ADEN, Yemen — On January 6, 2025, Mohammed Banajah, Deputy Governor of the Central Bank of Yemen, emphasized that Islamic sukuk are not merely financial instruments but essential pillars for achieving financial and monetary balance. This statement was made during a meeting he chaired at t...
On December 21, 2024, the Marib Governorate celebrated the opening of a new branch of Al-Qutaibi Islamic Microfinance Bank, bringing the total number of banks in the oil-rich province to 13. Abdullah Al-Bakri, the deputy governor for administrative affairs, inaugurated the branch along wit...
On December 12, 2024, the Islamic Resistance Movement, Hamas, urged fighters in the West Bank to "intensify their operations against enemy soldiers and settler groups" in support of Gaza and to thwart Israeli plans for territorial annexation. In a statement released by the military wi...
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, December 5, 2024, the World Bank launched its Climate and Development Report for Yemen in Aden, the country’s temporary capital in the south. This report, developed in partnership with the internationally recognized Yemeni government, aims to address the urgent climate challenge...
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...
ADEN, YEMEN – The Central Bank of Yemen (CBY) in Aden strongly refuted allegations circulating on social media that it was involved in smuggling large sums of money through official channels under the governor's signature. A senior bank official stated that all funds transferred through ...
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 Yemeni Islah Party emphasized the need to support the Central Bank in Aden to resume salary payments for public employees, in accordance with the 2014 payroll records, during a meeting on November 9, 2024, with the UN Special Envoy to Yemen. The party's vision for peace in Yemen, which has...
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...
A recent report from the World Bank, released on October 31, 2024, outlines several recommendations to address the financial challenges and mitigate the economic pressures plaguing Yemen, largely due to the ongoing suspension of oil exports. The report highlights that the halt in oil exports, c...
ADEN, YEMEN — On Wednesday, October 30, 2024, the Southern Transitional Council (STC) issued a warning regarding the Central Bank of Yemen's ongoing currency auction practices, claiming that the majority of the funds are benefiting the Houthi-controlled areas rather than local markets in...
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...
On Monday, October 28, 2024, the Yemeni Central Bank, based in the temporary capital of Aden, announced the results of its 13th public auction for the year, aiming to sell a total of $30 million. According to a statement published on its official website & reviewed by Barran Press, the Cent...
WASHINGTON, D.C. — On Wednesday, October 23, 2024, Yemen's Finance Minister, Salem bin Brik, and Central Bank Governor, Ahmed Ghaleb, held a series of intensive meetings in Washington, D.C., aimed at securing financial resources from the Arab and International Monetary Funds to address t...
In his first statement since rescinding his resignation in July, Ahmed Al-Maabqi, the Governor of the Central Bank of Yemen, announced on Thursday, October 24, 2024, that Yemen has lost over $6 billion in domestic resources over the past 30 months. This loss is attributed to the cessation of oil a...
Since the beginning of last week, Aden, the declared interim capital of Yemen, has witnessed intensified government efforts aimed at stabilizing the local currency and preventing its complete collapse. The Yemeni rial has recently plummeted, with the dollar exceeding 2,000 rials, marking the lowes...
The Central Bank of Yemen (CBY), based in the temporary capital of Aden, announced a public auction for the sale of USD 30 million on Monday, October 28th, 2024. This was revealed in Auction Announcement No. (13-2024), published on the CBY's official website. The auction, conducted via the ...
The internationally recognized Yemeni government announced a series of measures aimed at stabilizing the national currency and preventing further devaluation of exchange rates during a Cabinet meeting on Monday, October 21, 2024, in Aden, the country’s temporary capital. During the meetin...
The Central Bank of Yemen in Aden, the country's temporary capital, announced the results of its twelfth auction for 2024 on Sunday, where it offered $50 million for sale. According to a statement on the bank's official website & seen by Barran Press, a total of $25.247 million was ...