Saudi Cabinet Condemns Houthi Allegations, Reaffirms Support for Yemen
Saudi Arabia's Cabinet has strongly condemned what it called baseless allegations and false accusations made by the Houthi militia, reaffirming the Kingdom's continued support for the Yemeni people and their internationally recognized government.
U.S. Extends Work Permits for Temporary Protected Status Holders
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Oil price tops $100 a barrel
Oil prices jumped above $100 per barrel today, Monday, as the U.S. Navy prepares to take control of ship movements in the Strait of Hormuz.
England Claim FIFA World Cup 2026 Bronze with Victory over France
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2026/07/22
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Latest News:
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Latest News:
Bahrain Reaffirms Support for Yemen's Unity, Sovereignty
President al-Alimi: Houthi Militias-Controlled Regions Turned into Worst Place to Live on Earth
Health Minister, UNICEF Representative Discuss Expanding Support for Yemen's Health Sector
Yemen Calls on ICAO to Uphold International Aviation Law Following Airspace Violation
GCC Rejects Houthi Claims Against Saudi Arabia, Condemns Threats to Maritime Security
CBY Governor: Yemen has lost more than $6 billion within the recent 30 months
[24/10/2024 05:04]
WASHINGTON - SABA
The Governor of the Central Bank of Yemen (CBY) Ahmed Ghaleb has confirmed that Yemen has lost more than six billion dollars of its own resources during the previous thirty months only, as a result of the suspension of oil and gas exports due to the attacks of the Houthi terrorist militias on oil ports and tankers, adding to targeting international navigation in the Red Sea.
"As a result, costs of transportation and insurance redoubled, supply chain disrupted, food insecurity seriouslt deteriorated and poverty rates exceeded 80%", Ghalib said.
He made his statements as he contributed today, Thursday, to the meeting of central bank governors and finance ministers of the Middle East, North Africa and Pakistan, on the sidelines of the annual meetings of the IMF and the World Bank, held in Washington, DC.
Minister of Finance Salem bin Braik also contributed to the meeting's deliberations.
The meeting was chaired by the Managing Director of the IFM Ms. Kristalina Georgieva.
Ghalib touched on the unprecedented humanitarian crisis that Yemen has been experiencing as a result of the Iran-backed Houthi militias' coup and war, which has been going on for 11 years and due to unfavorable regional and international developments and their repercussions on the region and the world, including Yemen.
The Governor of the CBY called for an urgent support to Yemen to bail out the Yemeni national economy and sustain the government's efforts to manage the economic hardships.
The Governor of the Central Bank of Yemen (CBY) Ahmed Ghaleb has confirmed that Yemen has lost more than six billion dollars of its own resources during the previous thirty months only, as a result of the suspension of oil and gas exports due to the attacks of the Houthi terrorist militias on oil ports and tankers, adding to targeting international navigation in the Red Sea.
"As a result, costs of transportation and insurance redoubled, supply chain disrupted, food insecurity seriouslt deteriorated and poverty rates exceeded 80%", Ghalib said.
He made his statements as he contributed today, Thursday, to the meeting of central bank governors and finance ministers of the Middle East, North Africa and Pakistan, on the sidelines of the annual meetings of the IMF and the World Bank, held in Washington, DC.
Minister of Finance Salem bin Braik also contributed to the meeting's deliberations.
The meeting was chaired by the Managing Director of the IFM Ms. Kristalina Georgieva.
Ghalib touched on the unprecedented humanitarian crisis that Yemen has been experiencing as a result of the Iran-backed Houthi militias' coup and war, which has been going on for 11 years and due to unfavorable regional and international developments and their repercussions on the region and the world, including Yemen.
The Governor of the CBY called for an urgent support to Yemen to bail out the Yemeni national economy and sustain the government's efforts to manage the economic hardships.
Key words:
transportation - deliberations - repercussions - international - unprecedented - humanitarian - government's - Minister - developments - experiencing -
Saudi Cabinet Condemns Houthi Allegations, Reaffirms Support for Yemen
Bahrain Reaffirms Support for Yemen's Unity, Sovereignty
President al-Alimi: Houthi Militias-Controlled Regions Turned into Worst Place to Live on Earth
Health Minister, UNICEF Representative Discuss Expanding Support for Yemen's Health Sector
Yemen Calls on ICAO to Uphold International Aviation Law Following Airspace Violation
GCC Rejects Houthi Claims Against Saudi Arabia, Condemns Threats to Maritime Security
Planning Minister, World Bank and IFC Discuss Investment Climate
President al-Alimi: Red Sea Security Shared Yemeni and International Responsibility
Yemen, Kenya Discuss Bilateral Relations and Regional Security
President al-Alim Calls for Wide-Ranging National Alignment to Restore State Institutions, Eliminate Coup
