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Economy

Economy

Two oil ships arrive in Hodeidah port

HODEIDAH, Nov. 22 (YPA) – Two ships lauded with carrying a great amount of oil derivatives arrived on Friday at Hodeidah port, according to a Yemen oil company. The company said that the arrival of the tankers at the port after being held…

Yemeni riyal continues to decline against foreign currencies

SANAA, Nov. 19 (YPA) – The Yemeni riyal continued to fall against the foreign currencies in the local financial markets on Tuesday to reach 578 riyals per dollar, two weeks after the signing of Riyadh agreement between factions loyal to the…
Economy

Yemen needs 350,000 tons of wheat per month

SANAA, Nov. 16 (YPA) - Official reports confirmed that more than $700 million a year is imported in wheat, a figure that is higher than in the previous years. This significant rise comes on the backdrop of a decline in cereal production in…
Economy

Yemeni riyal drops again against foreign currencies

SANAA, Nov. 16 (YPA) – The Yemeni riyal resumed its decline on Saturday after a week of restoring part of its recovery against foreign exchange rates in the local financial markets to reach 574 riyals per dollar. This came after the arrival…