Middle East Research and Information Project

Critical Coverage of the Middle East Since 1971

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Finance

NEW: Remittances at Risk–War, Sanctions and Financial Insecurity in Yemen — Employees count banknotes at a currency exchange office in Yemen's third city of Taez, 2021. Ahmad al-Basha/AFP via Getty Images

Yemen

NEW: Remittances at Risk–War, Sanctions and Financial Insecurity in Yemen

Dear Friends and Comrades, With the conflict in Yemen taking a dramatic turn this week, we are sharing a new article that examines how the sanctions regime imposed on Houthi territory has impacted households across the country. In “Remittances at Risk–War, Sanctions and Informal Finance in Yemen,” Oshin Pandey

James Ryan, Oshin Pandey, Narayani Sritharan • 1 min read

Remittances at Risk—Sanctions, War and Informal Finance in Yemen — Employees count banknotes at a currency exchange office in Yemen's third city of Taez, 2021. Ahmad al-Basha/AFP via Getty Images

Yemen

Remittances at Risk—Sanctions, War and Informal Finance in Yemen

Yemeni migrant workers abroad send billions of dollars to Yemen every year, making remittances one of the country’s largest and most consistent sources of foreign currency. The primary corridor runs through Saudi Arabia, which accounts for an estimated 61 percent of Yemen's formally recorded remittance inflows, with

Oshin Pandey, Narayani Sritharan • 10 min read

The Financial Ties that Bind the Arab Gulf Monarchies and the United States — President Donald Trump, flanked by White House senior advisor Jared Kushner, meets with Saudi Arabia’s Deputy Crown Prince Mohammed bin Salman at the Ritz Carlton Hotel in Riyadh, Saudi Arabia May 20, 2017. Jonathan Ernst/Reuters

MER Article

The Financial Ties that Bind the Arab Gulf Monarchies and the United States

In July 2021, former President Donald Trump’s son-in-law and advisor Jared Kushner obtained a $2 billion investment for his newly formed private equity firm, Affinity Partners, from Saudi Arabia’s sovereign wealth fund. Notably, the deal was approved despite opposition from the Saudi fund’s investme

David Wight • 12 min read