Yemen's Central Bank Bans 12 Unlicensed E-Payment Entities and Services

Yemen's Central Bank Bans 12 Unlicensed E-Payment Entities and Services

The Central Bank of Yemen, headquartered in the temporary capital Aden, has issued a directive banning all dealings with 12 unlicensed entities, wallets, and electronic payment services. The directive, issued on Wednesday, June 26th, 2024, applies to all banks, exchange companies, and money transf...

Saudi Project "MASAM" Removes 645 Mines in Third Week of June

Saudi Project "MASAM" Removes 645 Mines in Third Week of June

The Saudi Project for the Clearance of Yemeni Lands from Mines (MASAM) announced on Monday, June 24, 2024, that it had removed 645 mines during the third week of June in various Yemeni governorates. The project stated that the mines were planted by the Houthi group, designated as a terrorist organ...

Yemeni Rial Expected to Plummet Further Amid Banking Crisis, Warns FAO

Yemeni Rial Expected to Plummet Further Amid Banking Crisis, Warns FAO

The Food and Agriculture Organization of the United Nations (FAO) has issued a stark warning, predicting a significant and rapid decline in the value of the Yemeni Rial in government-controlled areas over the next four months. The organization estimates a monthly depreciation of at least 5% due to...