Deputy Minister of Industry: Houthi militias destroyed Yemen's economy

Eryani discusses with AEI officials Yemen situation and challenges posed by Houthi terror militia

Minister of Information, Culture and Tourism Muammar al-Eryani has met with officials from the American Enterprise Institute to discuss the situation in Yemen and the challenges posed by the terrorist Houthi militia.

Saudi and Turkish foreign ministers discuss promoting bilateral relations between the two countries

Saudi Foreign Minister Prince Faisal bin Farhan discussed with the Turkish Foreign Minister Hakan Fidan the bilateral relations between the two countries and ways to promote them.

Germany, Canada reiterate opposition to US tariffs.

Germany and Canada renewed today, Tuesday, their opposition to the tariffs that the new US administration began imposing on imports from abroad.

Saudi Al-Nasr beats UAE's Al-Wasl 4-0 in AFC Champions League Elite

Saudi Al-Nasr beat its guest, UAE's Al-Wasl, 4-0 in the match that brought them together at Al-Awal Park Stadium in Riyadh, as part of the seventh round of the AFC Champions League Elite 2024-2025.

Last Update: ، 2025/02/05 Time 08:53:23
Latest News:

Badhib: GDP declines 50 percent, inflation rises 200 percent due to Houthis' attacks on oil exports docks

Taiz Governor discusses preparations for 2025 fiscal year budget

Mahra Senior officials seek greater intervention by UNDP in fishery

Interior Minister Lauds Security Services' Efforts in Hadhramaut Valley

SPDRY participates in the 22nd meeting of Joint Technical Committee to identify Yemen's development needs ..

Deputy Minister of Industry: Houthi militias destroyed Yemen's economy

[26/05/2017 02:14]

ADEN- The Houthi militias are pursuing a carefully planned scheme to destroy Yemen's economy, said a senior Yemeni Trade and Industry official. The rebel movement forcibly levy an excess of duties from all public sectors, added Ali Al-Sharafi, the Deputy Minister of Trade and Industry in a seminar held by economic experts in Aden.

Mohammed Aljomaee, a journalist, addressed, in his presentation, the black market of oil products saying it turned the national economy to a mysterious economy run by wealth snakes and warmongers (the militias in Sana'a).

"In their obliteration of the Yemeni economy and running of alternative (black) markets, the militias copied the Iranian Revolutionary Guards' way of running parallel institutions," said Aljomaee.

Another economic expert, Mustafa Nasr, exposed the disastrous condition of the Yemeni economy resulting from the militia's systematic depletion of the foreign cash reserves.