Yemen · Country watch

Central Bank Halts Licenses; Fuel Supply Disrupted

Yemen's central bank suspends licenses of 10 forex firms; airstrikes disrupt fuel supplies at Hodeidah port.

Florent Kalfon · 1 November 2026 · 4 articles read

The picture Deteriorating How this is judged →

Business conditions in Yemen are deteriorating as the central bank tightens control over forex firms and airstrikes disrupt fuel supplies at Hodeidah port. The intensified military operations add to the instability, affecting logistics and financial sectors.

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In this briefing Ahmed Ghaleb · Central Bank of Yemen · Hodeidah port · Yemeni army · Houthis

Regulation

Finance

Central Bank of Yemen halts 10 forex firm licenses

a bank sign lit up in the dark — POURIA 🦋 / Unsplash

The Central Bank of Yemen has suspended the licenses of 10 currency exchange firms and ordered their closure, according to Mareb Press. Governor Ahmed Ghaleb issued the decision following a report from the bank's field monitoring teams, which documented violations by these firms. This move is part of decision number 21 of 2026 and aims to regulate the currency exchange market. The affected firms were found to have committed unspecified breaches, leading to the revocation of their licenses and the closure of their operations.

Impact Currency exchange operators in Yemen face increased regulatory scrutiny, affecting their operations and market presence.

Sources: Mareb Press ↗, Aden Al-Ghad ↗

Disruption

Logistics

Airstrikes disrupt fuel supplies at Hodeidah port

Airstrikes have destroyed fuel storage facilities used by Houthi forces at Hodeidah port, disrupting transportation activities, Aden Al-Ghad reports. The attacks targeted the infrastructure supporting Houthi logistics, impacting their ability to move supplies. This disruption comes amid ongoing military operations in the region, further complicating logistics and supply chain activities at one of Yemen's key ports.

Impact Logistics providers and importers using Hodeidah port face delays and increased costs due to disrupted fuel supplies.

Sources: Aden Al-Ghad ↗

Internal tension

Defence

Yemeni army intensifies operations against Houthis

The Yemeni army has conducted over 1,200 operations against Houthi forces in the past 24 hours, according to Yemen Monitor. The military actions targeted Houthi gatherings, reinforcements, and supply routes in the regions of Al-Jawf and Taiz. The operations reportedly neutralized 500 Houthi fighters, indicating an escalation in the conflict. The intensified military activity reflects ongoing efforts to counter Houthi advances and maintain control over strategic areas.

Impact Defence contractors and security firms operating in Yemen may see increased demand for services amid heightened military activity.

Sources: Yemen Monitor ↗

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