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Economy

YPC: Saudi-led coalition detains 9 food, oil tankers

Jan 15, 2020 9:09 AM

SANAA, Jan. 15 (YPA) – Yemeni Petroleum Company (YPC) on Wednesday confirmed that Saudi-led coalition continued to detain nine tankers off Jizan port and prevent them from reaching the port of Hodeidah. The company explained in a statement…

Yemeni Contractors Conference for recovery phase held in Sanaa

Jan 13, 2020 12:06 AM

SANAA, Jan. 13 (YPA) - The General Union of Yemeni Contractors and the General Authority for Investment on Sunday held in Sanaa Yemeni Contractors Conference for the recovery phase "the role and leadership" under the title "Strengthening…

President al-Mashat praises launching economic recovery programs for 2020

Jan 12, 2020 8:45 PM

SANAA, Jan. 12 (YPA) - President Mahdi al-Mashat on Sunday praised launching programs of Steadfastness and economic and service recovery to implement in the first stage of the national vision for the year 2020. The move came during his…

Yemeni riyal continues to collapse in southern provinces, settles in Sanaa

Jan 12, 2020 6:02 PM

SANAA, Jan. 12 (YPA) - The Yemeni riyal on Sunday continued to recover against foreign exchange rates in the capital Sanaa to reach 584 riyals per dollar, after the decision of the Central Bank in Sanaa to prevent the circulation of…

Coalition forces seize 10 oil tankers

Jan 9, 2020 1:11 AM

SANAA, Jan. 8 (YPA) – The Saudi-led aggression coalition forces seized on Tuesday 10 the UN-licensed ships carrying oil derivations into the Red Sea, Yemen's oil company said in a statement. The statement affirmed that arbitrary measures…

Economy

Industry Minister affirms strengthening partnership with private sector

Jan 8, 2020 11:01 PM

SANAA, Jan. 8 (YPA) - Minister of Industry Abdul-Wahab al-Durrah affirmed the ministry’s keenness to enhance partnership with the private sector and activate its role in the development process. During his weekly meeting, the minister…

Economy

Al-Houthi stresses importance of advancing national pharmaceutical industry

Jan 7, 2020 7:12 PM

SANAA, Jan. 7 (YPA) - The Supreme Political Council member, Mohammad Ali al-Houthi on Tuesday stressed the importance of advancing the national pharmaceutical industry to achieve the medicine security. Al-Houthi affirmed, during his meeting…

Economy

Saudi-US plot is behind collapse of Yemeni currency: Central Bank

Jan 7, 2020 5:56 PM

SANAA, Jan.7 (YPA) - The Central Bank of Yemen in Sanaa on Tuesday said there is a Saudi-American plot behind the collapse of the Yemeni currency exchange rate. An official source at the Central Bank held the exile Hadi's government…

Economy

Industry Minister praises al-Mashat’s directives on economic recovery

Jan 7, 2020 5:44 PM

SANAA, Jan. 7 (YPA) - Minister of Industry Abdul-Wahab al-Durah praised on Tuesday the president al-Mashat's directives related to a phase of the Yemeni economic recovery. At the meeting, Al-Durah affirmed that the directives aimed at…

Economy

Central Bank calls citizens to benefit from time limit to change illegal currency

Jan 6, 2020 10:29 PM

SANAA, Jan. 6 (YPA) - The Central Bank of Yemen in Sanaa on Monday called on citizens to take advantage of the remaining time limit to change the illegal currency and get compensation, which will end on January 18. The Central Bank…

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