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Economy
China Banks Eye Bid for German Bank
YemenExtra
SH.A.
Bank of China and the Industrial and Commercial Bank of China are among suitors looking at a potential purchase of German transport finance lender DVB Bank, three sources familiar with the matter said.…
UAE Occupation Loots Socotra Island Rare Trees
YemenExtra
United Arab Emirates have been sweeping away rare natural medical trees in Yemen’s famous island of Socotra, according to local officials, residents and activist.
Socotra trees ,known locally as Dam al-Akhawain,…
Central banks have added trillions to balance sheets
YemenExtra
Since the global financial crisis, central banks have added trillions to balance sheets, and many markets have recovered. Now a major question lingers for central bankers, policy-makers and investors about balancing…
Oxfam: 82% of last year’s wealth went to richest 1%
YemenExtra
M.A.
A new Oxfam report has revealed that the world’s richest people gained more than eighty percent of the wealth created last year, singling out US President Donald Trump’s “cabinet of billionaires” for failing ordinary…
UAE continues stealing Socotra Yemen’s Island
YemenExtra
Yemeni citizens condemned the attempts of the United Arab Emirates to occupy the archipelago of Socotra, denouncing the tampering with its contents and looting its wealth.
Citizens attributed the UAE’s efforts to…
Trump gets ‘in-depth’ China trade briefing: WH
YemenExtra
The White House says President Donald Trump has received an "in-depth" briefing on trade with China and its economy.
Trump met Saturday in Florida with US Trade Representative Robert Lighthizer.…
China to become world’s biggest economy by 2032
YemenExtra
Experts say the United States is set to lose its global economic dominance and will be replaced by China that will establish itself as the world’s biggest economy before 2032.
A report released by the London-based…
New year changes cost Saudi Arabia and the UAE more tax
YemenExtra
Saudis and Emiratis will pay more tax, the Swiss will pay less, Brits will start taking more expensive train journeys and China will stop taking in the world’s rubbish.
These are some of the changes that…
Saudi Economy Shrinks for First Time in 8 Years: Ministry
YemenExtra
The Saudi economy shrank by 0.5 percent in 2017 for the first time in eight years due to a drop in oil production, the finance ministry said on Tuesday.
The last time the OPEC kingpin’s economy contracted was in…
North Korea stole $82.7 million worth of crypto currency from South Korea
YemenExtra
Pyongyang is behind hacking attacks on South Korea's crypto-currency exchanges which resulted in the theft of at least $7 million dollars worth of digital money, says the South's National Intelligence Service.…