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Economy

US economic sanctions against Russia are useless: Analysts

Aug 18, 2018 5:03 PM

SANAA, Aug. 18 (YPA) - Analysts said on Saturday that the new US sanctions against Russia will not achieve the desired goal. The US authorities have approved a new round of "infernal" sanctions, according to US senators who drafted a bill…

Undersecretary Of Ministry Of Finance Calls For Boycott Of American, Israeli Goods

Aug 17, 2018 5:51 PM

SANAA, Aug. 17 (YPA) - The undersecretary of the ministry of finance, Abdual-Salam al-Mahttori called on Friday the Yemeni people for boycott of American and Israeli goods, Saudi and UAE imported goods. Despite measures harmful of coalition…

Water drinking project in Mahweet discussed

Aug 12, 2018 7:15 PM

MAHWEET, Aug. 12 (YPA) – A meeting headed by Mahweet governor Faisal Haidar on Sunday discussed the mechanism of executing the project of Hawasla drinking water in Mahwaeet Jabal district, which the cost is estimated to $ 700 thousand,…

Economy

Hadi’s gov’t blames Marib authorities for Yemeni riyal collapse

Aug 6, 2018 8:06 PM

SANAA, Aug. 6 (YPA) – The exiled Hadi's government loyal to Saudi-led coalition in Aden province on Monday held Marib province's authorities responsible for the collapse of the Yemeni riyal against foreign currencies. Hadi's government…

Economy

Oil prices raise up after monthly Saudi output unexpectedly drops

Aug 6, 2018 4:17 PM

SANAA, Aug. 6 (YPA) - Oil rose on Monday after Saudi crude production unexpectedly fell in July and U.S. drilling appeared to slow, although the price is still almost 10 percent below its 2018 high of more than $80 a barrel. Saudi Arabia…

Economy

Hodeida acting governor launches works Road B project in Hodeida sea port

Aug 4, 2018 6:34 PM

HODEIDA, Aug. 4 (YPA) – Governor acting of Hodeidah Mohammad Kuhaim on Saturday launched the works in the of Road B in Hodeida sea port, with a cost estimated to 62 millions Riyals. The project is executed by the public corporation for…

Economy

Most important reasons for collapse of Yemeni currency, high prices detected

Aug 2, 2018 10:43 PM

SANAA, Aug. 2 (YPA) - A special source in the National Salvation Government in Sanaa blamed on Thursday the coalition countries and exiled President Hadi’s government in Aden for the collapse of the Yemeni currency and the rise in prices.…

Finance minister heads meeting to discuss solutions for high exchange rates

Aug 2, 2018 8:02 PM

SANAA, Aug. 2 (YPA) – A meeting headed by Deputy Prime Minister, Finance minister Hussein Makboly, attended by Industry and trade minister Abdulwahab al-Durah was held on Thursday in capital Sanaa to discuss topics concerning high exchange…

Economy

Analysis of bids for T-bills worth beyond YR 38 billion is carried out in CBY

Aug 2, 2018 5:38 PM

SANA’A, Aug. 2 (YPA) - The analysis of bids for T-bills worth YR 38 billion, 247 million and 50 thousand riyals was carried out in the Central Bank of Yemen (CBY) on Thursday. The bills, sold through auction no. 1060, have varying…

Economy

Dhamar governor heads meeting to discuss implementing investment projects in province

Aug 1, 2018 6:29 PM

DHAMAR, Aug. 1 (YPA) – A meeting headed by Dhamar governor on Wedensday Mohammad al-Makdashi discussed plans and suggestions submitted by the local authority to establish new investment projects increasing the incomes of province.…

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