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...

Ali Al-Ghulaisi, press secretary to the Presidential Leadership Council member and Governor of Marib, affirmed that Marib has evolved beyond being a mere geographic province and has become an influential national center in politics, economy, media, culture, and sports.I...

"Galaxy," one of the most prominent tourist and commercial landmarks in Yemen’s capital Sana’a, has permanently closed its doors, shocking business circles and the public. The closure comes after years of relentless and unlawful financial levies imposed by the...

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 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...

emen International Bank, one of the country’s oldest and largest commercial banks, has strongly rejected the U.S. Department of the Treasury’s decision to place it and three of its executives on the OFAC sanctions list, describing the move as politically motivated and d...

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...

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...

ocha Center: Targeting Civil Facilities Deepens the Crisis and Destroys Yemen’s ResourcesThe Mocha Center for Studies has warned of the dangers posed by ongoing Israeli attacks on Yemen s critical infrastructure, stating that these strikes threaten the remaining resourc...