In a significant move to boost economic ties, the Saudi-Yemeni Business Council announced on December 22, 2024, the establishment of three joint Saudi-Yemeni companies aimed at enhancing trade and investment. The announcement came during the council's meeting in Mecca, attended by over 300 inv...
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...
On November 1, 2024, security and judicial authorities in Aden, Yemen's temporary capital, closed over 26 currency exchange shops as part of a broader government initiative aimed at stabilizing the national currency, which has been experiencing continuous decline. According to the media cen...
The Houthi group, designated as a terrorist organization by several countries, closed down 10 pharmaceutical companies in the capital Sana'a on Tuesday, July 16, 2024. This action comes just days after they seized control of two major pharmaceutical companies, "Al-Alamia" and "A...
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...