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FINANCIAL NEWS
Yemen’s oil exports income 64 percent lower in May
08 Jul 2014
(MENAFN) Yemen’s income from oil exports has dropped by as much as 64 percent, reaching USD73.4 million in May compared to the same period 2013, according to Arab News.
Experts attributed the fall in income to attacks on an export pipeline, as well as to shrinkage in the central bank’s foreign asset reserves.
Sanaa’s finances have suffered as it has been caught in a nationwide fight against militants and other rebel groups.
The central bank’s monthly report said that Sanaa’s earnings from exports of crude have also dropped by 40 percent between January and May, reaching USD671 million compared to the same period a year earlier.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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