Houth seizure of Tadhamon assets threatens what remains of the banking business in Yemen: Minister

Masam Destroys 4,100 Explosive Devices in Bab Al-Mandab

The Yemen Mine Action Project "Masam" announced the destruction of 4,100 explosive devices, including landmines, unexploded ordnance, and war remnants, in Bab Al-Mandab area of Taiz governorate.

Bulgaria's Kozloduy Nuclear Plant Partners with 4 Universities to Train Future Staff

Kozloduy Nuclear Power Plant (NPP) - New Builds EAD signed framework agreements with four Bulgarian universities to collaborate on staffing future projects, attended by Energy Minister Zhecho Stankov and Education Minister Krasimir Valchev.

More than 1,500 flights canceled in U.S. amid ongoing government shutdown

Airlines canceled more than 1,500 flights in the United States today, Monday, for the fourth consecutive day, amid continued government flight reductions and the absence of air traffic control staff.

Croatia Qualifies for 2026 World Cup with Thrilling Win Over Faroe Islands

Croatia secured a spot in the 2026 World Cup in the United States, Mexico, and Canada after defeating the Faroe Islands 3-1.

Last Update: ، 2025/11/19 Time 08:55:19
Latest News:

Minister Al-Zaouri Discusses Enhanced Cooperation with UNHCR on Protection Initiatives

Ambassador Bahumayd Discusses Enhanced Cooperation with Malaysian Foreign Ministry Official

Health Minister Launches Workshop on Women's Development Strategy in Healthcare Sector

President al-Alimi praises Germany's support for Yemen

Minister of Water discusses with Japanese Ambassador coordination of positions in the “CITES” Convention ..

Houth seizure of Tadhamon assets threatens what remains of the banking business in Yemen: Minister

[30/06/2021 03:44]

RIYADH-SABA
Yemen's Information Minister said the Houthi militia's recent seizure of the assets of the private Islamic Tadhamon Bank threatens what remains of the banking business in Yemen.

Al-Eryani said the militia's move is an extension of their systematic crackdown on banking business, extortion of businessmen and ruining of the national currency.

"This move comes after six years of emptying the central bank office in Sana'a, the looting of the foreign cash reserves, extortion of commercial banks and general public's savings in banks," he said.

Al-Eryani said the terrorist militia follows a public starvation policy calling on the international community to intervene and stop these damages to the Yemeni economy and the life of the Yemeni people.