PM says Houthi rebels collected YR 846 bln revenues last year

Dr. Abdullah al-Alim Briefs Arab Ambassadors to UK on Developments in Yemen

The Member of the Presidential Leadership Council (PLC) Dr. Abdullah al-Alimi detailed Arab Ambassadors to the United Kingdom (UK) on the political and security situations in Yemen as well as the economic and humanitarian challenges in Yemen.

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: ، 2026/07/12 Time 07:40:18
Latest News:

Presidential Leadership Council Member Highlights Parliament's Key Role in Advancing State-Building Efforts

Transport Ministry Rejects Unauthorized Iranian Flights to Sana'a Airport

Houthi Terrorist Militias Thwart UN-Led Detainees, Abductees Exchange Process

Al-Alimi Discusses With Senior British Official Bilateral Cooperation

Leadership Council Avows To Take All Measures To Prevent Violations of Yemeni sovereignty

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."