economy

On January 23, the Houthi group (Ansar Allah) detained seven UN staff members working in Sana’a. In response, the UN halted the movement of all staff working in Houthi-controlled territories as Secretary-General Antonio Guterres called for the UN workers’ immediate release. But the incident is just the latest in a string of disappearances and detentions of UN, NGO, and civil…

For over a year now, the Houthi group (Ansar Allah) kept the world staring in amazement as they defied all odds and challenged the US, Britain, and a host of Western navies as they enforced a debilitating siege on the Israeli port of Eilat. With the announcement of a ceasefire in Gaza, the Houthis have pledged to continue targeting Israeli…

Yemen is experiencing a severe economic downturn as it tries to navigate long-term fiscal challenges. A World Bank report on Fiscal Vulnerabilities in Low-Income Countries released in late November highlighted Yemen’s dire fiscal situation as among the worst in the world. The World Bank’s Yemen Monitor for Spring 2024 noted that the current crisis is caused by plummeting oil and…

Tit-for-tat operations have seen a surge in missile and drone attacks launched by the Houthis toward Israel as part of what the group calls the fifth phase of escalation in support of Gaza. The conflict has cast a wide net over both parties and continues to evolve gradually. Israel has carried out retaliatory airstrikes inside Yemen in response to Houthi…

For decades, Yemen’s higher education system has been characterized by a persistent mismatch between graduates’ skills and the changing requirements of the market. The last labor force survey carried out in 2014 showed that less than one-third of Yemen’s labor force had secondary or tertiary education, and a qualification mismatch was found among some 83 percent of the employed population.…

A political crisis has wracked the interim capital of Aden as the internationally recognized government struggles to deal with the plummeting Yemeni rial. The currency now trades at over YR2,000 to the dollar, having lost over a third of its value since the year began. Riven by political infighting and lacking the vision or tools to arrest the slide, an…