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Sep 18, 2012 - 9:48:53 PMYemen government seeks $ 11 billion from donors
Sep 1, 2012 - 7:51:27 PM
The Yemeni government will ask donors for US$11 billion in Riyadh conference which will be held on the 4 and 5 of September, said Minister of Planning and International Cooperation Dr. Mohammed al-Sa’adi on Wednesday.
Indonesia’s Medco Energi buys RIL’s stake in Yemen oil block
Aug 10, 2012 - 11:57:44 PM
Reliance Industries Ltd (RIL) has sold its 25 per cent stake in an oil block in Yemen to Indonesia’s Medco Energi for about $90 million (Rs 497 crore), the firm’s second overseas stake sale in one month.
Counterfeit currency enters money market in Yemen
Aug 8, 2012 - 2:13:46 PM
The Central Bank of Yemen issued a warning on Sunday to banks and exchange offices after it was established that counterfeit high-resolution currency had entered the market.
Yemen Ministry of Planning reviews emergency fund
May 8, 2012 - 4:17:15 PM
The Ministry of Planning and International Cooperation “MOPIC” will review in a meeting with representatives of all participating countries the emergency fund draft for 2012 and 2013 estimated to earmark $ 10.4 billion.
Yemen raises capital of the Reconstruction and Development Bank
May 8, 2012 - 4:13:42 PM
The General Assembly of the Reconstruction and Development Bank “RDB” will hold its annual session meeting for approval of final accounts, profit distribution and audit’s reports accounts for the financial year ending in December 31, 2011.
Central Bank of Yemen uses sukuk to purchase consumer commodities
May 8, 2012 - 4:10:54 PM
The Central Bank of Yemen closed subscription to an Islamic sukuk issue that is part of its Salam program -- worth 50 billion Yemeni riyals ($234 million) -- in April.
Yemen accession to WTO contributes to improve its economy
May 8, 2012 - 4:04:08 PMYemen accession to the World Trade Organization (WTO) is a contribution to improve its economic and trade situation, official in WTO has said.
The Political Crisis costs Yemen US$22 billion
May 8, 2012 - 3:56:21 PM
A field study has revealed that the losses sustained by the Yemeni economy during the Year 2011 reached a dizzying US$22 billion. The Study Supervisor "Ahmed Shamakh" who's a Yemeni economic specialist pointed out that the estimations and evaluations included in the study came in light of field reports from many Yemeni governorates and regions which revealed that the amount of direct and indirect damages may exceed US$ 22 billion.
Armed group robs International Bank of Yemen in Aden
May 7, 2012 - 7:58:00 PM
An armed group in al-Mansoura Directorate in Aden, robbed about YR 5 million from a Commercial Bank earlier this week, underscoring the new level of lawlessness in the region.
World Bank allocates $863 for development projects in Yemen
May 7, 2012 - 7:30:27 PM
The World Bank announced allocating US$863 million for development projects in Yemen, said a statement issued by the 26sep.net website on Monday.
Yemen is promoting its Oil industry in Houston, Texas
May 2, 2012 - 10:32:08 AM
Hisham Sharaf, Yemen’s Oil Minister told the press that this year’s participation to Houston Oil conference would help put the country on the map and attract new foreign investors.
Inflation in Yemen, the silent plague
May 1, 2012 - 8:22:15 PM
A recent report of the Development Research Center of Economic and Social studies revealed that the current inflation rate could lead to catastrophic economic and social repercussions in Yemen, sending thousands of yet more families below the poverty line and hence triggering a series of knock down effects throughout Yemen.
IMF allocates over US$ 93.5 million for Yemen
May 1, 2012 - 8:08:49 PM
The International Monetary Fund (IMF) approved on Monday the allocation of an Extended Credit Facility (ECF) for Yemen at a cost of US$ 93,750,000.
Yemen consumers association calls for reducing fees of money transfers
Mar 19, 2012 - 7:54:05 PM
Twelve million Yemeni consumers, with approximately three million under the poverty line, live in an environment threatened by consumption risks, said the Yemeni Consumer Protection Association.
Proposed policies to increase Yemen oil revenues
Feb 12, 2012 - 6:28:09 PM
Oil revenues continue to represent the key source of funding for public expenditure, particularly current expenditure, although the percentage of oil revenues' coverage of public expenditure has declined from 77.4% in 2006 to about 46% in 2009, with the State's General Budget expecting it to hit the figure of 39% only in 2010. The coverage of the oil revenues of current expenditures has also fallen from 102.4% in 2006 to about 57.4% in 2009 and is expected to reach 53% of current expenditures in 2010.
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