Saudi Arabia, UAE, US, UK condemn Houthi’s 'illegal interference' in Yemen’s banks

A Yemeni money exchange employee counts local currency at an exchange office in Sanaa. (AFP file photo)
Updated 13 February 2019

Saudi Arabia, UAE, US, UK condemn Houthi’s 'illegal interference' in Yemen’s banks

  • The Economic Quartet Committee on Yemen met in Riyadh to discuss Yemen's economic challenges
  • The quartet also called for the stabilizing of the Yemeni Riyal

JEDDAH: The US, Saudi Arabia, UAE and the UK issued have strongly condemned the Houthi’s “illegal interference” in Yemen’s banks.

The Economic Quartet Committee on Yemen met in Riyadh on Tuesday to discuss the challenges facing the central bank and the broader economic and humanitarian situation.

“In light of recent reports of illegal interference in the operations of a number of local banks in Sana'a and the arrests of banking staff, the four nations strongly condemn these and other illegal acts carried out by the Houthis that pose a threat to civilians and the economy of Yemen,’ the quartet’s ambassadors said in a joint statement. 

“The four nations firmly request lifting the imposed regulations on the local banks in Sanaa, which impede commercial imports and desperately needed humanitarian assistance.”

The quartet also called for the stabilizing of the Yemeni Riyal and strengthening Yemen's economy by “consolidating revenues, paying all public salaries, and continuing to strengthen the Central Bank of Yemen.”

Since the Iran-backed Houthis seized Sanaa in 2014, sparking the war, they have been accused of squandering state funds and mismanaging finances in the areas they control. 

The internationally recognized government moved the central bank to Aden in 2016, accusing the Houthis of losing $4 billion of bank reserves on the conflict.

Mohammed bin Saeed Al-Jaber, the Saudi ambassador to Yemen who chaired Tuesday’s meeting, said the central bank and the country’s battered economy will benefit from a stimulus package.

The meeting was held at the headquarters of the Saudi Program for the Development and Reconstruction of Yemen on Monday.

The UAE and Saudi Arabia, both members of the military coalition fighting the Houthis in Yemen, and the UK and US are expected to discuss Yemen and a ceasefire deal in Hodeidah at the Middle East summit in Warsaw that starts on Wednesday.


Saudi Arabia repatriation flights from US cities, Beirut bring home nationals

Updated 05 June 2020

Saudi Arabia repatriation flights from US cities, Beirut bring home nationals

  • Flights from Washington and Houston arrived at King Khalid International Airport in Riyadh

DUBAI: Four more repatriation flights arrived in Saudi Arabia as part of the Kingdom’s efforts to bring back stranded citizens from coronavirus hotspots, state news agency SPA reported.
Flights from Washington and Houston arrived at King Khalid International Airport in Riyadh while another two landed in King Abdulaziz International Airport in Jeddah, bringing Saudi nationals from New York and Beirut.
All precautionary measures to contain the coronavirus spread were taken to ensure the safety of passengers, who would also be in isolation for 14 days.