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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 Violence plagues Yemen amid calls for reconciliation :: Press Release: GAZA STRIP: ISRAEL MUST STOP BOMBING TRAPPED CIVILIANS :: President Hadi advocates unity in Yemen :: Al Qaeda wants to cut off officials’ hands :: Yemen’s economic reforms make Yemenis angry :: The United States calls on its nationals to leave Yemen :: Iran wants its diplomat released now :: More Support to Yemeni Patients and Health Sector; GSK Launches Access to Medicine Program :: Yemen and Saudi Arabia’s prisoners’ agreement :: Traveling for peace, a Yemeni turns globe trotter ::
BREAKING NEWS
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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.

 

Yemen’s economic outlook remains grim

A report from the World Bank published earlier last week came to concur the International Monetary Fund (IMF) findings that Yemen, among other countries in the region, will require external “financing worth up to $50 billion in 2015”, should it be expected to avoid a massive economic meltdown.

 

Officials prepare for Friends of Yemen meeting in London

A source at the Saudi Foreign Ministry denied on Tuesday rumours relating to tensions existing in between Yemen and GCC countries, noting that the Friends of Yemen’s meeting relocation to London as opposed to Riyahd (Saudi Arabia) should be understood as a mere technical rearrangement, nothing more.

 

Investing in Telecommunication Remains Difficult for Yemen Businessmen

Obstacles stand in the way of four major Yemeni companies seeking to invest in the country's telecommunication sector, official sources confirmed.

 

Officials deny media reports regarding oil subsidies

In recent weeks several local media have alleged that the central government intends to put an end to oil subsidies, in line with the IMF (International Monetary Funds) recommendations in order to meet its financial obligations and free much needed cash.

 

The dangers of working in Yemen

In a report published on Wednesday, IRIN highlighted the ever-increasing dangers faced by aid workers in Yemen, as kidnappings and targeted killings have become more than just occasional hazards.

 

Yemen Oil minister calls for UK to invest in Oil industry

Yemen newly appointed Oil and Minerals Minister, Khaled Mahfouz Bahah has called on Britain to increase its footprint in Yemen by considering making substantial investment into the country’s oil and gas industry. Although not considered a heavyweight oil and gas producer, Yemen has proven in recent months that its natural resources reserves have thoroughly under-estimated and more importantly under-valued, thus making the impoverished nation a valuable asset for wannabe investors.

 

Explosion in Mareb forces pipeline shut down

Local officials confirmed on Saturday that yet another attack in the eastern province of Mareb against the main crude export pipeline forced engineers to call for a complete shut-down of the oil flow and provision for a repair team to be dispatched on-site.

 

Yemen faces fresh economic woes

While Yemen continues to face a protracted political crisis both north and south of its capital, caught in between the Houthis’ advances and al-Harak’ secessionist claims, the impoverished nation seems to be enthralled in a never-ending cycle of violence, unrest and aggravated political tensions.

 

Yemen’s approves more spending for 2014

As 2013 is drawing to a close, Yemen coalition government confirmed it approved on Thursday a draft annual budget for 2014 which provisions for an increase of 4% in comparison to 2013 state spending. Yemen’s 2014 state spending budget has been set at $13.4 billion.

 

Shaher Abdulhak to invest more in Yemeni Telecommunication Sector

An executive for Shaher Trading, a company owned by prominent Yemeni businessman Shaher Abdulhak, said the company is strongly studying the possibilities of increasing its investments in the Yemeni telecommunication sector within a year.

 

Yemen sits on third of oil global stock says Minister Bahah

Only a few days into his appointment as Yemen’s new Oil and Mineral Minister, that Khaled Mahfouz Bahah has already made the headlines over a statement he issued in 2013 regarding Yemen’s oil reserves. Minister Bahah declared last year that Yemen, as an oil producer country, sat on a third of the world global stock reserve.

 

At a cost of YR 1.4 billion, Yemen LNG and Governor of Marib sign three development agreements

Yemen LNG General Manager, Jacques Azibert, and the Governor of Marib Sheikh Sultan Al-Aradah, signed in Sana’a today three agreements that will provide YR 1.4 billion in financing for 40 community development projects benefiting the people of Marib.

 

At a cost of YR 568 million, Yemen LNG and Governor of Shabwah sign four development agreements on education, agriculture, fisheries and refugees support

Yemen LNG General Manager, Jacques Azibert, and the Governor of Shabwa, Ahmed BaHajj, signed today in Sana’a four development agreements at a total cost of YR 568 million.

 

Sabotage attack stop oil flow in Marib

Local officials in the eastern province of Marib confirmed on Tuesday morning that “unidentified assailants” targeted Marib oil pipeline which led to a forced shut down of all activities in the area thus prompting a halt of the oil flow to Ras Isa terminal in the Red Sea.

 

Yemen unemployment crisis could soon phase out

The poorest and most populous country in the Arabian Peninsula, one of Yemen’s biggest challenges in the coming years will remain high unemployment level and a lack of opportunities for its ever-growing youth.

 

Yemen’s Rich Club: Social responsibility

The poorest country of the Arabian Peninsula, Yemen is much better known for its over-lapping social, political and security crises than its billionaires’ list. And yet, a country of many contradictions, Yemen is home to some of the world’s richest.

 

MTN voted 2013 best investment company in Yemen

Hossam Sa’ad, MTN Yemen Director General received on Thursday an award which recognizes MTN as Yemen 2013 best investment company, an achievement which was hailed by great many state officials and dignitaries, including Deputy Minister of Industry and Trade, Iqbal Yassin Bahader, Fares Saqqaf, Advisor to the President as well as others.

 

Ethiopia to sell Yemen electricity

Ethiopian officials have confirmed on Wednesday that they are currently looking into a potential electricity deal with Yemen, where Addis Ababa would help Sana’a fill its power deficit by export its surplus of electricity. It is important to note that the project has yet to be proven not only feasible but commercially and financially viable, before negotiations in between both countries could even be considered.

 

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