economy

The ongoing economic conflict in Yemen escalated to include a fierce struggle between its bifurcated central bank for control over the nation's fractured monetary system and financial institutions. On June 26, the Central Bank of Yemen in Aden (CBY-Aden) issued a new directive, effectively banning banks and exchange outlets from working with unlicensed electronic payment companies. This move specifically targeted…

Yemen's microfinance sector is undergoing a radical transformation. Despite initial success in empowering small businesses, the ongoing conflict has exposed deep vulnerabilities. Competition between the fractured central banks has driven a surge in microfinance bank (MFB) licenses. While this promises to expand financial inclusion, it raises serious concerns about long-term sustainability and financial stability. Several other factors are driving the…

The prevalence of child soldiers fighting in Yemen’s war has become common knowledge as Houthi (Ansar Allah) forces continue to publicly recruit and deploy children in military operations. Other armed groups in Yemen also recruit minors, although on a smaller scale and in a less public manner. In order to understand what accounts for that disparity and other aspects of…

This policy brief highlights how women’s networks in Hadramawt governorate have provided crucial support for Yemeni women, helping them overcome professional barriers in a social context where traditional norms often restrict their public roles. Across various professional fields, Hadrami women have credited much of their success to the assistance provided by and opportunities afforded through women’s networks. Both formal and…

This report examines the implementation challenges facing organizations supporting women’s economic participation in Yemen. It explores how interventions can be strengthened to foster change in social norms and household dynamics, rather than simply provide short-term income for women. It argues that the short-term nature of international assistance is severely hindering Yemeni women’s economic empowerment and that a strategic shift in…

Threatened with new attacks, Saudi Arabia has forced the Yemeni government to abandon efforts to cut off the Houthi group (Ansar Allah) from the international banking system. Financial sanctions enacted by the government-aligned Central Bank of Yemen in Aden (CBY-Aden) were perhaps the government’s last card in its efforts to negotiate economic relief or affect the power imbalance ahead of…

The widely expected victory of the Labour Party in Britain’s July 4 parliamentary elections came with a few surprises. As widely described, it was more a collapse of the Conservative Party than a Labour success, with the Labour Party gaining almost half a million fewer votes than it did in its equally historic defeat in 2019. Despite this, Labour will…

Turkey’s meaningful engagement with Africa began during the rule of the Justice and Development Party in 2008. That year, Turkey hosted the first Turkey-Africa Cooperation Summit. Ankara’s quest for new horizons in its political and economic relations came during a period of notable economic growth, and over the past 15 years, it has successfully carved out a substantial presence in…

In April 2023, a Saudi delegation was invited to visit the Houthi-held capital of Sana’a. Over the next couple of days, the media arm of the Houthi group (Ansar Allah) distributed a series of photographs to international and local media outlets featuring Mahdi al-Mashat, head of the Houthi Supreme Political Council, smiling warmly in a stately reception hall and shaking…