24 Hrs
Source:
الأيام
Yemeni Coast Attacks Impact Food Costs
Concerns are increasing over the deteriorating security situation in the maritime corridors surrounding Yemen, as commercial ships and oil tankers have been targeted by armed attacks near the Gulf of Aden and the Arabian Sea. This has led shipping companies to raise insurance costs, resulting in more than a 30% increase in import expenses. These developments have negatively impacted the Yemeni market, with prices of essential goods rising despite the 45% improvement in the exchange rate of the rial. The country continues to face structural challenges in the market and weak price regulation.
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