Yemen requests urgent support to avoid economy collapse

Publish September 29, 2021

The Yemeni government has urged the international community to provide it with urgent financial support to avoid further economic collapse in the country.

Speaking at the United Nations General Assembly yesterday, Yemeni Foreign Minister Ahmed Awad Bin Mubarak said the measures taken by his government to mitigate the devastating economic effects of the war are not enough.

Bin Mubarak called on the international community and the donor community to support the Yemeni economy, enhance resilience and create job opportunities for Yemenis.

He added that his country 'is in dire need of a financial support package, including an urgent financial deposit for the Central Bank of Yemen to prevent the further collapse of the Yemeni economy and the national currency.'

The Yemeni riyal has in recent weeks collapsed to an unprecedented level reaching 1,200 riyals to the dollar.


Latest Stories

Abu Dhabi hotels post record occupancy in June-

2021-07-14 04:00:00

Abu Dhabi’s hotel industry has reported its highest occupancy since the start of the pandemic, according to preliminary June"...
Read More

Rimini Street UK Recognized in the Top 20 of the 2021 UK’s Best Workplaces™ for Women

2021-07-02 10:00:00
Rimini Street, Inc. (Nasdaq: RMNI), a global provider of enterprise software products and services, the leading third-party support provider for Oracle and SAP software products and a Salesforce partner, today announced it has been recognized in the 2021 UK’s Best Workplaces™ for Women in the medium-sized firm category. This achievement follows a......
Read More

UAE delivers 60,000 COVID-19 vaccine doses to Yemen's strategic island: gov't source

2021-06-20 07:00:00

The United Arab Emirates (UAE) on Thursday dispatched a plane carrying a shipment of 60,000 COVID-19 vaccine doses to war-ravaged"...
Read More

Yemen: Hundreds protest against corruption, high cost of living

2021-06-06 05:00:00

Hundreds of Yemenis in Taiz yesterday protested against corruption and the high cost of living, Anadolu reported.

Read More