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Political bureau of Ansar Allah offers his condolences to the death Assayed al-Moayed
[20 March 2018]
President meets with a number of women leaders in Sanaa
[18 March 2018]
President stresses on coordinating int’l orgs’ efforts in Yemen
[17 March 2018]
Arrest two tons of drugs
[11 March 2018]
Presidential law approves Arab Anti-corruption Convention
[10 March 2018]
  Saudi Aggression War against Yemen
Saudi-led criminal airstrikes hit several provinces over Tuesday
[21 March 2018]
Two vehicles of mercenaries destroyed, crews killed in Jawf
[21 March 2018]
Yemeni forces shoot down Saudi spy drone in Midi
[20 March 2018]
Saudi warplanes launches 8 raids on Hajjah
[20 March 2018]
Dozens of mercenaries killed in Marib
[20 March 2018]
Army carries heavy losses in enemy ranks, it's mercenaries
[18 March 2018]
Saudi-US aggression war jet launch 26 raids on number of Yemeni provinces
[17 March 2018]
Report: Dozens of Saudi soldiers, mercenaries killed in military operations over past 48 hours
[12 March 2018]
8 civilians killed, 13 injured in Saudi airstrikes on Yemeni provinces
[09 March 2018]
Report: Army attacks against Saudi troops over 24 hours
[22 February 2018]
Official warns against using Yemen as int’l conflict field
[17 March 2018]
Yemen's FM meets with new UN envoy
[13 March 2018]
WHO Cargo plane arrives to Sana'a airport
[12 March 2018]
FM meets Resident Representative of ICRC
[12 March 2018]
FM discusses UNICEF's role in mitigating aggression effects on Yemen
[11 March 2018]
Oil price decline to lose Yemen $ 0.5 bln, official

SANA'A, Feb. 07 (Saba) - The State budget will lose about $ 359 million this year if the oil price was $ 65 a barrel, and if it dropped to $ 50 per barrel, the total loss of Yemen will be nearly $ 504 million, Undersecretary of Finance Ministry Ahmed Hajar said.

The government's share of crude oil is estimated at 38 million barrels in 2015, Hajar explained during a seminar organized on Saturday by the Chamber of Commerce and Industry the capital Sana'a in cooperation with the Economic Observatory for Studies and Consultations on the effects of lower oil prices on the Yemeni economy and the government budget.

The total oil production is expected to reach 169 thousand barrels per day and the natural gas production to 167 thousand barrels a day, Hajar added.

Hassan al-Kaboos, head of the chamber of commerce and industry in the capital Sana'a, affirmed the importance of the seminar in clarifying the direct and indirect effects of lower oil prices on the national economy.

Al-Kaboos pointed to the significance of oil and its derivatives for industry, agriculture, commerce and all areas of the modern economy as an essential and assistant factor in all these activities.

  more of (Economy)
UPDATED ON : Wed, 21 Mar 2018 11:36:01 +0300