On Saturday, December 14, 2024, the Yemeni rial experienced a significant and unexpected rise against both the US dollar and the Saudi riyal. A large disparity in exchange rates was observed between Sana a and Aden.Yemeni Rial Exchange Rates Against the US Dollar:Sana a...

Deputy Central Bank official Mekbai announced on Saturday the start of the second phase of Yemen’s currency stabilization plan, under directives from Prime Minister Dr. Salim bin Buraik. The new phase sets the official exchange rate at 300 Yemeni riyals per US dollar.Me...

The P.T.C.O Yemen platform, dedicated to tracking organized crime and money laundering activities, has revealed a new list of 35 companies allegedly functioning as economic tools for the Houthi militia. This disclosure is part of a series of reports focusing on the mili...

A wide-ranging meeting was held today in Mecca, chaired by Yemen s Minister of Industry and Trade, Mohammed Al-Ashwal, with the participation of the Yemeni Business Council, Yemeni businessmen, and investors. The meeting discussed Yemen s participation in the upcoming Y...

The Central Bank of Yemen in the temporary capital, Aden, has ordered all exchange companies and money transfer networks to cease buying and selling foreign currencies. This move aims to limit the ongoing collapse of the Yemeni rial in areas under the control of the int...

Reports from Iraq suggest that the country is close to announcing a monumental discovery: a massive oil lake described as the largest in its history and potentially in the world. This discovery is expected to revolutionize Iraq’s economy and significantly impact the glo...

In a groundbreaking geological discovery, China’s Hunan Province has unveiled what may be the largest and richest gold deposit ever found, containing an estimated 1,000 tons of high-grade gold ore. According to Science Alert, geologists found 40 gold veins at a depth of...

A recent international economic report by Visual Capitalist has ranked Yemen as the second poorest country in the world for 2025, with a GDP per capita of less than $400 per year, placing it just above South Sudan, which topped the list. The report highlights Yemen’s de...

A severe liquidity crisis is unfolding in Sanaa and other areas under Houthi control, threatening a total collapse of the banking sector, according to local sources. All major banks and money exchange shops in the capital are reportedly suffering from a drastic cash sho...

The 5th edition of the Qatar Economic Forum officially opened today in Doha under the theme "A Road to 2030: Transforming the Global Economy." The event gathered international leaders, investors, and economists to discuss the evolving challenges and opportunit...