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

Interior Minister Discusses Enhancing Joint Security Cooperation with Saudi Officia

Minister of Interior, Lieutenant General Ibrahim Haidan, today discussed with the acting Saudi Deputy Minister of Interior, His Highness Prince Dr. Abdulaziz bin Mohammed bin Ayaf, ways to enhance joint security cooperation.

German Chancellor Says Europe Must Stand Strong

German Chancellor Friedrich Merz has called on Europeans to strive for greater autonomy, emphasizing the need for Europe to defend itself using its own capabilities, given the shift in transatlantic relations.

China's foreign exchange reserves rise to $3.3991 trillion

China's total foreign exchange reserves made $3.3991 trillion at the end of last January, marking an increase of $41.2 billion, or 1.23 percent, compared to the end of December last year.

Saudi League: Al-Nassr, Al-Ettifaq and Neom Secure Victories Over Al-Ittihad, Damac and Al-Riyadh

Al-Nassr defeated its guest Al-Ittihad 2–0 in the match that brought them together at Al-Awwal Park Stadium in Riyadh, as part of the 21st round of the Saudi Professional League.

Last Update: ، 2026/02/10 Time 05:30:30
Latest News:

PM: We're keenly seeking greater partnership with France

President al-Alimi praises US pressures on Houthi militias, Iranian regime

President al-Alimi receives German parliamentary delegation

Presidential Leadership Council Member Al-Muharrami Stresses Importance of Developing Transport Sector

President al-Alimi receives British Minister of State for Middle East Affairs

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.