Yemen PM returns to Aden amid protests, plunging currency

Yemen PM returns to Aden amid protests, plunging currency
People demonstrate against the deteriorating economic situation and the devaluation of the local currency, in Taiz, Yemen September 27, 2021. (Reuters)
Short Url
Updated 28 September 2021

Yemen PM returns to Aden amid protests, plunging currency

Yemen PM returns to Aden amid protests, plunging currency
  • Maeen Abdul Malik Saeed is back in the interim capital of Yemen to revive hopes of full implementation of the Riyadh Agreement
  • Dozens of Yemeni government troops and Houthis were killed over the past 24 hours as fighting rages in the provinces of Jouf and Marib

AL-MUKALLA: As Yemen’s prime minister touched down on Tuesday in the port city of Aden for the first time in months, thousands of Yemenis took to the streets of the southern city of Taiz and many other cities to protest against the country’s plunging currency and skyrocketing prices. 

Maeen Abdul Malik Saeed returned to Aden, the interim capital of Yemen, to revive hopes of quick and full implementation of the Riyadh Agreement and address the financial meltdown that has paralyzed the country. 

The prime minister and his cabinet left Aden in March after separatist protesters stormed the presidential palace.

For the second consecutive day, demonstrators marched around the densely populated Taiz carrying loaves of bread and posters. They demanded the government pay salaries and address the devaluation of the Yemeni riyal along with increasing prices of fuel and food. 

“I am hungry,” one protester shouted as security forces and armed vehicles were deployed outside key government facilities. Some protesters blocked roads and torched car tires. 

On Monday, at least five protesters were wounded when security forces fired live bullets to prevent protesters from blocking roads and disrupting traffic. 

The security committee in the city said it was safeguarding peaceful protests and warned against attacking private and public property. 

On Sept. 15, two protesters were killed during violent demonstrations over the economic meltdown and intensifying power cuts in Aden and Al-Mukalla. The protesters clashed with security forces, burnt garbage and tires, and stormed public facilities. 

The Yemeni riyal this week hit a record low against the dollar, trading at 1,200. The US dollar traded at 215 riyals in January 2015. 

In August, tough punitive measures by the Aden-based central bank against several currency-exchange firms that violated monetary rules helped the riyal recover by 10 percent, surging from 1,050 to 950. 

But the Yemeni riyal tumbled in the following weeks — breaking the historic 1,200 against the US dollar for the first time — as many firms have closed and banks in Houthi-controlled areas are being asked to relocate their operations to Aden.

On Tuesday, the central bank monitors inspected local exchange firms and shops, looking for violators of the bank’s rules. The banks also announced that the Bank of England had agreed to unfreeze its account, giving it access to millions of dollars.

At the same time, economists have warned that the deepening financial meltdown would exacerbate the already dire humanitarian crisis in Yemen and would fuel violence.  

Waled Al-Attas, an assistant professor of finance and banking sciences at Hadramout University, criticized the Yemeni government’s silence and late solutions to the continuing depreciation of the Yemeni riyal. 

“The state has given up doing the simplest things for the citizens and left them in the lurch,” he told Arab News. “This situation spells a real catastrophe as the plunging of the riyal continues and prices are going up. Salaries lost their values.”

During a brief visit to the southern city of Shabwa on Monday, the Yemeni premier attributed the fall of the riyal and the financial crisis in the country to the parallel Houthi economy and the movement’s military operations along with speculative activities by currency traders. 

“The economic situation is very difficult,” he said. 

Meanwhile, fighting has raged between Yemeni government troops and the Houthis over the past 24 hours in the province of Jouf and the central province of Marib. Dozens of combatants on both sides were killed.

The fiercest clashes on Tuesday were reported in Hareb district, south Marib province, where government troops, backed by air support from the Arab coalition warplanes, thwarted consecutive Houthi attacks. 

The rebels have recently opened new fronts south of Marib city after their forces failed to make major headway in their push west of Marib. In the Jouf province, government troops announced liberating a number of locations, east of Hazem city, the province’s capital.


US urges Iran to show ‘good faith’ in talks resumption

US urges Iran to show ‘good faith’ in talks resumption
Updated 17 sec ago

US urges Iran to show ‘good faith’ in talks resumption

US urges Iran to show ‘good faith’ in talks resumption
WASHINGTON: The United States on Wednesday urged Iran to show “good faith” and quickly revive a nuclear deal after the clerical state indicated it would return to negotiations in Vienna next month.
“This window will not remain open forever as Iran continues to take provocative nuclear steps, so we hope that they come to Vienna to negotiate quickly and in good faith,” a State Department spokesperson said.

Arab coalition says 105 rebels killed in latest Yemen strikes

Arab coalition says 105 rebels killed in latest Yemen strikes
Updated 31 min 44 sec ago

Arab coalition says 105 rebels killed in latest Yemen strikes

Arab coalition says 105 rebels killed in latest Yemen strikes
  • EU delegation in Aden to support government, implementation of Riyadh Agreement
  • Coalition has claimed the deaths of 2,000 Houthis around Marib in strikes it has reported since Oct. 11

AL-MUKALLA: The Arab coalition said on Wednesday it killed 105 Houthi rebels in airstrikes around Yemen’s strategic city of Marib.

The coalition, supporting the internationally recognized government, has claimed the deaths of 2,000 Houthis around Marib in strikes it has reported almost daily since Oct. 11.

“Thirteen military vehicles were destroyed and 105” insurgents were killed in strikes in the past 24 hours, the coalition said, according to the Saudi Press Agency.

The latest bombing was carried out in Al-Jawba, about 50 km south of Marib, and Al-Kassara, 30 km to the northwest.

Marib, capital of the oil-rich province of the same name, is the internationally recognized government’s last bastion in northern Yemen.

The UN Security Council last week called for “de-escalation” in Yemen, in a unanimously adopted statement to counter “the growing risk of large-scale famine” in the country.

Meanwhile, a group of EU diplomats visiting the port city of Aden, the interim capital of Yemen, has expressed support for the internationally recognized government of Yemen, hailed its return to Aden, and called upon the country’s political forces to accelerate the full implementation of the Saudi-brokered Riyadh Agreement. 

The EU delegation also urged the Iran-backed Houthis to end their deadly offensive in the central province of Marib and engage with peace efforts to end the war in Yemen.

The delegation includes the deputy head of the EU mission in Yemen, Marion Lalisse, French Ambassador Jean-Marie Safa, German Ambassador Hubert Jaeger, Dutch Ambassador Peter-Derrek Hof, and Swedish Envoy for Yemen Peter Semneby. 

“The EU ambassadors welcome the return of the Yemen government to Aden, express full support for the government and call for the full implementation of the Riyadh agreement,” the mission said in a statement.

The EU delegation touched down in Aden airport on Tuesday and then headed to the presidential palace for a meeting with Yemen’s Prime Minister Maeen Abdul Saeed. 

The official news agency SABA reported that the prime minister told the EU envoys that the Houthis are spoiling efforts to end the war by aggressively attacking internally displaced people in Marib and civilian targets in Saudi Arabia. 

He called for the Houthis and their supporters in Iran to be punished for undermining peace and security in Yemen. 

“The terrorist behavior of the Houthis, their war crimes against civilians and IDPs in Marib, and the attack on civilian properties in Saudi Arabia test the international community,” Saeed said. 

“Peace process should be based on effective pressure and sanctions on the Houthis and their sponsors in Tehran,” the premier said, urging international donors to expand their assistance to Yemen to include supporting the country’s exacerbating economic meltdown. 

Yemen’s Foreign Minister Ahmed Awadh bin Mubarak, who also met the delegation, said that the Europeans discussed offering assistance to the economy and to help alleviate the humanitarian crisis. 

“There is great European interest in discussing ways to support the Yemeni government, especially in the economic field,” Bin Mubarak said. 

The Dutch ambassador to Yemen said they held an “excellent” meeting with the government and discussed ways to help address the devaluation of the riyal, fight corruption and tackle other economic challenges. 

“Excellent meeting today with @Yemen_PM in Aden, expressing EU support for the Government of Yemen and discussing the economic challenges including the exchange rate, inflation, boosting revenues, the needed government reforms and the fight against corruption,” Peter Derrek Hof said on Twitter.

During a meeting with the EU delegation on Wednesday, Aden Gov. Ahmed Hamid Lamlis thanked the Europeans for visiting Aden, stressing that the visit carries a message that the city is safe and ready to receive international delegations. 

The Europeans also discussed the implementation of the Riyadh Agreement and supporting the government to smoothly resume its duties in Aden with the leader of the pro-independence Southern Transitional Council Aidarous Al-Zubaidi.

Yemeni officials and experts believe that the EU mission visit to Aden would spur the implementation of the Riyadh Agreement, help the government function effectively in Aden and convince many international diplomats to visit the city. 

“This is an indication that Aden is safe. The presence of the Europeans in Aden mounts pressure on parties to put into place the Riyadh Agreement and end hostilities in the city,” Najeeb Ghallab, undersecretary at Yemen’s Information Ministry and a political analyst, told Arab News.


Israel advances plans for more than 3,000 settler homes

Israel advances plans for more than 3,000 settler homes
Updated 27 October 2021

Israel advances plans for more than 3,000 settler homes

Israel advances plans for more than 3,000 settler homes
  • The Civil Administration’s high planning committee gave the final green light to 1,800 homes and initial approval for another 1,344
  • About 475,000 Israeli Jews live in settlements in the West Bank, which are considered illegal under international law

JERUSALEM: Israel advanced plans for building more than 3,000 settler homes in the occupied West Bank on Wednesday, a military spokesman said, a day after the US forcefully criticized such construction.
The Civil Administration’s high planning committee gave the final green light to 1,800 homes and initial approval for another 1,344, a spokesman for the military body that oversees civilian matters in the Palestinian territories told AFP.
The approvals came a day after the United States criticized Israel for its policy of building settlements, with President Joe Biden’s administration saying it “strongly” opposed new construction on the West Bank.
His administration’s position on the matter stands in stark contrast to that of his predecessor Donald Trump, whose presidency saw the US offer a green light to Israel’s activity on occupied Palestinian land.
The homes approved on Wednesday were spread across the West Bank, from the suburbs of Jerusalem to new neighborhoods of settlements deep inside the territory.
Israel’s housing ministry had separately on Sunday published tenders to build 1,355 new homes in the West Bank.
About 475,000 Israeli Jews live in settlements in the West Bank, which are considered illegal under international law, on land Palestinians claim as part of their future state.
Israeli settlement expansion in the West Bank and annexed east Jerusalem has continued under every Israeli government since 1967.


World Bank suspends aid to Sudan after military coup

World Bank suspends aid to Sudan after military coup
Updated 27 October 2021

World Bank suspends aid to Sudan after military coup

World Bank suspends aid to Sudan after military coup
  • It is the latest blow to the impoverished African nation
  • The military on Monday seized Prime Minister Abdalla Hamdok and briefly detained him in a coup

WASHINGTON: The World Bank said Wednesday it has suspended aid to Sudan following the military takeover that deposed the prime minister.
“I am greatly concerned by recent events in Sudan, and I fear the dramatic impact this can have on the country’s social and economic recovery and development,” World Bank President David Malpass said in a statement.
It was the latest blow to the impoverished African nation that had just won its way back into good standing with major Washington-based development lenders after years in the wilderness.
The military on Monday seized Prime Minister Abdalla Hamdok and briefly detained him in the coup that came just over two years into a precarious power-sharing arrangement between the military and civilians after the army ousted longtime autocrat Omar Al-Bashir in April 2019.
The World Bank “paused disbursements in all of its operations in Sudan on Monday and it has stopped processing any new operations as we closely monitor and assess the situation,” Malpass said.
The United States also suspended aid to the country.
“We hope that peace and the integrity of the transition process will be restored, so that Sudan can restart its path of economic development and can take its rightful place in the international financial community,” Malpass said.
Sudan had been emerging from decades of stringent US sanctions after Washington removed the country from its state sponsor of terrorism blacklist in December 2020, eliminating a major hurdle to much-needed aid and financial investment.
The World Bank and IMF in June granted Sudan debt relief under the Heavily Indebted Poor Countries Initiative, cutting the nation’s debt in half to about $28 billion, and the institutions have offered additional help if economic reforms continue.


UAE coronavirus cases below 100 for seventh day

UAE coronavirus cases below 100 for seventh day
Updated 27 October 2021

UAE coronavirus cases below 100 for seventh day

UAE coronavirus cases below 100 for seventh day
  • The Ministry of Health said the country conducted 295,380 tests in the past 24 hours
  • The country’s total caseload of recorded infections since the pandemic started now stands at 739,566

DUBAI: Daily coronavirus cases in the UAE were below 100 for the seventh straight day, with 95 new COVID-19 infections reported by health authorities.
The Ministry of Health said the country conducted 295,380 tests in the past 24 hours, state news agency WAM reported. It further reported one death and 136 recoveries.
The country’s total caseload of recorded infections since the pandemic started now stands at 739,566, with 2,135 deaths and 733,640 recoveries.
Coronavirus cases in the UAE have been falling in recent weeks with a total number of COVID-19 vaccination doses reaching 20,999,143.