Economic Committee: Houthi rebels' practices drive national economy into overall collapse

Parliament Speaker inspects impacts of air-depression in Mahra

The Speaker of the Parliament Sheikh Sultan al-Barakani was briefed on the situation in Al-Mahrah Governorate as a result of the impacts of the air-depression, which caused significant losses and damages to public services, government facilities, properties, agricultural lands, roads, and infrastructure.

BTA chief: News should not be treated as commodity but as human right

Bulgarian News Agency (BTA) Director General Kiril Valchev said news should not be treated as a commodity but as a human right, the news agency published.

Chinese car sales surges 26.4 percent in the first quarter of 2024

Sales of passenger cars of Chinese brands increased by 26.4 percent year-on-year in the first quarter of 2024 as some 3.39 million vehicles were sold during the mentioned period.

Spain reaches the final of the European Nations League and sets a date with Croatia

The Spanish national team reached the final match of the European Nations League, after defeating Italy with two goals to one in the semi-finals of the tournament, to set a date in the final match with the Croatian national team, which succeeded in reaching the same role by defeating the Netherlands.

Last Update: ، 2024/05/04 Time 02:43:28
Latest News:

Al-Wahishi discusses with Russian President's envoy latest developments in Yemen

Yemen, Djibouti discuss enhancing bilateral relations

Consultative meetings between government, IMF concluded in Amman

Justice Minister discusses cooperation with UN Office on Drugs, Crime

Foreign Minister discusses with Moroccan counterpart joint issues

Economic Committee: Houthi rebels' practices drive national economy into overall collapse

[28/05/2019 10:20]

ADEN-SABA
The Economic Committee charged managing economic hardships said Houthi militias are insisting on exploiting economic and fiscal situations in the militia controlled regions to get involved in currency speculations in the market causing national currency slide.

The committee added in statement seen by the Yemeni News Agency (Saba) saying" The militia is insisting on driving national economy into total collapse, exercising blackmailing on financial institutions under weapons intimidation to justify its actions, serves its own interests; employing national currency collapse to achieve gain politically by capitalizing on the peoples' suffering, blaming the government and Arab Coalition for the deteriorated humanitarian situation".

The committee reaffirmed that the Central Bank of Yemen (CBY) has continued to do its job, securing foreign currency to import basic commodities of food and fuels for all traders in line with the stated regulations and conditions.

The committee called on the International Community (IC) and UN to sense their responsibility, get the militia refrain from exploiting the humanitarian crisis to gain politically.