Yemen's economy shrank by one third, unemployment rose up to 70%, says minister of industry

Amb. al-Asbahi seeks Moroccan cooperation in training, capacity building

Ambassador of the Republic of Yemen to the Kingdom of Morocco Azaddin al-Asbahi disussed today, Friday, with the Moroccan Minister of Economic Integration, Labor and Competences Dr. Younis Skori aspects of joint cooperation in training the Yemeni young men and women.

Gaza: Death toll from the Israeli occupation’s aggression against Gaza rose to 38,919 martyrs and 89,622 injured.

The Israeli aggression against the Gaza Strip has left 38,919 civilians martyred and 89,622 others injured since October 7, 2023.

S. Korea's economy contracts 0.2 percent in second quarter

South Korea's economy retreated in the second quarter of the year as weaker domestic demand clouded recovery prospects, despite robust exports, S. Korean News Agency (Yonhap) reported.

Over six thousand athletes to participate in Paris 2024 Olympics

The Summer Olympics Paris 2024 will kick off tomorrow with the official opening ceremony, and last until August 16.

Last Update: ، 2024/07/27 Time 04:22:28
Latest News:

Water Minister signs agreement to re-qualify two wells in Ataq

Minister of Info and tourism, Socotra deputy governor discuss reinvigorating tourist attraction to archipelago

Baggash meets with Regional Director of Norwegian Council for Refugees

Governor of Hadramout discusses with UNOPS projects in the governorate

Saudi Arabia welcomes UN statement on government-Houthi deals regarding banking sector and Yemen airways

Yemen's economy shrank by one third, unemployment rose up to 70%, says minister of industry

[27/11/2017 05:50]

VIENNA-SABA

Minister of Industry and Trade Dr Mohammed Al-Maitami said:" Yemen's Gross Domestic Production (GDP) shrank by one third because of the war that has caused grave damage on industrial sector in Yemen".

Speaking at the general conference of the United Nations for Industrial Development (UNIDO) held in Vienna, Dr al-Maitani added:" Above half of industrial facilities have been destroyed or ceased to operate and more than 65% of workers in industrial private-owned companies were sacked, as a result unemployment percentage increased up to 70%".

Al-Maitami underscored grave damages inflicted upon Yemen's economy and industrial sector—in particular—due to the ominous coup d'état on September 21,2014 against legal authority and political transition process.

The minister made clear that Yemen may count on significant support by (UNIDO) including technical and financial assistance to help drawing Yemeni vision that can enable the country to manage the economic hardships.