"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...

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 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...

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...

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...

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...