Al-Kamal: Houthi militia's coup resulted in devastating impacts on national economy, labors

CBY Governor discusses capacity building efforts with IMF

The Governor of the Central Bank of Yemen (CBY) Ahmed Ghaleb discussed today , Friday, with the Head of the Monetary and Capital Markets Department at the International Monetary Fund (IMF) Jihad al-Wazir the technical assistance provided by the Fund to build capacity in aspects of external reserves and foreign exchange management.

Israeli aggression on Gaza leaves 51,157 people martyred, and 116,724 others Injured

The ongoing aggression by Israeli occupation forces on Gaza has resulted in a death toll of 51,157 and 116,724 injuries since October 7, 2023.

Japan reveals emergency economic package to manage effects of U.S. tariffs

The Japanese government announced today, Friday, a package of emergency economic measures to counter the negative effects of high tariffs imposed by US President Donald Trump.

Barcelona maintains its lead in the Spanish League with a goal against Real Mallorca

Barcelona has maintained its lead in the Spanish League after defeating Real Mallorca 1-0 in a match from the 33rd round.

Last Update: ، 2025/04/26 Time 04:26:26
Latest News:

Council Member Dr. Abdullah al-Alimi commends British efforts to mobilize international support for Yemen

Kuwaiti Fund for Development inks $1.5 million grant agreement for Yemen

Deputy Foreign Minister Meets with Foreign Ambassadors to Discuss Regional Developments

PM Stresses the Pivotal Role of Women's Training in Leading Advocacy to Strengthen Status and Role of ..

Finance Minister outlines priorities of the temporary capital Aden for stability, economic improvement

Al-Kamal: Houthi militia's coup resulted in devastating impacts on national economy, labors

[01/05/2018 12:04]

RIYADH-SABA

Minister of Social Affairs and Labor Dr Ebtihaj Al-Kamal stated that government is very keen on revitalizing labor sector through establishing job-creating projects that can hire large number of labors.

In statement on Mayday Al-Kamal said:" The government would do its utmost to revive labor sector through planning and supporting major projects that can employee as many labors as possible in order to contribute toward revitalizing labor market which has been gravely damaged by Houthi coup d'état".

The Minister noted that Houthi militia's coup caused crippling economic losses amounted up to $27 billion by the end of 2017.

" Houthi militia coup has proved disastrous in all accounts. The militia has almost bring the economic and businesses drive into standstill. Hundreds of thousands of labors have become jobless, hundreds of small-businesses and enterprises have gone bankruptcy, large number of public and private-owned major productive businesses have been destroyed due to the militia's reckless and irresponsible practices", Al-Kamal said.