Central Bank Governor: Next Phase Will Witness Significant Growth in Trade Between Yemen and Egypt
Governor of the Central Bank of Yemen Ahmed Ghaleb stated that “the coming phase will witness notable growth in trade and investment activity between Yemen and Egypt, amid technological developments in the global banking sector.”
Bahrain Says Air Defenses Intercepted and Destroyed Several “Treacherous” Iranian Air Attacks
The General Command of the Bahrain Defence Force announced on Thursday that Iran continues what it described as a systematic hostile approach through missile and drone attacks targeting civilians in the Kingdom of Bahrain.
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.
Paris Saint-Germain Crowned UEFA Champions League Winners
French club Paris Saint-Germain claimed the UEFA Champions League title after defeating Arsenal 4-3 in a penalty shootout following a 1-1 draw in the final held at Puskás Aréna in the Hungarian capital, Budapest.
User Name: Password:
The US Department of the Treasury Sanctions Network Financing IRGC-QF , Houthis in Yemen
[10/06/2021 09:01]


WASHINGTON - SABA
The US Department of the Treasury announced today that the Treasury's Office of Foreign Assets Control (OFAC) is designating members of a smuggling network that helps fund Iran’s Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF) and the Houthis in Yemen.

The Department reveal that the network" Led by Iran-based Houthi financier Sa’id al-Jamal, this network generates tens of millions of dollars in revenue from the sale of commodities, like Iranian petroleum, a significant portion of which is then directed through a complex network of intermediaries and exchange houses in multiple countries to the Houthis in Yemen".

The Director of the OFAC Andrea M. Gacki said "This network’s financial support enables the Houthis’ deplorable attacks threatening civilian and critical infrastructure in Yemen and Saudi Arabia.

He added "These attacks undermine efforts to bring the conflict to an end and, most tragically, starve tens of millions of innocent civilians. Ending the suffering of millions of Yemenis is of paramount concern to the United States, and we will continue to hold accountable those responsible for widespread misery and deny them access to the global financial system.”
The Treasury's statement went on saying" Sa’id al-Jamal, an Iran-based Houthi financial supporter, directs a network of front companies and vessels that smuggle Iranian fuel, petroleum products, and other commodities to customers throughout the Middle East, Africa, and Asia. A significant portion of the revenue generated from these sales is directed through a complex international network of intermediaries and exchange houses to the Houthis in Yemen".

The statement added " Sa’id al-Jamal is being designated pursuant to E.O. 13224, as amended, for having materially assisted, sponsored, or provided financial, material, or technological support for, or goods or services to or in support of, the IRGC-QF.

The statement cited the names of Hani ‘Abd-al-Majid Muhammad As’ad, a Turkey-based Yemeni accountant affiliated with the Houthis, Jami’ ‘Ali Muhammad, a Somali businessman and Houthi and IRGC-QF associate, has assisted Sa’id al-Jamal’s efforts to procure vessels, facilitate shipments of Iranian fuel, and transfer funds for the benefit of the Houthis, Turkey-based Syrian national Talib ‘Ali Husayn Al-Ahmad al-Rawi and Greece-based Syrian national Abdul Jalil Mallah have facilitated transactions worth millions of dollars to Swaid and Sons, a Yemen-based exchange house associated with the Houthis and Sa’id al-Jamal has used Swaid and Sons to send millions of dollars to IRGC-QF officials deployed in Yemen.

The US Secretary of State Antony Blinken said "It is time for the Huthis to accept a ceasefire and for all parties to resume political talks," Blinken said in a statement, adding "The United States will continue to apply pressure to the Huthis, including through targeted sanctions, to advance those goals".


Central Bank Governor: Next Phase Will Witness Significant Growth in Trade Between Yemen and Egypt
Yemen Offers Condolences to Saudi Arabia Over Victims of Aramco Helicopter Crash
President al-Alimi Receives Delegation from U.S. Oil Company Hunt
Prime Minister Chairs Meeting on Fiscal Reform Priorities with Finance Ministry Leadership
Minister of Environment Discusses Environmental and Climate Cooperation with Friedrich Ebert
Vice Foreign Minister, Ukrainian Ambassador Discuss Bilateral Cooperation
Yemen Denounces Iran's Repeated Missile and Drone Attacks on Kuwait and Bahrain
Yemen Expresses Concern over Military Escalation in Sudan's El Obeid
Human Rights Report Documents 761 Houthi Violations in Sana’a During 2025
Speakers of the Yemeni Parliament and Shura Council Participate in Conference of Arab Parliament in Cairo

About Saba News Agency | Usage Agreement | Contact Us