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

Emergency Relief Convoy from KSrelief Arrives in Marib

An emergency relief convoy provided by the King Salman Humanitarian Aid and Relief Center (KSrelief) arrived in Marib Governorate on Sunday, as part of efforts to address the growing humanitarian needs of displaced families in the governorate.

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).

Japan's LNG imports down 1.4 percent

Japan's liquefied natural gas (LNG) imports fell 1.4 percent to 64.98 million tons last year 2025, compared to 2024. according to provisional data released by the Japanese Ministry of Finance today, Thursday.

Paris Saint-Germain temporarily tops the French league after their win against Auxerre

Paris Saint-Germain defeated Auxerre 1-0 in their Ligue 1 match on Matchday 19.

Last Update: ، 2026/01/25 Time 09:35:22
Latest News:

Prime Minister receives Italian Ambassador

Presidential Leadership Council Member al-Subaihi confers with U.S. Ambassador over partnership in fighting ..

President al-Alimi Congratulates on Australia National Day

Arab Parliament reiterates its support for Yemen's unity, sovereignty, territorial integrity

First Batch of Petroleum Derivatives Grant to Socotra Governorate Arrived

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.