Yemen

Although the CBY has held the riyal steady for a number of weeks now, we expect the unit to depreciate further before the end of 2010. Depreciation of the currency is a necessary adjustment... 2010-05-27

In late March President Ali Abdullah Saleh stated that Yemen was making progress in its crackdown on al-Qaeda. However, the March arrest in Saudi Arabia of 101 militants accused of... 2010-03-29

The Central Bank of Yemen's foreign reserves dropped 14.2% y-o-y in 2009, to US$7.0bn. The recent onset of LNG exports coupled with higher oil prices - we are forecasting the OPEC... 2010-03-29

BMI View: The government is in a quandary, with seemingly no easy solution to a slate of economic woes, starting with a contracting hydrocarbons sector. Growth will be constrained... 2010-03-15

Our core view is that the Yemeni government will become increasingly dependent on foreign assistance over the coming years, and that the two key donor states will be the US and Saudi... 2010-02-25

The Yemeni riyal has weakened 2.2% so far in January, to trade at YER211.87/US$ at the time of writing on January 29. We expect to see further downside for the unit through 2010.... 2010-01-29

Iran's total external debt stood at US$21.6bn in May 2009, equivalent to a little under 6% of GDP. Considering that the country has little access to international capital market as... 2010-01-05