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

Member of PLC al-Khanbashi Launches Yemeni Cultural Summit in Mukalla

Member of the Presidential Leadership Council Salem al-Khanbashi, the Governor of Hadramout, inaugurated the Yemeni Cultural Summit in Mukalla on Saturday and officially opened the Arts Zone project, implemented by the Hadramout Foundation for Culture with joint funding from the European Union, the British Council, and UNESCO.

Death Toll from Israeli Offensive in Gaza Rises to 72,757, with 172,645 Injured

Medical sources in Gaza Strip said the death toll from the Israeli military offensive on the territory has risen to 72,757, while the number of wounded has reached 172,645 since the outbreak of the war on October 7, 2023.

Oil price tops $100 a barrel

Oil prices jumped above $100 per barrel today, Monday, as the U.S. Navy prepares to take control of ship movements in the Strait of Hormuz.

Inter Milan a win away from Serie A title

Inter Milan continued its successful march to reclaim the Italian football league title, despite drawing with its host Torino (2-2), in the conclusion of the 34th round of the competition.

Last Update: ، 2026/05/16 Time 08:04:59
Latest News:

Al-Khanbashi Reviews Preparations for Government-Local Partnership Conference and Fuel Supply in Hadramout

President al-Alimi: Dealing with Houthis as Authority of Fait Accompli Means Legitimizing Divine Right, ..

Yemen’s Higher Education Minister Explores Academic Ties with Somalia, Libya

Economic Council Addresses Yemen’s Financial Crisis and Service Shortfalls

Breakthrough Deal Reached to Free 1,750 Detainees in Yemen

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.