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  Local
Minister of Planning praises WHO's support for Yemen
[22 July 2018]
Republican decree appointing Jawf governor issued
[22 July 2018]
Parliament reviews war effects on public education
[22 July 2018]
Yemeni Coordinating Club with BRICS Countries praises President's communication with China, Russia
[22 July 2018]
Saudi-led airstrike hits Hodeidah
[22 July 2018]
 
  Saudi Aggression War against Yemen
8 Saudi-led airstrikes target Hodiedah
[22 July 2018]
Hodiedah tribal rally protests against coalition war crimes
[22 July 2018]
Dozens of Saudi-paid mercenaries kills in offensive in Marib
[22 July 2018]
Army carries out offensive on Saudi-paid mercenaries sites in Jawf
[22 July 2018]
4 Saudi airstrikes wages on Thamar province
[22 July 2018]
 
  Reports
Feature: Yemen's children pay high price for Saudi military aggression
[21 July 2018]
Dozens of Saudi-paid mercenaries killed, injured in offensive over 24 hours
[21 July 2018]
Report: 12 civilians killed, injured in 3 provinces over 24 past hours
[18 July 2018]
Report: Yemeni drone airstrikes, military operations killed Saudi mercenaries over 24 hours
[18 July 2018]
Report: Yemen Army wages military operations on Saudi troops over 24 hours
[18 July 2018]
 
  International
President hopes for China's role in supporting peace efforts in Yemen
[21 July 2018]
Feature: Yemen's children pay high price for Saudi military aggression
[21 July 2018]
President hopes for Russia's role in stopping aggression on Yemen
[19 July 2018]
Yemen, French envoy discuss outcomes of Paris humanitarian conference
[19 July 2018]
FM meets visiting French ambassador to Yemen
[18 July 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 : Sun, 22 Jul 2018 20:37:30 +0300