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  Local
Gov't discusses partnership with int'l humanitarian organizations 
[17 April 2018]
FM meets IOM's Resident Representative in Sana'a
[15 April 2018]
Delegations of EU, CHR, Swiss donors arrive in capital Sanaa
[14 April 2018]
Leader of Revolution: Saudis must be aware that Yemen’s military industry is evolving
[14 April 2018]
Commemoration of Sayyed Hussein al-Houthi in various Yemeni provinces
[13 April 2018]
 
  Saudi Aggression War against Yemen
Air defenses down drone of Saudi-led coalition in Hodaida
[18 April 2018]
Badr-1 ballistic missile hits Jizan airport
[18 April 2018]
10Saudi warplanes launch in Hajjah
[18 April 2018]
4US-Saudi aggression warplanes hit in Lahj
[18 April 2018]
Army carries out offensive operation on Saudi mercenaries sites in Jawf
[18 April 2018]
 
  Reports
WHO: Diphtheria outbreak kills 84 in Yemen
[03 April 2018]
UNICEF: Nearly 2 million children now out of school in Yemen
[27 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]
 
  International
FM Meets with Resident Representative of ICRC
[17 April 2018]
Acting Speaker of Shura meets UN resident representative
[17 April 2018]
FM meets SDC's delegation in Sana'a
[15 April 2018]
Foreign Ministry condemns military aggression against Syria
[14 April 2018]
EU Mission, CHR, Swiss donors arrives Sana'a
[14 April 2018]
  Economy
Oil price decline to lose Yemen $ 0.5 bln, official
[07/February/2015]

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.

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UPDATED ON : Wed, 18 Apr 2018 23:13:33 +0300