Economy

SANAA, Sept. 06 (YPA) - Gold prices in Yemen and global markets have seen a significant surge in the first days of September. This is driven by rising demand for the precious metal as a safe haven amid ongoing geopolitical tensions and…

ADEN, Sep. 01 (YPA) - Angry protests broke out on Monday in front of currency exchange companies in the Sheikh Othman district of Aden province, controlled by the Saudi-led coalition in southern Yemen. Citizens demanded the return of their…

ADEN, Aug. 08 (YPA) - An economic researcher familiar with Saudi-led coalition affairs has confirmed that the sudden appreciation of the local currency against the dollar in areas under coalition control poses a serious and long-term…

SANAA, Aug. 06 (YPA) - Despite the significant decline in foreign exchange rates in Aden and the southern and eastern provinces under the Saudi-led coalition-backed government, these changes have not had a positive impact on the daily lives…

RIYADH, Aug. 04 (YPA) - Media sources have revealed that the Saudi-led coalition has assigned a team from the US Treasury Department to directly supervise the activities of the Central Bank in Aden, southern Yemen. The sources explained…

SANAA, July 31 (YPA) - The Sanaa-based central bank of Yemen declared on Thursday that it started implementing the first phase from destroying the first issue of 200-rial banknotes, which became non-tradable according to approved standards…

SANAA, July 31 (YPA) - US President Donald Trump imposed new 25% tariffs on Indian products, along with an undisclosed penalty, due to New Delhi's continued purchases of arms and energy from Russia. These measures are scheduled to take…

SANAA, July 27 (YPA) - Foreign currency exchange rates in banks in Aden and other areas under the Saudi-led coalition's control witnessed a slight decline on Sunday, with the US dollar recording 2,880 Yemeni riyals for sale and 2,865 riyals…

SANAA, July 22 (YPA) - The Sanaa-based Customs Authority said on Tuesday that it had resumed implementation of the decision the Ministers of Finance and Economy and Industry issued regarding support for local products. In a statement, the…

SANAA, July 18 (YPA) - The sharp decline in the value of the national currency and the continued rise of the dollar to unprecedented levels have revealed the depth of the economic and banking crisis, which has worsened beyond control,…