Deputy Minister of Industry: Houthi militias destroyed Yemen's economy

President al-Alimi congratulates on Slovak National Day

Chairman of the Presidential Leadership Council Dr. Rashad al-Alimi sent Monday a congratulatory telegram to Peter Pellegrini, the President of the Slovak Republic on the occasion of his friendly country's National Day.

Bulgarian Tourist Union to Celebrate 130 Years of Organized Tourism in Bulgaria

The Bulgarian Tourist Union (BTU) will organize a hike for hundreds of mountain lovers, starting from the Ivan Vazov National Theatre to Mt. Cherni Vrah, to celebrate 130 years of organized tourism in Bulgaria.

WB grants a $100 million to Madagascar

The World Bank (WB) has provided a grant of $100 million to Madagascar, aimed at improving the performance of the national electricity and water company 'JIRAMA', which is suffering from a severe financial crisis.

Leeds United beat Everton in English Premier League

Leeds United beat Everton 1-0 at Elland Road in the final round of the English Premier League.

Last Update: ، 2025/09/02 Time 09:45:47
Latest News:

Baslim discusses with Swiss Ambassador ways to enhance media cooperation

Gulf Ministerial Council calls on donor countries to provide humanitarian, development support to Yemen ..

Health Minister Discusses Enhanced Healthcare Cooperation with International Organization

UN Condemns Houthi Militia's Detention of UN Staff

PM receives a delegation from Doctors Without Borders and praises its humanitarian role.

Deputy Minister of Industry: Houthi militias destroyed Yemen's economy

[26/05/2017 02:14]

ADEN- The Houthi militias are pursuing a carefully planned scheme to destroy Yemen's economy, said a senior Yemeni Trade and Industry official. The rebel movement forcibly levy an excess of duties from all public sectors, added Ali Al-Sharafi, the Deputy Minister of Trade and Industry in a seminar held by economic experts in Aden.

Mohammed Aljomaee, a journalist, addressed, in his presentation, the black market of oil products saying it turned the national economy to a mysterious economy run by wealth snakes and warmongers (the militias in Sana'a).

"In their obliteration of the Yemeni economy and running of alternative (black) markets, the militias copied the Iranian Revolutionary Guards' way of running parallel institutions," said Aljomaee.

Another economic expert, Mustafa Nasr, exposed the disastrous condition of the Yemeni economy resulting from the militia's systematic depletion of the foreign cash reserves.