Banking sources confirmed that Houthi militants have taken control of "Yemen and Gulf Bank" in the Houthi-held capital, Sanaa. The group appointed Raed Al-Shaer, nephew of the notorious former judicial custodian Saleh Al-Shaer, as the new custodian of the bank...

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...