Skip to main content

Ongoing instability hurts Yemeni businesses

The Yemeni economy continues its downward spiral, with Yemeni entrepreneurs finding it difficult to get financing for projects while the country’s political instability worsens.
122114_AKP_factory08.jpg

SANAA, Yemen — In 2011, anti-government protesters celebrated when Yemen saw a leader’s three decades of rule come to an end after almost a year of mass demonstrations. For many, former President Ali Abdullah Saleh’s downfall symbolized the emergence of a new era in this Arab nation. But average citizens paid the price for months of political and security instability.

The nation’s already feeble economy was in shambles, with no indication that Yemen’s coming internationally engineered political transition would bring monetary relief to a nation where unemployment rates are inching towards 50%, some analysts say.

Access the Middle East news and analysis you can trust

Join our community of Middle East readers to experience all of Al-Monitor, including 24/7 news, analyses, memos, reports and newsletters.

Subscribe

Only $100 per year.