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

MASAM removes 1044 Houthis- laid landmines in a week

King Salman Relief and Humanitarian Center's Demining Project in Yemen, known as " MASAM" managed to remove 1044 of landmines, unexploded ordnances (UXO) and explosives devices in the first week of this month November 2025, all planted by the terrorist Houthi militiamen in several governorates.

Israeli Occupation Forces Arrest 4 Palestinians in Ramallah

Israeli occupation forces arrested four Palestinians in Ramallah province today, Thursday, after raiding their homes.

More than 1,500 flights canceled in U.S. amid ongoing government shutdown

Airlines canceled more than 1,500 flights in the United States today, Monday, for the fourth consecutive day, amid continued government flight reductions and the absence of air traffic control staff.

Paris Saint-Germain Claims Top Spot in Ligue 1 After Thrilling Win Over Lyon

Paris Saint-Germain (PSG) secured a hard-fought 3-2 victory over Lyon on Sunday in the twelfth round of the French Ligue 1, taking sole leadership of the league standings.

Last Update: ، 2025/11/11 Time 05:23:54
Latest News:

Chief of Staff discusses cooperation, coordination with partners

Minister al-Socotri Discusses with World Bank Delegation Implementation Development Projects

Minister of Defense discusses joint cooperation with British Military Attaché

President al-Alimi receives UK ambassador

Water Crisis Takes Center Stage: Deputy Minister Meets World Bank Officials

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.