Author: basheer
Yemeni riyal exchange rates vs foreign currencies In the city of Aden and other southern and eastern provinces of Yemen, foreign currency prices have once again increased compared to the local currency. The dollar reached 1,841 riyals, while the Saudi riyal surpassed 482 riyals, according to banking sources reporting a recent surge of 14 riyals in the dollar exchange rate and 4 riyals in the Saudi riyal exchange rate. Experts are sounding the alarm about the economic crisis looming over Aden as the local currency continues to deteriorate rapidly. The government aligned with the Saudi-led coalition is failing to implement…
Warning about the Impact of Israeli Restrictions on Aid into Gaza City Last updated Jun 30, 2024 12:17 AM Palestinian human rights organizations are speaking out against the Israeli occupation’s restriction on medical and food aid entry into Gaza City and its north. The occupation has been disregarding urgent measures required by the International Court of Justice, exacerbating the acute shortage of medicines and medical equipment, resulting in a dangerous situation for Palestinians. Since October 2023, the occupation has been committing blatant violations of international laws, causing massive suffering to the residents of Gaza. The deliberate collapse of the health…
Last updated Jun 29, 2024 8:19 PM An Emirati officer, Ahmed bin Tamrouk Al-Dhahouri, was reported to have been killed while participating in the war in Sudan with the Rapid Support Forces, according to media websites. The leader of the civil administration in Sudan, Musleh Nassar, confirmed the officer’s death, while his family cited a traffic accident as the cause. Although the exact circumstances of Al-Dhahouri’s death remain unclear, many praised his dedication to his country. This news surfaces amid tensions between Abu Dhabi and the Sudanese army, with the latter accusing the former of supporting the ‘Rapid Support Forces’…
Yemeni riyal exchange rates vs foreign currencies Despite the efforts of the Saudi-led coalition government, the exchange rate of the Yemeni riyal in Aden and southern/eastern provinces continues to deteriorate, reaching 1,833 riyals to the US dollar and 480 riyals to the Saudi riyal. The failure to implement effective economic solutions has raised concerns about a looming economic crisis in Yemen. Economists blame the government for printing excessive amounts of money without proper backing and implementing flawed financial policies. In contrast, areas under the Supreme Political Council, such as Sanaa, have maintained relative stability with the riyal exchanging at 530.50…
Yemeni Airlines Can Resume Flights When Sanaa Pilgrims are Guaranteed to Return Safely Last updated Jun 27, 2024 8:21 PM Member of the Supreme Political Council in Sanaa, Muhammad Ali Al-Houthi, expressed that Yemeni Airlines can resume flights if they ensure the safe return of Sanaa pilgrims. He demanded that the Yemenia company be operated by the people without any hindrance. Sanaa has accused Saudi authorities of detaining 1,124 Yemeni pilgrims, who were supposed to return to Sanaa Airport but were diverted to Aden Airport. The Ministry of Guidance, Hajj, and Umrah Affairs of the Sanaa government held Saudi authorities…
Yemeni riyal exchange rates vs foreign currencies In Aden and other southern and eastern provinces of Yemen, the local currency is facing a severe crisis, indicating a looming economic disaster. Despite efforts, the government aligned with the Saudi-led coalition has been unable to stabilize the situation. Reports from Aden suggest that the US dollar is being sold at 1,835 Yemeni riyals, while the Saudi riyal’s selling price has soared above 480 Yemeni riyals. This rapid devaluation is a result of the excessive printing of currency without adequate measures taken by the coalition government between 2016 and 2021. Economists blame this…
The Yemeni Armed Forces of the Sanaa government unveiled a new military technology that will significantly impact the balance of deterrence in the region. Brigadier General Yahya Sarie, the military spokesperson, revealed the details of a hypersonic missile, developed domestically, that successfully targeted the Israeli ship “MSC SARAH V” in the Arabian Sea. This missile, equipped with advanced technology, boasts exceptional accuracy and long-range capabilities, marking a significant advancement in Yemen’s military capabilities. The announcement signifies a major shift in the country’s defense strategy and demonstrates the Yemeni Armed Forces’ commitment to enhancing their military power. Stay tuned for more…
Yemeni Pilgrims Stranded in Saudi Arabia: Ministry Holds Authorities Accountable Last updated Jun 27, 2024 12:27 AM The Ministry of Guidance, Hajj, and Umrah Affairs in the Sanaa government expressed deep concern over the detention of 1,124 Yemeni pilgrims by Saudi authorities. The Ministry emphasized the responsibility of Saudi authorities for the safe return of these pilgrims to Sanaa Airport. Despite confirmed flights to Sanaa, the Saudi authorities diverted a recent flight to Aden Airport, citing unspecified reasons. The Ministry condemned this action and highlighted the risks posed by the security situation in Aden. The ministry raised concerns about the…
A photo circulated by activists said it was of the body of Al-Haddad in Wadi Khoura in Shabwa In a shocking incident in Shabwa province, eastern Yemen, members of UAE-funded factions burned the body of citizen Mubarak Saleh Faraj Al-Haddad days after he was kidnapped. Local media reported that Al-Haddad’s charred body was found in Wadi Khoura, Markha District, sparking outrage as such a crime was unprecedented in Shabwa. The exact motive behind the kidnapping and burning remains unknown. Reports suggest that Al-Haddad was tied up, then set on fire along with the trees around him. Activists and citizens are…
In Aden and other southern provinces controlled by the Saudi-led coalition, the Yemeni riyal is facing a significant decline against foreign currencies. The selling price of the US dollar has reached 1844 riyals, while the Saudi riyal is being sold for over 482 Yemeni riyals, according to banking sources in Aden. With this continuous fall in the local currency, there are warnings of impending price hikes for essential goods and fuel in the near future. The economic situation in Aden is deteriorating rapidly, with the pro-coalition government failing to implement effective economic solutions. Economists attribute this currency crisis to the…