Website Fighting Yemen’s Staggering Unemployment Wins IMF-Sponsored Award

Men walk in front of damaged buildings in Sana'a on April 21, 2015. REUTERS
Men walk in front of damaged buildings in Sana'a on April 21, 2015. REUTERS
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Website Fighting Yemen’s Staggering Unemployment Wins IMF-Sponsored Award

Men walk in front of damaged buildings in Sana'a on April 21, 2015. REUTERS
Men walk in front of damaged buildings in Sana'a on April 21, 2015. REUTERS

Overcoming the brutal fighting and suffering and diminishing employment opportunities, Yemeni innovator Saeed al-Faqih came up with a revolutionary concept for a job-seeking website linking between the employer and the job hunters.

As a muddled conflict shreds Yemen with Iran-allied Houthi militias straining economic conditions, forcing many companies to abandon the labor market, and driving unemployment rates among professionals and craftsmen up, the website comes as a small but valuable sigh of relief from a nationwide frustration.

Fighting against the devastation, information systems graduate Faqih who earned his bachelor's degree back in 2011 from Sanaa’s Future University, came up with the website’s new concept.

In May 2015, he founded the website (www.anamehani.com) (Arabic for “I am a professional”) which covers many professions such as accounting, marketing, sales, electricity, plumbing, agriculture and design. The site covers four countries: Saudi Arabia, Yemen, Egypt and Morocco.

Inside Yemen, the portal sparked a glimmer of hope for Yemenis facing life difficulties, job cuts, poor services and poor Internet access. After several months, the website achieved great success, with applications reaching 312 per day in six Yemeni cities alone, namely Sana'a, Hodeidah, Aden, Ibb, Hadramout and Hajjah.

Faqih’s website won a number of awards, most recently the IMF Innovation Labs Competition at the "Prosperity for All" conference, held in Morocco on “promoting jobs and global growth in the Arab world”.

Despite winning the award, Yemen’s turmoil gave Faqih a hard time against him participating in the conference in the city of Marrakesh, Morocco.

"I live in Sana'a, and all the airports in the northern section have been closed,” he told Asharq Al-Awsat.

“I had to take the bus to Aden.”

“Coup militiamen searched all the passengers several times at checkpoints, and badgered them with extensive questions about the reasons for travel from the north to the south,” said Faqih.

“The checkpoints were set up every 10 kilometers. The inspection took a long time. They searched the bags, mobile phones and letters for any comments that prove if the owner was anti-Houthi.”



Gold Steady as Market Eyes Middle East Conflict, Fed Decision

FILE PHOTO: An employee places ingots of 99.99 percent pure gold in a workroom at the Novosibirsk precious metals refining and manufacturing plant in the Siberian city of Novosibirsk, Russia, September 15, 2023. REUTERS/Alexander Manzyuk/File Photo
FILE PHOTO: An employee places ingots of 99.99 percent pure gold in a workroom at the Novosibirsk precious metals refining and manufacturing plant in the Siberian city of Novosibirsk, Russia, September 15, 2023. REUTERS/Alexander Manzyuk/File Photo
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Gold Steady as Market Eyes Middle East Conflict, Fed Decision

FILE PHOTO: An employee places ingots of 99.99 percent pure gold in a workroom at the Novosibirsk precious metals refining and manufacturing plant in the Siberian city of Novosibirsk, Russia, September 15, 2023. REUTERS/Alexander Manzyuk/File Photo
FILE PHOTO: An employee places ingots of 99.99 percent pure gold in a workroom at the Novosibirsk precious metals refining and manufacturing plant in the Siberian city of Novosibirsk, Russia, September 15, 2023. REUTERS/Alexander Manzyuk/File Photo

Gold prices were steady on Tuesday as investors assessed the conflict between Israel and Iran and looked ahead to this week's US Federal Reserve's policy meeting.

Spot gold was steady at $3,383.01 an ounce, as of 0851 GMT US gold futures fell 0.5% to $3,401.30.

Israel and Iran exchanged attacks for a fifth consecutive day on Tuesday, Reuters reported.

US President Donald Trump urged an evacuation of Iran's capital Tehran and cut short his trip to the G7 summit in Canada. A separate report said he had asked for his administration's National Security Council to be prepared in the situation room.

"Markets are waiting for the latest signals whether hostilities between Israel and Iran would escalate or will remain contained," said Han Tan, chief market analyst at Exinity Group.

"Gold still retains its bias for lurching upwards on signs of a worsening Middle East conflict, given the precious metal's stature as the preferred safe haven of late."

Zero-yield bullion is considered a hedge against geopolitical and economic uncertainty and tends to thrive in a low-interest environment.

The US central bank rate decision and Chair Jerome Powell's remarks are due on Wednesday. Traders are currently pricing in two cuts by the end of the year.

Meanwhile, Citi lowered its short-term and long-term price targets for gold, projecting prices could drop below $3,000 per ounce by late 2025 or early 2026, driven by declining investment demand and an improving global growth outlook, it said in a note on Monday.

Elsewhere, spot silver was up 0.3% at $36.45 per ounce, platinum was unchanged at $1,246.59, while palladium fell 0.4% to $1,025.44.