The European Union (EU) delegation in Yemen has expressed its understanding and support for recent decisions made by the Central Bank of Yemen (CBY) in Aden, the country's temporary capital. The CBY has taken steps to protect the Yemeni banking sector from continued violations by the Hou...
The United Nations World Food Programme (WFP) has warned the Houthi authorities of the potential consequences of their decision to ban dollar remittances in areas under their control. The WFP report, published in the London-based newspaper Al-Sharq Al-Awsat on Sunday, June 2, 2024, expre...
The Saudi project to clear Yemeni lands of mines, "MASAM," announced on Sunday, June 2nd, 2024, that it had removed 5,726 mines, unexploded ordnance, and explosive devices during May. According to a statement released by the project, its field teams successfully removed 1,326 unexplod...
Salem bin Berik, the Minister of Finance in the internationally recognized Yemeni government, announced the completion of "approximately 50% of the review of files for processing the cases of employees who were displaced from their civilian, military, and security positions in the southern pr...
On Sunday, June 2, 2024, the Chairman of Yemen's Presidential Leadership Council, Rashad Al-Alimi, reassured the banking sector and the international community about the importance of the Central Bank's recent decisions. These decisions mandate banks and financial institutions in areas con...
The Yemeni Ministry of Interior has announced the arrest of 13 suspects in connection with a bombing attempt on the director of intelligence for the Taiz military axis. In a statement released on Sunday, June 2, 2024, the ministry confirmed that Taiz police apprehended the individuals involved ...
Sana'a, Yemen - In a direct response to the internationally recognized Central Bank of Yemen's (CBY) decision in Aden, the Houthi-controlled branch of the CBY in Sana'a has announced a ban on dealings with 13 local banks. This move marks a significant escalation in the ongoin...
The Houthi leadership has reacted with fury to the Central Bank of Yemen's (CBY) decision in Aden to cease dealings with certain banks and replace old banknotes, accusing Saudi Arabia of being complicit in an "American conspiracy" aimed at undermining their control. In a televised...
The Houthi group, internationally designated as a terrorist organization, issued death sentences against 44 Yemenis on Saturday, June 1st, 2024, including the abducted Adnan Al-Harazi, the director and owner of Prodigy Systems. According to lawyer Abdul Majeed Sabra, in a Facebook pos...
MoneyGram, a leading international money transfer company, announced its commitment to a decision by the Yemeni Central Bank, based in the temporary capital of Aden. The company confirmed its adherence to the decision on Saturday, June 1st, 2024. According to the official Yemeni News Agency (Sa...
Al Rajhi Bank, one of Saudi Arabia's largest financial institutions, has suspended financial transactions and transfers through six Yemeni commercial banks, aligning with a recent decision by the Yemeni Central Bank (CBY) in Aden. The move comes after the CBY, based in the temporary c...
Ahmed Ahmed Ghaleb, Governor of Yemen's Central Bank in the temporarily declared capital of Aden (south Yemen), stated on Friday, May 31, 2024, that the Central Bank has acted responsibly since its relocation to Aden, recognizing the importance of the banking sector, per the Ce...
On Friday, May 31, 2024, the Presidential Leadership Council announced its full support for the decisions of the Central Bank of Yemen, "its measures and policies aimed at protecting the banking system and ending monetary distortions." The Council urged the continuation of &quo...
The Yemeni Central Bank, headquartered in the interim capital of Aden, has suspended dealings with six Yemeni banks and financial institutions for failing to relocate their headquarters to Aden within a 60-day deadline. The decision, announced on Thursday, May 30th, 2024, affects the ...
The Central Bank of Yemen has called upon individuals, commercial establishments, companies, other entities, as well as financial and banking institutions holding old edition banknotes predating 2016, of various denominations, to promptly deposit them within a maximum period of sixty day...
The Saudi Project for the Clearance of Yemeni Lands from Mines (MASAM) announced on Wednesday, May 29th, 2024, that it had removed 1,375 mines, unexploded ordnance, and explosive devices during the past week in various Yemeni governorates. A statement issued by MASAM's operation...
A new initiative aimed at easing the escalating crisis between the internationally recognized Central Bank of Yemen in Aden and its branch in Sana'a, controlled by the Houthi group, was announced on Saturday, May 25th, 2024. The initiative, unveiled by the Economic Reform Team and reported by ...
President of the Presidential Council, Rachad Al-Alimi, has called on the United Kingdom to channel all approved international funding for Yemen through the Yemeni Central Bank in Aden. During a meeting with British Ambassador Abdo Sherif on Sunday, May 26th, Al-Alimi stated that this move would &...
Major General Sultan Al-Arada, a member of the Presidential Council and the governor of Marib province, inaugurated the highly anticipated event titled "Medical Research as a Contemporary Necessity" on Saturday, May 25, 2024. In his opening speech, Major General Al-Arada made a significa...
SANAA, Yemen - May 21, 2024 - In a significant development, the Danish Demining Group (DDG) became the first international organization to conduct a mine clearance operation in Yemen in nine years. The operation, carried out today in the Thobani area of Al Mokha district, Taiz Governorate, focused...