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

Al-Aradah Discusses Developments in Yemen with British Ambassador

Member of the Presidential Leadership Council Major General Sultan al-Aradah met monday with the United Kingdom’s Ambassador to Yemen Abda Sharif.

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).

S. Korea's ITC exports rise 12.4 percent in 2025

South Korea's exports in the information and communication technology (ICT) industry rose 12.4 percent to a record high in 2025, due to strong demand from the artificial intelligence industry.

Morocco and Senegal qualify for the semi-finals of the Africa Cup of Nations

The Moroccan national team qualified for the semi-finals of the Africa Cup of Nations after defeating Cameroon 2-0 in their match at Prince Moulay Abdellah Stadium in the Moroccan capital, Rabat.

Last Update: ، 2026/01/20 Time 05:26:34
Latest News:

President al-Alimi Condoles King of Spain Over Victims of Train Collision

PLC Member al-Khanbashi Stresses Pursuing Perpetrators of Violations in Hadramout, Providing Justice ..

Vice Foreign Minister, Egyptian Ambassador Discuss Bilateral Relations and Cooperation

Health Ministry Undersecretary, WHO Discuss Strengthening Health Partnership

Minister of State, Aden Governor Directs Reopening of Central Organization for Control and Auditing Office

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.