Economy

SANAA, Sept. 29 (YPA) – The Shura Council on Sunday stressed the importance of the financial characterization to improve the institutional financial performance of the State. The Shura Council discussed, in an expanded meeting chaired by…

SANAA, Sept. 26 (YPA) – The Yemeni riyal continued to record a significant drop against the foreign exchange rates in the local financial markets, stopping at 613 riyals per dollar on Thursday. Banking sources attributed the riyal's decline…

SANAA, Sept. 26 (YPA) - UAE-based banks are increasingly at risk from their asset quality deteriorating as the country’s domestic real estate weakens,”Fitch Ratings said on Tuesday. The agency stated that prices have fallen by more than 20%…

SANAA, Sept. 24 (YPA) - The Yemeni Money Exchangers Association affirmed on Tuesday its commitment to regulations and instructions of the Central Bank in Sanaa. AA

SANAA, Sept. 24 (YPA) -The Yemeni riyal continued to drop against the foreign exchange rates in the local financial markets, stopping at 611 riyals per dollar on Thursday. Banking sources attributed the riyal's decline to the differences…

SANAA, Sept. 22 (YPA) - Gold prices on Sunday witnessed a significant rise in the Yemeni goldsmith markets after one week of stability. According to "Yemeni Economist" website: the latest update of gold prices in the markets of goldsmiths…

 SANAA, Sept. 21 (YPA) - Gold prices settled on Saturday, September 21, at the goldsmith markets in Yemen one week after the significant rise in prices.   21, 24 Carat Gold Rate per 1 Gram as to follow:   - Gold 24K 1 GRA price: Purchase:…

 SANAA, Sept. 19 (YPA) -The Yemeni riyal is still recording a significant decline against the foreign exchange rates in the local financial markets, stopping at 612 riyals per dollar on Thursday.   Banking sources attributed this decline to…

SANAA, Sept. 19 (YPA) - Saudi Arabia has requested 20 million barrels of oil from Iraq's State Organization for Marketing of Oil (SOMO) to supply its refineries, the Wall Street Journal website reported on Thursday. According to press…

RIYADH, Sept. 18 (YPA) - Saudi Arabia said Wednesday it would be forced to enter the debt market for the first time in its history. Saudi Finance Minister Mohammed al-Jadaan said the kingdom is likely to turn to the international debt…