Yemen economic recession triggers widespread business closures

Economic recession and widespread business closures are intensifying in Houthi-controlled areas of Yemen, including the capital, Sanaa. Local activists have reported a surge in 'For Rent' signs appearing on storefronts in historically active commercial streets as business owners struggle to manage rising costs and economic burdens.

Observers note that the middle class is nearly disappearing, leaving a sharp divide between a small wealthy elite and a majority living in poverty. Activists have highlighted the increasing difficulty of entering commercial markets due to exorbitant fees for business transfers and leases. The situation is exacerbated by heavy taxation and restrictions on the business sector, leading to warnings of a total halt in economic activity.