Yemen's national economy lost some $126 billion due to war, says senior official

Yemen’s Chargé d’Affaires in Damascus Reviews Developments in Yemen with Syrian Official

Yemen’s Chargé d’Affaires in Yemen's Embassy in Damascus Mohammed Baakar discussed Wednesday with Dr. Mohammed al-Ahmad, the Adviser for Arab Affairs in the Syrian Ministry of Foreign Affairs and Expatriates latest developments in Yemen and regional issues of mutual interest.

U.S. Extends Work Permits for Temporary Protected Status Holders

The U.S. administration has extended work permits for hundreds of thousands of migrants from Haiti and six other countries who are protected under the Temporary Protected Status (TPS) program, just hours before the permits were due to expire.

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

England secured third place at the 2026 FIFA World Cup after defeating France 6-4 in the third-place playoff on Saturday.

Last Update: ، 2026/07/23 Time 09:06:32
Latest News:

Pakistan Condemns Houthi Threats Against Saudi Arabia

Shabwah Governor Discusses Enhanced Cooperation, Coordination with Arab Coalition Commander

Minister of Health Looks for Italian Backing for Health Services

Minister of Social Affairs Discusses With UNICEF Social Protection Programs

Yemen’s Chargé d’Affaires in Nairobi Discusses Training, Capacity-Building Partnership with Kenyan ..

Yemen's national economy lost some $126 billion due to war, says senior official

[05/10/2022 03:30]

AMMAN - SABA
Vice Minister of Planning and International Cooperation Dr. Nezar BaSoheib stated that the Houthi militias-triggered war has caused the national economy heavy losses estimated at approximately $126 billion, while national currency exchange rates depreciated more than 500% against foreign currencies.

He noted that unemployment percentage increased up to more than 35%, poverty reached nearly 78% therefore 80% of the populations have been seriously affected by the humanitarian crisis.

Dr. BaSoheib revealed these figures as he chaired today, Wednesday, the meeting of the Steering Committee of the Enhancing Economic Survival Project, funded by the European Union, carried out by the Organization of Cooperation and Economic Development (OECD.

A number of senior government's officials contributed to the discussions held in the Jordanian capital Amman.