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

"Masam” Removes 1,779 Houthi Mines During Third Week of June

King Salman Humanitarian Aid and Relief Centre" Masam Project to clear Yemeni territories of mines, managed during the third week of June to remove approximately 1,779 mines planted by the Houthi militia in various areas.

Bahrain Says Air Defenses Intercepted and Destroyed Several “Treacherous” Iranian Air Attacks

The General Command of the Bahrain Defence Force announced on Thursday that Iran continues what it described as a systematic hostile approach through missile and drone attacks targeting civilians in the Kingdom of Bahrain.

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.

Paris Saint-Germain Crowned UEFA Champions League Winners

French club Paris Saint-Germain claimed the UEFA Champions League title after defeating Arsenal 4-3 in a penalty shootout following a 1-1 draw in the final held at Puskás Aréna in the Hungarian capital, Budapest.

Last Update: ، 2026/06/23 Time 06:29:39
Latest News:

Al-Arada Meets with the International Committee of the Red Cross

Yemen Expresses Full Solidarity with Qatar Following Explosion at Liquefied Natural Gas Facility

Water Minister Discusses with IOM Strengthening Cooperation Supporting Projects

Aden Governor Discusses Humanitarian Interventions and Sustainable Development Projects with OCHA

Minister launches second phase of health voucher programme in Aden

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.