed to monitor the progress of the plan's execution. T...
On December 11, 2024, the Houthi group, classified as a terrorist organization internationally, announced their readiness to "move forward with signing the economic agreement and ensure its implementation," provided they receive certain guarantees. This marks the first time the Houthi...
On December 11, 2024, the Central Bank of Yemen, based in the temporary capital of Aden, announced the official implementation of the International Bank Account Number (IBAN) system for local and international money transfers. The announcement was made during a comprehensive meeting organized b...
On Thursday, November 28, 2024, the Board of Directors of the Central Bank of Yemen concluded its tenth session by addressing critical developments in the financial and monetary sectors and related indicators. In a statement published on its website and reviewed by Bran Press, the bank highligh...
On Wednesday, November 27, 2024, the Yemeni Presidential Leadership Council convened for the third time in a week to discuss recent developments on the national and regional fronts, as well as the current economic situation and a review of previous decisions. The meeting, chaired by Council Pre...
In an interview with Barran Press on Saturday, November 23, 2024, former Yemeni President Ali Nasser Muhammad shared his insights on the performance of the Presidential Leadership Council and the internationally recognized Yemeni government, particularly regarding the provision of essential servic...
Yemeni Government Discusses Customs Exemptions and Economic Improvements with UN Officials On Tuesday, November 19, 2024, Yemen's internationally recognized Minister of Finance, Salem bin Buraik, held separate meetings with UN officials to discuss customs exemptions and improving economic a...
On Monday, November 18, 2024, the Marib General Conference held its first session to announce its administrative structure, including the presidency, general secretariat, departments, and the oversight and inspection committee. Abdulhaq Ali Al-Qabali was named the president of the conference. T...
A recent economic study revealed that Yemen's budget has become heavily reliant on foreign aid, accounting for more than 30% of its total revenue. The report, published by the Yemeni Future Center for Strategic Studies, highlights that in 2014, foreign aid represented 43% of the country’...
The Central Bank of Yemen’s Lahj branch announced on November 12, 2024, that it has closed several non-compliant money exchange facilities that have not obtained official licenses to operate from the bank. According to Yemen’s official news agency, Saba, the bank's closure...
The National Coalition of Yemeni Political Parties and Components convened its first meeting on November 7, 2024, emphasizing the importance of fostering communication among political forces to establish a unified national front aimed at achieving national aspirations. The meeting, held in the ...
The internationally recognized Yemeni government held an extensive meeting on November 7, 2024, to evaluate a comprehensive economic rescue plan aligned with its priorities of restoring state authority, ending the Houthi insurgency, and achieving peace. The extraordinary meeting, chaired by Pri...
On November 3, 2024, the Public Prosecution, in collaboration with the Central Bank and security forces, closed 11 non-compliant currency exchange companies in Al-Mahra province as part of a broad initiative to regulate currency trading and combat speculation. According to the official Yemeni N...