A Yemeni journalist specializing in economic affairs warned of the high rates of inflation in the country and its effects on the lives and livelihoods of citizens, calling for urgent government intervention to limit its repercussions.

Today, Saturday, the International Bank of Yemen denied what was circulated about its bankruptcy, and expressed its regret for the false rumors on social media, saying: "Their purpose is to tarnish the reputation and position of the bank."

Recent data shows the number of ships transiting the canal has fallen by 66 percent since shipping companies began diverting their vessels around Africa.

Belqis Airlines accused the Yemeni Ministry of Transport in Aden of "obstinacy" in granting the renewal of the company's license, despite the issuance of directives from the Prime Minister to renew it.

Traders and commercial brokers said that the Houthi militia has raised the price of taxes and customs on commercial shipments to thirty times, starting from the beginning of this September.

Yemeni Prime Minister Dr. Ahmed Awad bin Mubarak announced on Tuesday that the government is preparing an investment map for promising sectors, including fisheries, in cooperation with Yemen’s development partners, as part of its drive to develop and diversify revenues and focus on added value to support the national economy and overcome previous imbalances.

The Executive Director General of the General Corporation for Wired and Wireless Telecommunications in the interim capital, Aden, Eng. Wael Tarmoum, announced today, Sunday, the start of launching the official experimental phase of the Starlink (satellite internet) service in the liberated governorates.

The internationally recognized Yemeni government is stepping up its efforts to redraw the vital telecommunications sector, in a move to break the Houthis’ control over the sector, which has generated significant financial revenues since the war began in 2015, and is one of the group’s most important financial resources, raising questions about the government’s success this time in achieving its goals.

Minister of Industry and Trade Mohammed Al-Ashwal confirmed that the value of trade exchange between China and Yemen exceeds 3 billion dollars annually.

The Central Bank of Yemen announced today, Sunday, the opening of an auction to sell fifty million US dollars, next Thursday, August 22.