Yemen

MARKET OF YEMEN

YEMEN'S MARKET OVERVIEW

Yemen is located in southwest Asia and south of the Arabian Peninsula, the capital of which is the beautiful city of Sanaa. Estimates show that the revenue situation in Yemen in 2019 grew by about 12 percent. Trade balances in Yemen are about 14% higher than before, and growth in this area is considered acceptable. Sanaa is one of the most important cities in Yemen, which has grown a lot in terms of work as beautiful city in the field of tourism. Britain conquered Yemen in 1943 but gained independence in 1967. The present-day Republic of Yemen was established in 1990 in Yemen. The people of Yemen have no interest in extravagance, and this can be seen in all the cities of Yemen. The flag of Yemen is tied to the history of this country.

Where is Yemen and how is situation of capital turnover?

Yemen is located in southwest Asia and south of the Arabian Peninsula, the capital of which is the beautiful city of Sanaa
Yemen is located in southwest Asia and south of the Arabian Peninsula, the capital of which is the beautiful city of Sanaa

The experience of traveling to Yemen is very unique and valuable. It is located next to Saudi Arabia and the UAE and is a spectacular paradise. The country has recently been embroiled in civil wars as well as other tribal wars, but it is now a very beautiful tourist and sightseeing area. The situation of travel and tourism, as well as the improvement of the transportation infrastructure in Yemen, has been declared better than in previous years. Export products to Yemen have changed a lot in recent years, as evidence shows that products imported to Yemen are mostly in the field of live food and livestock. Machinery as well as equipment and chemicals are other important products imported to Yemen.

Estimates show that the revenue-generating situation in Yemen in 2019 grew by about 12 percent. What is very important in the Yemeni economy is the situation of the annual GDP growth rate, which has grown by 20.00%. Trade balances in Yemen are about 14% higher than before, and growth in this area is considered acceptable. The current account balance in Yemen is about 13 percent, while the current account balance in the country has grown by more than 13 percent. The export and import system in Yemen has grown by 74%, and it is clear that the trade process in Yemen is being seriously pursued. Keep in mind that the situation of capital turnover in Yemen has also increased by 17%. Yemen's ranking of the government line has been seriously pursued, internet speed in this country has grown by 12%. Yemen's ease of doing business has grown by 18%.

Yemen is roughly rectangular, stretching 1,500 kilometres from east to west and 350 kilometres from north to south, and covers an area of 528,000 square kilometres; it is slightly smaller than France, Afghanistan, or Somalia, and slightly larger than Iraq, Spain, or Morocco. Yemen’s northern neighbour, Saudi Arabia, is four times larger, while its eastern neighbour, Oman, is about half its size.

Yemen has several climates. Western Yemen benefits from monsoon rains, which fall mainly in late spring and at the end of summer. Most of the rain falls in the mountains, with an annual maximum of a 1,000 millimetres in the southern mountains, decreasing gradually to an average of 400 millimetres in the northern mountains.

Temperatures in the mountains vary with altitude and season, with an average of 16°C and frosty winter nights in the higher mountains. The Tihama coastal strip, by contrast, is always hot and is very humid during the rainy season, a climate similar to that across the Red Sea, in Eritrea and Somalia. The eastern desert has a dry climate, with heavy but sporadic rains and frosty nights.

How is the export and import system ‎of Yemen?

Estimates show that the revenue situation in Yemen in 2019 grew by about 12 percent
Estimates show that the revenue situation in Yemen in 2019 grew by about 12 percent

Estimates show that the revenue situation in Yemen in 2019 grew by about 12 percent. What is very important in the Yemeni economy is the situation of the annual GDP growth rate, which has grown by 20.00%. Trade balances in Yemen are about 14% higher than before, and growth in this area is considered acceptable. The current account balance in Yemen is about 13 percent, while the current account balance to GDP has grown by more than 13 percent. 

The export and import system in Yemen has grown by 74%, and it is clear that the trade process in Yemen is being seriously pursued. Keep in mind that the situation of capital turnover in Yemen has also increased by 17%. Yemen's ranking of the government line has been seriously pursued, internet speed in this country has grown by 12%. Yemen's ease of doing business has grown by 18%.

The country has reached more than 14% in its competitive index. The corruption index in this country is around 27 points. The rate of corruption in the country has also increased by 17%. The economic and trade situation in Yemen is more than 29% based on competitive indicators. The corporate tax rate in Yemen is around 35.00%, while the status of the tax rate in Yemen is determined by the government, and estimates show that, in general, historical data in recent years are better than before. 

The Yemeni economic chart and calendar show that the personal income tax rate in Yemen was initially 15 percent, which is now seen at 20 percent. As it is known, in Yemen, the sales tax rate is around 2 to 5 percent. Company registration in Yemen is mostly seen in the food route. The price of the Yemeni dinar has not changed much, and in changing the exchange rate of the Yemeni dinar, the current economic climate is assessed.

Global ranking in all areas of Yemen

Trade balances in Yemen are about 14% higher than before, and growth in this area is considered acceptable
Trade balances in Yemen are about 14% higher than before, and growth in this area is considered acceptable

The current account balance in Yemen is about 13 percent, while the current account balance to GDP has grown by more than 13 percent. The export and import system in Yemen has grown by 74%, and it is clear that the trade process in Yemen is being seriously pursued. Keep in mind that the situation of capital turnover in Yemen has also increased by 17%. 

The state of gold reserves in Yemen is about 1.60 tons (468.8 million dollars). The terrorism index in this country is more than 8.08 percent. The amount of foreign direct investment in this country is also expected to grow by 15%. Yemen's crude oil production is more than 11 percent, accounting for 466.29 BBL. The truth is that Yemen's economic ranking is good, and it has a good structure in terms of trade.

Yemen's ranking of the government line has been seriously pursued, internet speed in this country has grown by 12%. Yemen's ease of doing business has grown by 18%. The country has reached more than 14% in its competitive index. The corruption index in this country is around 27 points. The rate of corruption in the country has also increased by 17%. The economic and trade situation in Yemen is more than 29% based on competitive indicators. Economic forecasts show that the country is facing a routine government situation.

Consumer spending is growing by more than 3% in Yemen, and it is clear that life in Yemen in general has taken certain approaches. The country's ranking in the field of communications has been more than 79 percent. Evidence shows that Yemen is growing by more than 19 percent in terms of social welfare. It is clear that the trade situation in Yemen is growing by more than 56%.

The type of government and political structure of Yemen
In Yemen, the president is the head of government who is elected by popular vote for a seven-year term. The president must elect the head of state. The head of the first government is the minister and is appointed by the president. 

The Senate has 111 seats, and its representatives are appointed by the president. The House of Representatives in Yemen has about 301 seats, and representatives in the country are elected by popular vote for a six-year term. Keep in mind that the political structure of Yemen has not changed in writing to date.

The capital and 9 major cities of Yemen

Sanaa is one of the most important cities in Yemen, which has grown a lot in terms of work as beautiful city in the field of tourism
Sanaa is one of the most important cities in Yemen, which has grown a lot in terms of work as beautiful city in the field of tourism

This beautiful city in the field of tourism is also on the list of important cities in Yemen. It is clear that this city has been rebuilt in recent years and is considered very valuable. Also, the city of Aden is one of the other important cities in Yemen that has been able to achieve good results in recent years, this city has seriously reached good economic approaches and is a trade route for it.

Taiz is another Yemeni city that has developed as a foundation. Taiz is on the list of Yemeni cities and is generally one of the cities that has been active in the field of academia in recent years. Hodeidah as well as Dhamar are among the cities that are seriously advanced and it is clear that they are seriously very precise and ideally advanced.

The city of Hadramaut is one of the historical cities of Yemen. In general, this city has certain economic approaches, and in the coming years, efforts will be made to rebuild the lost parts of the city.

Yemen has had a special position in recent years. In general, Yemen can be considered a happy country at that time. The first government to be established in Yemen was called Mo'inian, who ruled the land around 1200 BC. The commercial level of this people has been vast, from the Persian Gulf to the shores of the Mediterranean Sea. The next government in this country is Qutban, Qutban was established in the first millennium BC and continued until the second century AD. 

The return of the Indian Ocean to the Red Sea is also followed in certain periods. The Sabaeans ruled the region for about nine centuries. This government was overthrown by the Homerians. The Hamirian rule lasted from 515 BC to 531 BC and was extinct by the Abyssinians. In 1750, the land became part of the Ottoman Empire and became independent.

Yemen dependent countries and regions

Britain conquered Yemen in 1943 but gained independence in 1967. The present-day Republic of Yemen was established in 1990 in Yemen
Britain conquered Yemen in 1943 but gained independence in 1967. The present-day Republic of Yemen was established in 1990 in Yemen

The culture of the Yemeni people
The Yemeni people are seen in the average age of 17 years. In general, this country has a lot of young people, and the life expectancy of the Yemeni people is 65 years for women and about 61 years for men. The official religion in Yemen is Islam, and in general, the language of Yemen is Arabic. In the culture of the Yemeni people, speaking Arabic is sacred and very valuable. 

Half of the Yemeni people are literate, and the literacy and science approach in Yemen is very high. The assessments show that the income-generating situation in this country is better than before. The culture of urbanization is very high in Yemen, and it is clear that the government is trying to provide a culture of healthy living among the Yemeni people.

Progress in Yemen
Yemen's progress is mostly seen in the organic food sector. In this country, the food products produced are often exported organically, and fortunately, the Yemeni government has tried to keep the path of healthy exports open. On the other hand, the economic services in Yemen have changed a lot in recent years, and the country has also achieved a good ranking in the field of machine equipment. 

The machine equipment as well as the machine components that are produced in Yemen are each of high quality. It is clear that the economic approaches in this country are better than in previous years. In Yemen, the macroeconomic situation is divided into two parts. 

The macro-economy of construction in Yemen has grown by 11 percent, and routine progress in the field of urban structures can be seen in Yemen. The truth is that the government has announced its investments more directly than in previous years and believes that the investment path in Yemen is more visible than in previous years.

It is worth mentioning that Yemen is one of the best countries that has been able to consider a consistent approach in the field of urban transportation, and fortunately, there is a lot of success in this field, and transportation is one of the advanced sectors in Yemen.

General laws in Yemen

The people of Yemen have no interest in extravagance, and this can be seen in all the cities of Yemen. The flag of Yemen is tied to the history of this country
The people of Yemen have no interest in extravagance, and this can be seen in all the cities of Yemen. The flag of Yemen is tied to the history of this country

The Yemeni people are not interested in wearing the non-hijab, and this has become a law regarding the hijab in Yemen. In the laws of Yemen, life is seen in a special way, and it is clear that the path of life in this country is accompanied by contentment.

Yemen has always been known as the poorest Arab country, as it has witnessed internal conflicts and the intervention of regional and supra-regional powers since the 1960s. The war between the north and the south in 1994 destroyed a lot of financial resources and increased military and armaments spending, but since 2015 and the beginning of the Saudi-led Arab coalition's aggression against Yemen, the country's poverty and economic situation has worsened. 

The four-year economic blockade of Yemen, along with the destruction of its infrastructure by the Saudi coalition, has made the country practically a bankrupt economy.

Agriculture is an important part of the Yemeni economy, which was severely affected by the foreign invasion. One of the most important export products of Yemen is a special coffee to this country called "Moka", which is the name of the area under cultivation of this coffee. This product was exported to many countries of the world before the war, which is why the name Moka was used in Western languages ​​to name this particular type of coffee. 

But over the past decades, coffee cultivation in Yemen has declined, and Yemeni farmers have limited themselves to producing the qat drug for domestic needs. In 2012, the area under coffee cultivation was about 34,500 hectares, while the cultivation of "qat" plant was about 162,500 hectares of land. Yemeni coffee production reached 1,800 tonnes this year, while qat reached 190,800 tonnes. Experts believe that in order to save Yemen's agricultural industry, it is necessary to strengthen the country's ability to produce and export food products.

In the oil and gas sector, the war has made Sanaa unable to use this important economic and talented sector in Yemen. Yemeni oil production in 2014 was 133,000 barrels per day. Yemeni gas production this year amounted to 270 billion cubic feet. But now that Yemen is at war, and even before that, production in these sectors is facing security problems. Thus, the Yemenis are now forced to restore political security to their country in order to revive the economy and save millions from poverty.

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