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

President al-Alimi Receives Written Message from Emir of Qatar

His Excellency Dr. Rashad al-Alimi, the Chairman of the Presidential Leadership Council, received a written response from his brother His Highness Sheikh Tamim bin Hamad Al Thani, the Emir of Qatar in a reply to an earlier message from His Excellency concerning the fraternal relations between the two countries and the latest developments in Yemen.

Second Day of International Media Forum on Islamic Civilization Kicks Off in Tashkent

The second day of the International Media Forum “Islamic Civilization: A New Perspective – New Discoveries” commenced today, Wednesday, at the Center for Islamic Civilization in the Uzbek capital, Tashkent.

Brent Crude Futures Rise 12 Cents

Oil prices remained mostly unchanged in early Asian trading on Thursday following gains from the previous session and a sharp monthly increase.

Al Nassr Beat Al Fateh 3-0 in Saudi Football League

Al Nassr defeated Al Fateh 3-0 in the opening round of the Saudi Pro League, known as the Roshn Saudi League.

Last Update: ، 2026/10/06 Time 07:44:53
Latest News:

US Secretary of State: Yemeni Forces Seek to Regain Territory, Saudi Arabia Has Right to Defend Itself

President al-Alimi Announces Launch of “Fajr al-Yemen” Operation to Restore State Institutions, Liberate ..

Yemen Scholars’ Association Supports Launch of Operation Yemen Dawn

Yemen Human Rights Minister Discusses Impact of Houthi Escalation with German Ambassador in Geneva

Yemen Coalition Says 324 High-Value Targets Destroyed in Yemen Dawn Operation

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.