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Economy

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Tuesday, 18 February, 2025 - 8:15 PM

Exchange companies in Marib remain closed despite Central Bank directives

The Yemeni Money Changers Association in Ma'rib Governorate announced on Tuesday that exchange companies and establishments in the governorate would remain closed, despite the Central Bank announcing the resumption of their work.

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Monday, 17 February, 2025 - 10:10 PM

Marib.. The Central Bank directs the resumption of exchange companies’ activities with new controls

The Central Bank of Yemen branch in Marib directed, on Monday, the resumption of the activity of exchange companies and establishments in the governorate, after a temporary halt that lasted for several days, as part of new regulatory measures aimed at controlling the foreign exchange market.

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Monday, 17 February, 2025 - 7:49 PM

Aden Electricity Corporation terminates contracts for purchased energy operating on diesel fuel

The General Electricity Corporation in the interim capital, Aden, has ended work on purchased energy contracts that run on diesel fuel, in a move aimed at reducing expenses and improving the efficiency of electricity supplies.

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Sunday, 16 February, 2025 - 8:25 PM

Yemen signs agreement with Arab Monetary Fund to restructure its debts

The Yemeni government has signed an agreement with the Arab Monetary Fund to restructure Yemen's debts to the fund, including the repayment of some loans and installments, in a move aimed at improving the government's financial situation and supporting development projects and economic reforms.

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Saturday, 15 February, 2025 - 9:07 PM

Badib: All sensitive government communications are away from the Houthis and will be released with the post office soon

The Acting Minister of Communications confirmed that basic communications in the legitimate areas are no longer covered by Sana'a, and that any user of (Starlink) will be registered with the ministry in Aden.

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Thursday, 13 February, 2025 - 10:05 AM

The Central Bank directs the cessation of foreign currency buying and selling operations in the liberated areas

The Central Bank of Yemen in the interim capital, Aden, directed all exchange companies and establishments and the unified money network to stop buying and selling foreign currencies, in an attempt to limit the collapse of the Yemeni riyal in areas under the control of the legitimate government.

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Wednesday, 12 February, 2025 - 9:11 PM

In protest against the collapse of the currency, the Central Bank of Marib directs the closure of exchange companies in the governorate

On Wednesday, the Central Bank of Yemen branch in Marib governorate ordered the closure of all exchange companies in the governorate in protest against the collapse of the national currency against foreign currencies.

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Wednesday, 12 February, 2025 - 10:24 AM

International Chamber of Shipping: Return of navigation to the Red Sea as before may take a few months

The Secretary-General of the International Chamber of Shipping (ICS), Guy Platten, confirmed that the return of major shipping lines to transit the Red Sea and Suez Canal, as before, may take a few months.

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Tuesday, 11 February, 2025 - 7:23 PM

The Central Bank organizes a training workshop on the prohibition of disclosing secrets and preparing administrative reports

The General Administration of Legal Affairs at the Central Bank of Yemen, in coordination with the Training and Qualification Department at the Attorney General’s Office, organized today in the interim capital, Aden, a specialized training workshop on prohibiting the disclosure of secrets and preparing seizure reports and administrative reports.

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Tuesday, 11 February, 2025 - 7:48 AM

How do Yemenis live amid the deterioration of the riyal and the decline in aid?

The deterioration of living conditions in Yemen continues with an unprecedented decline in the currency, as the dollar price reached for the first time about 2,300 riyals in areas controlled by the government, while the dollar remains at around 535 riyals in areas controlled by the Houthis, which also suffer from economic stagnation accompanied by poverty, unemployment and the absence of regular salaries for employees.

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