PM says Houthi rebels collected YR 846 bln revenues last year

UNESCO Adds Hadrami Dan to Intangible Cultural Heritage List

The UNESCO Intergovernmental Committee for the Safeguarding of Intangible Cultural Heritage has inscribed the Hadrami Dan on the Representative List of the Intangible Cultural Heritage of Humanity during its 20th session in New Delhi.

Massive 7.0 Magnitude Earthquake Strikes Alaska, USA

A powerful 7.0 magnitude earthquake struck Alaska, USA, yesterday evening, according to the United States Geological Survey (USGS).

Gold Prices Stabilize as Investors Await Key US Data Release

Gold prices remained steady today, Friday, after rising US Treasury yields offset the dollar's weakness, as investors await crucial US economic data releases.

CAF Unveils Official Mascot for 2025 Africa Cup of Nations in Morocco

The Confederation of African Football (CAF) and the Local Organizing Committee unveiled the official mascot for the 2025 Africa Cup of Nations in Morocco, named "Asad" (Lion), embodying a symbol of African pride and passion for football.

Last Update: ، 2025/12/10 Time 03:59:09
Latest News:

UNESCO Adds Hadrami Dan to Intangible Cultural Heritage List

Foreign Minister Zindani Meets with UN Special Envoy

Al-Mahrami urges doubling down efforts to maintain oil derivatives supplies

Amb. al-Ashbi discusses trade cooperation with Pakistani Commerce Minister

Saudi Delegation Meets with Sheikhs, Notables, Leaders of Hadhramaut

PM says Houthi rebels collected YR 846 bln revenues last year

[22/09/2018 02:33]

CAIRO-SABA
Prime Minister Ahmed bin-Daghr said the Houthi rebels collected revenues worth 846 billion Yemeni Riyals last year and pumped it into the market to buy US dollars.

In a seminar held by the national Economic Committee under the slogan "Together We (should) Stabilize the Riyal" in the Egyptian capital on Saturday, bin-Daghr cited a number of Houthi financial abuses that led to the depreciation of the Riyal against the US dollar.

He said the Sana'a-based rebels "collected the revenues from taxes, customs, and other levies that Houthis made religiously (compulsory) such as the Khomos (fifth of individuals' income )."

"Not taking these funds directly to the central bank and commercial banks …is another cause of the collapse of the national currency," he said referring to Houthi practices.

"The leaders of the coupist militia injected nearly 200 billion Riyals all at once to the local market to get it replaced with newly printed banknotes and with foreign currencies," he added.

Going chronically backwards in the militia's abuses, he said: " After looting the country's reservoir of hard currency, and two trillion Yemeni Riyals and hoarded them all in their stores (starting from 2014), the militia's leaders injected the Riyals again into the market giving the national currency a deep stab."