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This is a list of banks in Yemen.
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This is a list of banks in Yemen.
The economy of Yemen is one of the poorest and least-developed in the world. At the time of unification, South Yemen and North Yemen had vastly different but equally struggling underdeveloped economic systems. Since unification, the economy has been forced to sustain the consequences of Yemen's support for Iraq during the 1990–91 Persian Gulf War: Saudi Arabia expelled almost 1 million Yemeni workers, and both Saudi Arabia and Kuwait significantly reduced economic aid to Yemen. The 1994 civil war further drained Yemen's economy. As a consequence, Yemen has relied heavily on aid from multilateral agencies to sustain its economy for the past 24 years. In return, it has pledged to implement significant economic reforms. In 1997 the International Monetary Fund (IMF) approved two programs to increase Yemen's credit significantly: the enhanced structural adjustment facility and the extended funding facility (EFF). In the ensuing years, Yemen's government attempted to implement recommended reforms: reducing the civil service payroll, eliminating diesel and other subsidies, lowering defense spending, introducing a general sales tax, and privatizing state-run industries. However, limited progress led the IMF to suspend funding between 1999 and 2001.
The foreign relations of Yemen are the relationships and policies that Yemen maintains with other countries. It is a member of the United Nations, the Arab League, and the Organisation of Islamic Cooperation. Yemen participates in the nonaligned movement. The Republic of Yemen accepted responsibility for all treaties and debts of its predecessors, the YAR and the PDRY. Additionally, Yemen has acceded to the Nuclear Non-Proliferation Treaty and has stressed the need to render the Middle East region free of nuclear and other weapons of mass destruction.
Yemen, officially the Republic of Yemen, and historically known as South Arabia, is a country in Western Asia, on the southern end of the Arabian Peninsula. It borders Saudi Arabia to the north and Oman to the northeast and shares maritime borders with Eritrea, Djibouti, Somaliland and Somalia. It is the second-largest Arab sovereign state in the peninsula, occupying 555,000 square kilometres. The coastline stretches for about 2,000 kilometres. Yemen's constitutionally stated capital, and largest city, is the city of Sanaa. As of 2021, the population of the country is estimated at 30,491,000.
Bank of India (BOI) is an Indian nationalised bank. It is under the ownership of Ministry of Finance, Government of India with headquarters in Bandra Kurla Complex, Mumbai. Founded in 1906, it has been government-owned since nationalisation in 1969. BoI is a founder member of SWIFT, which facilitates provision of cost-effective financial processing and communication services.
As of 2021, the world's "core" Jewish population was estimated at 15.2 million, or 0.19% of the 7.89 billion worldwide population. This number rose to 17.9 million with the addition of the "connected" Jewish population, including those who say they are partly Jewish or that have Jewish backgrounds from at least one Jewish parent, and rose again to 20.9 million with the addition of the "enlarged" Jewish population, including those who say they have Jewish backgrounds but no Jewish parents and all non-Jewish household members who live with Jews. Counting all those who are eligible for Israeli citizenship under Israel's Law of Return, in addition to Israeli Jews, raised the total to 23.7 million.
Yemeni rial is the official currency of the Republic of Yemen. It is technically divided into 100 fils, although coins denominated in fils have not been issued since Yemeni unification. Due to the ongoing political instability, the value of Yemeni rial continues to fall.
MENA is an English-language acronym referring to the Middle East and North Africa. It is alternatively called the WANA, referring to larger West Asia and North Africa region. The MENA acronym is often used in academia, military planning, disaster relief, media planning as a broadcast region, and business writing. Moreover, the region shares a number of cultural, economic and environmental similarities across the countries; for example, some of the most extreme impacts of climate change will be felt in the region.
Ahmed Ali Abdullah Saleh al-Ahmar is the eldest son of former Yemeni president Ali Abdullah Saleh, and was a commander of approximately 80,000 troops of the Republican Guard unit of the Yemeni Army. On April 14, 2015, the United States Department of the Treasury's Office of Foreign Assets Control added Saleh to the list of Specially Designated Nationals, barring US citizens and businesses from interacting with Saleh or his assets.
The Central Bank of Yemen is the central bank of Yemen.
Al-Qaeda in the Arabian Peninsula, abbreviated as AQAP, also known as Ansar al-Sharia in Yemen, is a militant Sunni Islamist terrorist group primarily active in Yemen and Saudi Arabia that is part of the al-Qaeda network. It is considered the most active of al-Qaeda's branches that emerged after the weakening of central leadership. The U.S. government believes AQAP to be the most dangerous al-Qaeda branch. The group established an emirate during the 2011 Yemeni Revolution, which waned in power after foreign interventions in the subsequent Yemeni Civil War.
The Government of Yemen has made the development of education system its top priority. The share of the budget dedicated to education has remained high during the past decade, averaging between 14 and 20% of the total government expenditure and as of 2000 it is 32.8 percent. The education expenditure is 9.6 percent of GDP for the year 2001 as seen in the chart below. In the strategic vision for the next 25 years since 2000,the government has committed to bring significant changes in the education system, thereby reducing illiteracy to less than 10% by 2025. Although Yemen's government provides for universal, compulsory, free education for children ages six through 15, the more U.S. Department of State reports that compulsory attendance is not enforced. The country ranked 150 out of 177 in the 2006 Human Development Index and 121 out of 140 countries in the Gender Development Index (2006). In 2005, 81 percent of Yemen's school-age population was enrolled in primary school; enrollment of the female population was 74 percent. Then in 2005, about 46 percent of the school-age population was enrolled in secondary school, including only 30 percent of eligible females. The country is still struggling to provide the requisite infrastructure. School facilities and educational materials are of poor quality, classrooms are too few in number, and the teaching faculty is inadequate.
Water supply and sanitation in Yemen is characterized by many challenges as well as some achievements. A key challenge is severe water scarcity, especially in the Highlands, prompting The Times of London to write "Yemen could become the first nation to run out of water". A second key challenge is a high level of poverty, making it very difficult to recover the costs of service provision. Access to water supply sanitation in Yemen is as low or even lower than that in many sub-Saharan African countries. Yemen is both the poorest country and the most water-scarce country in the Arab world. Third, the capacity of sector institutions to plan, build, operate and maintain infrastructure remains limited. Last but not least the security situation makes it even more difficult to improve or even maintain existing levels of service.
The following outline is provided as an overview of and topical guide to Yemen:
Topics related to Yemen include:
The Yemen Commercial Bank is a Yemeni closed joint-stock company established in accordance with Central Bank of Yemen's decree No 2783 dated 28/1/1993. The Bank was given the commercial permit by the Ministry of Trade and Supplies based on the Trade and Supplies Minister's decree No. 32/1993.
Energy in Yemen describes energy and electricity production, consumption and import in Yemen. Yemen is net energy exporter.
The Yemeni Civil War is an ongoing multilateral civil war that began in late 2014 mainly between the Abdrabbuh Mansur Hadi-led Yemeni government and the Houthi armed movement, along with their supporters and allies. Both claim to constitute the official government of Yemen.
The Saudi Arabian-led intervention in Yemen is an intervention launched by Saudi Arabia on 26 March 2015, leading a coalition of nine countries from West Asia and North Africa, responding to calls from the president of Yemen Abdrabbuh Mansur Hadi for military support after he was ousted by the Houthi movement, despite the progress in the political transition led by the United Nations at that time. The conflict ignited between the government forces, the Houthi rebels and other armed groups after the draft constitution and power-sharing arrangements collapsed leading to an escalation of violence in mid-2014. The Houthis and allied units of the armed forces seized control of Sana’a and other parts of the country in September 2014 and in the following months. This prompted President Hadi to ask Saudi Arabia to intervene against the Iranian backed Houthis.
Since 2016, a food insecurity crisis has been ongoing in Yemen which started during the Yemeni Civil War. The UN estimates that the war caused an estimated 130,000 deaths from indirect causes which include lack of food, health services, and infrastructure. In 2018, Save the Children estimated that 85,000 children have died due to starvation in the three years prior. In May 2020, UNICEF described Yemen as "the largest humanitarian crisis in the world", and estimated that 80% of the population, over 24 million people, were in need of humanitarian assistance. The crisis is being compounded by an outbreak of cholera, which is resulting in over 3000 deaths between 2015 and mid 2017. While the country is in crisis and multiple regions have been classified as being in IPC Phase 4, an actual classification of famine conditions was averted in 2018 and again in early 2019 due to international relief efforts. In January 2021, two out of 33 regions were classified as IPC 4 while 26 were classified as IPC 3.
Corruption in Yemen is a highly serious problem. Yemen is the most corrupt country in the Gulf region. It is also the poorest country in the Middle East, "with an exceptionally high birth rate, acute rates of child malnutrition and rapidly dwindling reserves of oil and water." In Yemen, according to Chatham House, "corruption, poverty and inequality are systemic"; in the words of the Carnegie Endowment for International Peace, corrupt activity is "so entrenched and pervasive" that many citizens feel powerless.
