Economy

SANAA, March 14 (YPA) - The Yemeni riyal on Thursday continued its collapse for the second week against foreign currencies in the local exchange markets as it approached 600 riyals for US $ dollar. According to banking sources, the sharp…

SANAA, March 10 (YPA) – Minister of Industry and Trade Abdulwahab al-Dura on Sunday stressed the importance of enforcing laws to combat the phenomenon of commercial fraud and protect consumers. A the opening of a symposium on the commercial…

SANAA, March 9 (YPA) – Yemen Petroleum Company (YPC) on Saturday said that its direct and indirect losses due to Saudi-led coalition aggression and siege amounted to 8,823,527,000 dollars during the period from 2015 to 2018. During a press…

SANAA, March 6 (YPA) - Minister of Industry and Trade  Abdulwahab al-Durra, head of Yemen Standardization Metrology and Quality Control Organization (YSMO), on Wednesday stressed the important of uniting efforts of the relevant authorities…

ADEN, March 2 (YPA) - The Yemeni Petroleum Company (YPC) in the province of Aden on Saturday accused Mohammed Zemam, governor of the Central Bank in Aden, of being behind the oil derivatives crisis in the province. A statement issued by the…

SANAA, March 2 (YPA) - A parliamentary report on Saturday said that economic indicators have shown alarming figures in the high rates of poverty and unemployment and the overall level of prices. The report, prepared by the parliamentary…

SANAA, Feb. 24 (YPA) – "Russia Today" Channel on Saturday published a report of US Central Intelligence Agency (CIA) in 1988 confirms that the oil reserves in Yemen exceed the oil reserves in all the Gulf Cooperation Council (GCC) states.…

SANAA, Feb. 23 (YPA) - The Yemeni riyal on Saturday fell unexpectedly against foreign currencies, after two days of significant improvement in the local exchange markets. Banking sources told Yemen Press Agency that the absence of…

SANAA, Feb. 21 (YPA) - The Yemeni riyal on Thursday recorded a significant improvement for the third day in a row against foreign exchange rates in local exchange markets. Yemeni economic observers expected the recovery of the Yemeni riyal…

SANAA, Feb. 21 (YPA) – Gold prices stabilized on Thursday below 10-month high recorded in the previous session as dollar rose after minutes from the Federal Reserve's last meeting revived expectations for a possible U.S. rate hike this…