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

National Defense Council Holds Houthi Militias, Iranian Regime Accountable for Escalation, Approves Measures to Protect Sovereignty

The Presidential Leadership Council (PLC) headed by His Excellency President Dr. Rashad al-Alimi, Chairman of the Council and Commander-in-Chief of the Armed Forces, held a joint meeting today, Monday, with the National Defense Council, (NDC) in the presence of all its members: Sultan al-Arada, Tariq Saleh, Abdulrahman al-Mahrami, Dr. Abdullah al-Alimi, Othman Majli, Mahmoud al-Subaihi and Salem al-Khanbashi.

U.S. Extends Work Permits for Temporary Protected Status Holders

The U.S. administration has extended work permits for hundreds of thousands of migrants from Haiti and six other countries who are protected under the Temporary Protected Status (TPS) program, just hours before the permits were due to expire.

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.

France Advance to World Cup Quarterfinals, Set Up Morocco Clash

France secured a place in the quarterfinals of the 2026 FIFA World Cup after edging Paraguay 1-0 in their Round of 16 encounter.

Last Update: ، 2026/07/14 Time 04:39:22
Latest News:

National Coalition of Parties Announces Full Support for Chairman of Leadership Council, Measures Taken ..

Minister of Trade, His Libyan Counterparts Discuss Bilateral Cooperation

UK: Landing of Two Iranian Planes in Yemen Clear Violation of Yemen's Sovereignty, International Law

Greece: Yemen's Sovereignty, Its Airspace, Must Be Fully Respected

France Condemns Iran for Undermining Yemen's Sovereignty, Destabilizing Region Security

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.