The Republic of Yemen occupies the southern end of the Arabian Peninsula, sharing land borders with Saudi Arabia to the north, and Oman to the east.
Though Arabic is the country’s official language English is taught in many schools, and the language is widely spoken in the south.
Yemen is the poorest country in the Middle East. Yemeni infrastructure is weak, and water supply in particular is patchy. The situation has been compounded by the Civil War that has raged in the country since 2015.
Around three-quarters of Yemen’s workforce are employed in agriculture, producing around 20% of national GDP.
Yemen’s exports sector is dominated by petroleum and oil. The country’s oil output is relatively small, however, and the country does not belong to OPEC. Gas and fish are among other important exports. Around 840,000 of tons are caught in Yemeni waters every year. However, the fishing industry remains underdeveloped.
Other industries include ship repair, food processing, handcrafts, aluminium products and cement. The country’s main export partners are China (which receives around 44% of Yemeni exports), Thailand, India and South Korea.
HLB is represented by HLB Yemen, a full service accounting and auditing firm offering audit, tax, consulting, litigation support, business valuations, and forensic accounting services.
Latest insights, case studies and news from across the network
HLB International Tax webinar EPS 10. Navigating the EU Mandatory Disclosure rules
In episode 10 of HLB’s International Tax webinar series, our HLB panelists will provide an overview of the EU’s Mandatory Disclosure rules and the potential impact on global businesses.
HLB Cross-Border Business Talks Podcast Series
An HLB podcast series in which we share our insights and ideas, and welcome guest speakers to keep you informed on cross-border business topics. We provide bite-size analysis on today’s...
People, Environment & Technology: A Three-Pronged Approach to Reducing Cybersecurity Risk
With the number cyberattacks increasing across the globe, the best practice to reducing cybersecurity risk is a three-pronged approach: People, Environment and Technology.
Get in touch
Whatever your question our global team will point you in the right directionStart the conversation