The Yemeni government has urged the international community to provide support to rebuild the country's housing sector, which has been severely damaged by the ongoing conflict.
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U.S. President Donald Trump confirmed his intention to increase tariffs on foreign imports of steel and aluminum from 25% to 50%, which will increase pressure on steel producers worldwide and threaten to escalate his trade war.
Prime Minister arrives Aden for working from inside the country
[30/10/2018 11:55]
ADEN-SABA
Prime Minister Dr. Ma'een Abdulmalik, along with a number of ministers, arrived on Tuesday the transitional capital Aden to work from inside the country.
The government will commence the process of reconstruction and improve service and economic situations.
The government will focus on tackling faults in the country's management and economy and will activate the monitoring apparatus in all the state institutions, Prime Minister told Saba.
He added that the government's priorities are economic and service reforms, reconstruction and normalizing conditions in the liberated provinces, stressing that this will not be achieved only by joint cooperation from all parties.
He confirmed that the forthcoming period will be for construction, development and cooperation and the government will ask help of administrative and economic experts for regaining the state pillars and realizing security and stability in these difficult conditions Yemen goes through.
He pointed out that the government faces huge challenges over the collapse of the economic and humanitarian situations as half of the population are in grinding poverty famine gap is expanding to include thousands after Houthi rebel militia deprived more than a million employees from their salaries.
Prime Minister renewed what he said earlier that they have "big problem in economic structure, reduction of domestic product reached 40 percent, fall of exchange price and drop out of oil production to 10 percent."
He stressed significance of integration of all political forces for creating suitable environment for work to serve the interest of the people.
He pledged to reform the state institutions, saying the government is willing to control the revenues and expenditures in the near future for increasing resources within economic rules.
He valued support from brothers in the Arab Coalition led by Saudi Arabia and grants provided by the Custodian of the two Holy Mosques King Salman Bin Abdul-Aziz and his Crown Prince Mohamad Bin Salman for improving economic situation.