Protests Erupt in Hadramawt Over Deteriorating Conditions

Protests Erupt in Hadramawt Over Deteriorating Conditions

HADRAMAWT, Yemen In the past few hours, several cities in Hadramawt Governorate have witnessed angry demonstrations and motorcycle rallies in response to the collapse of the national currency and a decline in public services. In Mukalla, the capital of Hadramawt, a symbolic women's mar...

Central Bank Governor Ahmed Al-Maabqi: Yemen Has Lost Over $6 Billion

Central Bank Governor Ahmed Al-Maabqi: Yemen Has Lost Over $6 Billion

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...

Central Bank of Yemen Announces $30 Million Public Auction

Central Bank of Yemen Announces $30 Million Public Auction

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 ...

Central Bank of Aden Sells $25 Million in Latest Currency Auction

Central Bank of Aden Sells $25 Million in Latest Currency Auction

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 ...

Report: Displacement in Marib Increases as Economic Conditions Worsen

Report: Displacement in Marib Increases as Economic Conditions Worsen

A government report released on Sunday revealed that 118 families, totaling 716 individuals, were displaced to Marib province in northeastern Yemen in September. Additionally, 263 families moved from rented homes to camps due to deteriorating economic conditions. The report, issued by the Execu...