Central Bank in Aden Suspends Licenses of 7 Exchange Companies

Central Bank in Aden Suspends Licenses of 7 Exchange Companies

The Central Bank of Yemen, based in the temporary capital of Aden, announced on Wednesday, July 3, 2024, the suspension of licenses for seven exchange companies as part of its latest stringent measures to regulate the banking sector. Decision No. 28 of 2024, issued by the bank, revoked the lice...

Houthi Attacks in Red Sea Fuel Somali Piracy Surge: Bloomberg

Houthi Attacks in Red Sea Fuel Somali Piracy Surge: Bloomberg

The US-based news agency Bloomberg reported on Wednesday, July 3, 2024, that attacks launched by the Houthi group, designated as a terrorist organization by several countries and backed by Iran, in the Red Sea have led to a resurgence of piracy networks off the coast of Somalia. Citing Ignacio ...

Yemen Mobile Backtracks on Internet Price Hike After Public Outrage

Yemen Mobile Backtracks on Internet Price Hike After Public Outrage

Yemeni mobile phone company, Yemeni Mobile, reversed its controversial price increase on "4G" internet packages on Wednesday, July 3, 2024, following widespread public anger and protests across the country. The company announced a new offer for "new 4G internet packages" on ...

Marib Faces Environmental Crisis: Sewage Threatens Health and Future

Marib Faces Environmental Crisis: Sewage Threatens Health and Future

Marib, a bustling hub of development and commerce, is facing a looming environmental catastrophe, according to Abdullah al-Bakri, the Deputy Governor of Marib for Administrative Affairs. Al-Bakri stated on Monday, July 1st, 2024, that the lack of proper sewage infrastructure poses a "major en...