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Editor Picture The first of a hundred steps is now complete. We salute those who helped the NDC become the road map for the future Yemen. Strides of success were made, but the real test awaits us all. Will the government deliver and turn ink on paper into reality?  
Hakim Almasmari  
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LATEST UPDATES Houthis' Last Stage of Escalation will lead to Civil disobedience :: Egypt arrests Yemeni pilot smuggling Khat :: Yemen loses $4.7 billion in avoided taxes a year-Symposium :: GCC Countries Express Concern about Houthi Escalation :: AQAP claims responsibility for attacks on Yemen military posts :: Yemenis: We need actions not talk :: Hadi gives four more days to negotiate with Houthi rebels :: Five terrorists killed as Yemen army repels attack in Hadramout :: Freedom Foundation Condemns Attacks, Threats on Media in Amran and Sana’a By Armed Groups & Government :: Dozens killed in Fierce Clashes between Al-Jawf Tribesmen and Houthis ::
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Yemen loses $4.7 billion in avoided taxes a year-Symposium

Yemen loses around $4.7 billion due to tax avoidance a year and has only 3.08% registered taxpayers, Mahmoud Qayah, Friedrich Ebert Foundation's program director, said on Sunday.

 

GCC Foreign Ministers to discuss developments in Yemen Saturday

The Secretary General of the Gulf Cooperation Council Abdul Latif Al-Zayani has revealed that GCC foreign ministers will meet to discuss the latest developments in Yemen this Saturday.

 

Yemen's crude pipeline shut down after blast

Tribal saboteurs bombed on Saturday Yemen's Marib oil pipeline, the latest attack in a series of acts of sabotage targeting the country's oil and gas pipelines since 2011, a Yemeni official said.

 

For fifth successive year, China ranks as first trade partner with Yemen in 2013

China came on top of countries importing Yemeni products in 2013 and continued to be the largest trade partner of Yemen for the fifth successive year, a report published by the official Althawra Daily said on Wednesday.

 

CBY Governor: Fiscal situation stable after reforms in Yemen

Governor of the Central Bank of Yemen Mohammed bin Hamam said on Tuesday the fiscal conditions and banking activity in the country is stable mainly due to increasing trust of investors in the Yemeni Rial and increasing demand for foreign currency.

 

Hadi says oil subsidy reform "patriot decision to prevent fall of national currency"

Transition president in Yemen Abdrabu Mansour Hadi said on Sunday the recently approved oil subsidy reform was a patriot decision that was aimed at preventing the fall of the national currency against foreign currencies.

 

 

Friends of Yemen to hold meeting in New York next month

Friends of Yemen Group will hold its eighth meeting in New York next month to discuss progress in the political transition as well as economic, security and human rights issues in the country.

 

As trade delegation arrives in Sanaa, China says to broaden cooperation with Yemen

Yemen's Planning and International Cooperation Mohammed Al-Sadi urged on Wednesday to start the Aden Port Expansion and Development Project as soon as possible as a delegation from the Chinese Ministry of Commerce arrived in the capital city of Sanaa on a several-day visit.

 

Economists say lifting oil subsidies not enough to address Yemen’s financial problems

Yemeni economists said the recently approved oil subsidy reform was not enough to address financial problems faced in Yemen mainly due to repeated attacks on crude pipelines, delayed donor aid and absence of visions to develop the non-oil sector.

 

Yemen approves October crude sales at 2.9 million barrels, committee

Yemen's Supreme Committee on Crude Marketing approved on Sunday the October loading crude sales 2014 at 2.9 million barrels.

 

International Monetary Fund confirms $560 million loan

Yemen Planning and Finance Minister, Mohammed al-Saadi confirmed on Friday that the IDF (International Monetary Funds) finalized a loan agreement with the impoverished nation worth $560 million since Sana’a central government make good on its commitment to reform its fiscal system by cutting off its oil subsidies ‘system.

 

Tribesmen blow up pipeline, the state fixes it

For what seem to be the nth time this year, tribesmen in the oil rich province of Marib targeted the country’s main oil pipeline in an attempt to exert pressure on the central government and thus force officials to comply with their demands.

 

Calvalley Petroleum faces strike action

Employees at Calvalley Petroleum Inc, the Canadian-based oil company, have confirmed this week that unless management acknowledges and acts on a certain number of issues, Union members would have no other choice but call on a general strike.

 

Yemenis continue to denounce fuel prize rise

While the Yemeni government has spent much energy trying to defend its decision to end all fuel-related subsidies, arguing that such expenditure could no longer be justified under Yemen’s current financial strain, Yemenis are adamant the decision needs to be overturn.

 

World Bank backs Yemen’s recovery

If Yemen is digging dip to reform its institutions, its officials having understood that without swift changes Yemen will only slip further into unrest and financial destitution, the impoverished nation is not doing it alone.

 

Yemen faces new sabotage attack in Marib

As Yemenis took to the streets in anger following the central government decision to end its oil subsidy policy, thus raising the prices of petrol at the pump by 60%, armed tribesmen directed their wrath at the country’s main pipeline in Marib.

 

Fuel prizes spike send Yemenis over the edge

As Yemenis woke up to new prices at the pump, anger erupted, spreading faster than wildfire across the streets of the capital, Sana’a and beyond.

 

Yemen resumes activities in Marib oil installations

Following a series of sabotage attacks on its Marib’s oil installations (Yemen’s main oil pipelines which run through the province of Marib was attacked by armed tribesmen on several instances over the past few weeks, thus forcing officials to halt all activities on-site) Marib local officials confirmed that workers have resumed their work as usual.

 

Yemen’s economic reforms make Yemenis angry

While President Abdo Rabbo Mansour might have feel compelled to roll out a series of unpopular economic and financial reforms in bid to stop his country from haemorrhaging money, Yemenis are certainly not taking the news with a smile, not when on the ground their quality of life is depreciating by the minute.

 

Yemen’s oil pipeline suffers another attack

Officials at the oil ministry confirmed on Sunday that Yemen suffered yet another attack against its oil infrastructure on Saturday when tribal dissidents targeted the country’s main oil pipeline in the province of Marib, thuse forcing the authorities to halt all activities.

 

New economic measures make no mention of corruption

While President Abdo Rabbo Mansour Hadi announced late on Wednesday that Yemen would have to abide by a set of strict new financial rules to prevent the nation’s economic system to completely collapse, the embattled president made no mention of Yemen’s most chronic and debilitating problem: corruption.

 

Press Release: Al-Rayan Micro-financing Program: A shining example of TEP Yemen’s Success in Project Sustainability

Total E&P Yemen is pleased to announce that it will launch in the coming few days the Second Phase of Al-Rayan Micro-financing Program in its Block 10 concession area.

 

Press Release on PEC Power Plant on Block 10

Total E&P Yemen would like to provide the following information regarding the supply of natural gas to the power plant owned by Public Electricity Corporation (PEC) which serves the community of Wadi Hadhramout.

 

Arab Monetary Fund to lend Yemen $168 million

AMF (Arab Monetary Fund) announced on Wednesday that it would lend Yemen, the poorest and most populous country in the Arabian Peninsula $168 million toward supporting its economic recovery and promote sustainable growth.

 

Press Release: Total E&P Yemen Provides Receivers to Local Sports Clubs to Follow Football World Cup Matches

Yemen has confirmed this week its plan to build a monster highway linking its most southern seaport, Aden to Saudi Arabia. The project will according to estimation cost an excess of $3.5 billion and it will stretch over 710km, the biggest road project ever imagined in Yemen.

 

Yemen’s monster project underway

Yemen has confirmed this week its plan to build a monster highway linking its most southern seaport, Aden to Saudi Arabia. The project will according to estimation cost an excess of $3.5 billion and it will stretch over 710km, the biggest road project ever imagined in Yemen.

 

Union strike hits DNO hard

If DNO declaration of “force majeure” in Yemen as a result of a Union strike is anything to go by, Yemen ‘s unionists must be pretty please with themselves as their move against the Norwegian oil company is working as planned.

 

Press Release: Total E&P Yemen Sponsors ‘Talking Business’ Events

On Friday, 20 June, Total E&P Yemen sponsored the ‘Talking Business’ event organized by the Yemeni non-profit ROWAD Foundation. Around 80 youths attended the event at the Al-Bustan Hotel in Sana’a and had the opportunity to discuss business with senior business executives.

 

Press Release: Total E&P Yemen Sponsors Two Yemeni Professors in Total Energy and Education Seminar

From the 1st to the 6th of June 2014, TOTAL organized an Energy and Education Seminar in Paris, France. The seminar was attended by 76 university professors from 50 countries including two professors from Yemen who represented the University of Sana’a and the University of Hadramout for Science and Technology.

 

DNO workers go on strike over benefits dispute

Yemen Trade Union Committee for DNO workers announced in a statement to the press on Monday that all workers at the Norwegian-based oil company would suspend all activities since the company leadership had failed to fulfil its promises and obligations towards staff.

 

Yemen inflation shoots up amid political instability and sabotage attacks

As Yemen was left reeling from an aggravated fuel penury and power blackout following a series of sabotage attacks on its power lines, Yemen Central Bank revealed less than positive economic figures on Sunday, announcing that annual inflation had risen to 7.6% in March, the highest it’s been this year.

 

Yemen humanitarian black hole fuels crisis

If most agree that Yemen does indeed face a humanitarian crisis of catastrophic proportion, the country stretch to the very limit of the sufferable and sustainable, no one so far has been able to figure out how to get Yemen the help it so desperately need.

 

Finding work in Yemen, difficult but no impossible says Skills Development Fund

In a recent interview with al-Shorfa Faisal al-Maqtari, the executive director for the SDF (Skills Development Funds) explained how his office had been working in collaboration with government officials to devise a program which would empower Yemen Youth through vocational training and skills building.

 

World Bank finances Yemen highway project

In a statement published on Wednesday, the World Bank (WB) confirmed that it will fund Yemen’s roads development by putting forward an aid package which will enable the construction of “a new highway, which will connect the port city of Aden in the south with the Saudi Arabian border near Saada in the north, a total length of 710 km.”

 

Tackling hunger in Yemen

Speaking in Geneva this Friday World Food Program’ spokeswoman, Elizabeth Byrs warned that Yemen, the most populous and impoverished nation in the Arabian Peninsula was “teetering on the edge” of a humanitarian crisis of devastating proportion.

 

Yemen in the throes of sabotage attacks on its oil industry

Yemen officials announced on Friday that engineers eventually managed to repair the damages which were caused by a series of sabotage attacks earlier this month (May), thus allowing crude oil to one again flow freely through Marib pipeline.

 

Yemen and the World Trade Organization

As of May 27th, 2014 Yemen has deposited its “Instrument of Acceptance” with World Trade Organization, Director-General Roberto Azevedo, thus confirming its membership terms. According to WTO rules, Yemen will become a full-fledged member on 26 June 2014.

 

Contradictory reports on Yemen’s oil reserves

Back in March 2014, then-newly appointed Oil and Minerals Minister, Khaled Mahfouz Bahah made the headlines when a report he published in 2013, claimed Yemen was sitting on a third of the world global stock reserve. Since until then, officials had all been dancing to the tune of former President Ali Abdullah Saleh’s oil reserves tune, saying to whomever would listen that Yemen’s natural resources were fast depleting, Minister Bahah’s assessment understandably prompted a debate.

 

The hungry of Yemen

While Yemen armed forces continue to assault al-Qaeda positions across the southern territories, the impoverished nation is still facing an aggravated humanitarian crisis which proportion have gone from catastrophic to cataclysmic.

 

Yemen fuel crisis leaves resident stranded

Yemenis in the capital, Sana’a are fast losing patience as gas stations are running on empty. Unable to fill the cars or their jerry cans to keep their fuel-powered generators, residents have said to be at the end of their tether.

 

Yemen inflation eases out

As Yemen’s prices volatility eased out for staples such as tobacco, Qat (leafy green stimulant which the majority of Yemeni like to chew) and foodstuff the central bank, YCB, announced in its latest report that inflation has reduced back to 6.7% for February, “its lowest level since December 2012.”

 

Turkey seeks to invest in Yemen energy sector

Turkey energy Minister, Taner Yildiz expressed once again a keen interest for Yemen at a joint press conference with Yemen Electricity Minister, Saleh Samea, noting that Ankara was ready to invest into the impoverished nation’s energy sector for all parties’ benefits.

 

Dual sabotage attack in Marib

Officials in the eastern province of Marib have confirmed on Wednesday that a dual sabotage attack against the country oil and electricity infrastructure forced engineers to not only suspend all activities but prompted a massive power outage.

 

Press release:surprise card – 2 campaign’s First draw announcements.

In its first draw for (surprises card - 2) SabaFon announces the first winner of the grand prize the BMW X 3 car - Mr. ( Hazza Kaid Mohammed Aklan ).

 

Technological breakthrough is attributed to Yemeni national

In the midst of much gloom and doom, Yemenis were reminded earlier this February that Yemen does indeed hold a few untapped resources of its own: human potential.

 

Saudi Arabia remains Yemen biggest donor

Yemen Foreign Minister Abu Bakr al-Qirbi confirmed on Wednesday that Saudi Arabia, which already allocated most of the $3.25 billion it pledged toward Yemen’s recovery, had deposited a staggering $1 billion in Yemen Central Bank’s coffer in order to stabilize the impoverished nation financial solvency and back its monetary policy.

 

Friends of Yemen Conference, Yemen’s new plan is a go

“We welcome the new Friends of Yemen structure,” said Inger Andersen, World Bank Regional Vice President for the Middle East and North Africa, at the conclusion of the Friends of Yemen Conference meeting this Wednesday.

 

Friends of Yemen Conference kicks off in London

With the fate of an entire nation riding on the Friends of Yemen Conference, Yemeni officials, among whom, Foreign Minister Abu Bakr al-Qirbi, have been keen to underscore the role of the international community in enabling the poorest nation in the Arabian Peninsula to successfully complete its transition of power and economic stabilisation.

 

Yemen crude oil export on free fall for February

As Yemenis have once more be made to endure a severe fuel penury and a lengthy electricity blackout following acts of sabotage so severe that the state has been left unable to cope, forced to admit defeat as officials scramble to return civilian life to some form of normality, the Central Bank of Yemen published a report in which it revealed that Yemen’s February crude oil exports “fell to 800,000 barrels from an estimated 2 million in January.”

 

Technological breakthrough is attributed to Yemeni national

In the midst of much gloom and doom, Yemenis were reminded earlier this February that Yemen does indeed hold a few untapped resources of its own: human potential.

 

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 Houthis' Last Stage of Escalation will lead to Civil disobedience
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 GCC Countries Express Concern about Houthi Escalation
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 Egypt arrests Yemeni pilot smuggling Khat
 Yemenis: We need actions not talk
 
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