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

Yemeni Transport Minister Meets EU Envoy to Explore Cooperation on Transport Development

Yemen’s Minister of Transport, Mohsen Al-Amri, held talks in Aden on Tuesday with European Union Ambassador to Yemen Patrick Simonnet on ways to deepen collaboration in sea, air, and road transport, and on backing infrastructure and logistics initiatives across the country.

Arab League Calls for Confronting Rising Anti-Muslim Hate

The Arab League on Sunday called for intensified international efforts to confront the growing phenomenon of hate speech and discrimination against Muslims in order to prevent deeper divisions among religions and cultures.

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: ، 2026/05/13 Time 08:12:54
Latest News:

Yemen’s Local Administration Ministry Holds Talks with EU Mission on Strengthening Local Governance

Yemen’s National Commission Discusses Human Rights Cooperation with Geneva Call

Yemeni Ambassador, Turkish Higher Education Council Chief Discuss Academic Cooperation

Al-Khanbashi Meets UN Envoy Office Delegation, Discusses Development Projects with UNDP

Prime Minister Receives Copy of Credentials of Kuwait’s Ambassador to 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.