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The Governor of the Central Bank of Yemen in Aden, the temporary capital, Ahmed Ghalib al-Ma'abqi, issued a decision on Thursday, July 11, 2024, to suspend the licenses of six exchange companies and facilities, bringing the total number of companies and facilities whose licenses have been susp...
The Yemeni Rial has plummeted to an unprecedented low against foreign currencies, despite recent interventions by the Central Bank and a new Saudi aid package. Banking sources in Aden, the temporary capital, reported on Monday, July 8, 2024, that the dollar reached 1870 for purchase, up from 16...
The family of prominent Yemeni politician Mohammed Qahtaan, who has been held captive by the Houthi group for ten years, has vehemently rejected the recent announcement from Muscat regarding his potential release. The family issued a statement on Wednesday, July 3, 2024, denouncing the "farce...
Aden, Yemen's interim capital, witnessed a significant move by the Central Bank of Yemen on Thursday, June 27th, 2024, as it suspended the licenses of two exchange companies and closed their branches across the country. This action is part of the bank's ongoing efforts to regulate the bank...