The September 2016 rupture of the Central Bank of Yemen (CBY) into rival branches associated with the main warring parties has severely undermined the country’s banking sector. The most fundamental issues affecting Yemeni banks are the differing currency systems that have emerged between areas controlled by the internationally recognized government and Houthi authorities, and the associated competing centers of financial…

When Al-Qaeda leader Ayman al-Zawahiri was killed by a US drone strike in Afghanistan last July it had only limited impact for the group’s Middle East branches in North Africa, Yemen, and Somalia. This was in part a result of the internal cohesion created by organizational policies introduced since 2011 that gave regional branches significant autonomy. But it also spoke…

As the fragile undeclared truce continues between the internationally recognized government and the Houthi movement in Yemen, another cycle of political and military tension is escalating in southern Yemen. In Wadi Hadramawt, polarization over the future of the Seyoun-based 1st Military Region threatens a new round of fighting between groups within Yemen’s anti-Houthi camp. Tensions over Wadi Hadramawt stem from…

The past year has been one of extreme consequence for Yemen. The war has entered a new phase of low-level violence and economic warfare. Casualties are down since a truce was signed in April, and have remained relatively low even after its acrimonious expiration in October. The internationally recognized government has sworn in a new executive body, but it has…

To address the marginalization of women from the formal peace negotiations, 15 Yemeni women, from different governorates in Yemen and leaders in their respective fields, were invited to participate in a workshop in Amman between September 18-20, 2022. Among the participants were economists, bankers, activists, academics, legal experts, and political representatives. The workshop was an opportunity to discuss and share…

Yemen’s limited network of paved highways in the densely-populated western third of the country has been battered and weaponized during eight years of war. At least 100 bridges and approximately one-third of Yemen’s paved roads (between 5,000-6,000 kilometers) have been destroyed in military operations, according to estimates from Houthi authorities in Sana’a and the internationally recognized government in Aden. The…