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FinancialNews


  • 25-03-19

    Yemeni suffers USD50b economic losses

    (MENAFN) Yemen was reported to have suffered USD50 billion of losses in its economy while the country is engaged in a war against Houthi terrorists.

    However, the losses exclude expenses of direct and indirect harm inflicted from infrastructure devastation.

    Minister of Planning and International Cooperation Najib Al-Awaj revealed the losses, as reported SPA on Sunday.

    According to the Yemeni minister, the country registered a significant drop in the number of economic businesses over the past five years.

    Likewise, Al-Awaj added, all economic sectors in Yemen were hit with a pessimistic view during the five-year period.

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