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’...
On November 2, 2024, the Yemeni Presidential Leadership Council reiterated its commitment to taking "full responsibility" for alleviating the country's dire living conditions. The council expressed its unwavering dedication to strengthening unity and focusing on the critical battle t...
Yemeni Prime Minister Ahmed Awad bin Mubarak has emphasized the need for intensified efforts to crack down on illegal currency exchange operators and speculators across all liberated provinces, as the national currency continues to plummet in value. According to the official Yemeni News Agency ...
On Monday, October 28, 2024, Ahmed Ghaleb Al-Maabqi, the Governor of the Central Bank of Yemen, presented a proposal to the World Bank focusing on key priorities for developing the monetary sector in Yemen. This presentation took place during a meeting with Waed Bazeeb, the Minister of Planning...
An economic meeting chaired by Rashad Alimi, President of the Presidential Leadership Council, was held on Sunday to expedite the implementation of a "rescue plan" aimed at curbing currency speculation and enhancing regulatory measures to support the independence of the Central Bank of Y...