Economic Committee: Houthi rebels' practices drive national economy into overall collapse

President Al-Alimi Praises Armed Forces Readiness and Heroic Resilience

His Excellency President Dr. Rashad Mohammed Al-Alimi, Chairman of the Presidential Leadership Council and Supreme Commander of the Armed Forces, held phone calls with Minister of Defense Taher al-Aqili and Chief of the General Staff Sagheer bin Aziz to assess the combat readiness of the armed forces and extend his congratulations to military personnel across all fronts on the occasion of Eid al-Fitr.

Arab League Calls for Confronting Rising Anti-Muslim Hate

The Arab League on Sunday called for intensified international efforts to confront the growing phenomenon of hate speech and discrimination against Muslims in order to prevent deeper divisions among religions and cultures.

Italian Industrial production falls 0.6 percent

Industrial production in Italy experienced an unexpected decline of 0.6 percent in January compared to December, according to seasonally and calendar-adjusted figures.

Saudi League: Al-Nassr, Al-Ettifaq and Neom Secure Victories Over Al-Ittihad, Damac and Al-Riyadh

Al-Nassr defeated its guest Al-Ittihad 2–0 in the match that brought them together at Al-Awwal Park Stadium in Riyadh, as part of the 21st round of the Saudi Professional League.

Last Update: ، 2026/03/21 Time 01:03:33
Latest News:

President al-Alimi congratulated Tunisian President on Independence Anniversary

Interior Minister inspects checkpoints in Aden on Eid day

President al-Alimi congratulates former presidents on Eid al-Fitr

President al-Alimi: Signs of victory clearly seen, partnership with SAK safe haven for entire region

Yemen Condemns Iranian Attacks Targeting Energy Facilities in Saudi Arabia and GCC States

Economic Committee: Houthi rebels' practices drive national economy into overall collapse

[28/05/2019 10:20]

ADEN-SABA
The Economic Committee charged managing economic hardships said Houthi militias are insisting on exploiting economic and fiscal situations in the militia controlled regions to get involved in currency speculations in the market causing national currency slide.

The committee added in statement seen by the Yemeni News Agency (Saba) saying" The militia is insisting on driving national economy into total collapse, exercising blackmailing on financial institutions under weapons intimidation to justify its actions, serves its own interests; employing national currency collapse to achieve gain politically by capitalizing on the peoples' suffering, blaming the government and Arab Coalition for the deteriorated humanitarian situation".

The committee reaffirmed that the Central Bank of Yemen (CBY) has continued to do its job, securing foreign currency to import basic commodities of food and fuels for all traders in line with the stated regulations and conditions.

The committee called on the International Community (IC) and UN to sense their responsibility, get the militia refrain from exploiting the humanitarian crisis to gain politically.