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)
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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.


Beirut blast probe judge cleared to continue investigation

Beirut blast probe judge cleared to continue investigation
Updated 6 sec ago

Beirut blast probe judge cleared to continue investigation

Beirut blast probe judge cleared to continue investigation
  • A Beirut court rejected the last of the suits preventing Tarek Bitar from questioning top officials
BEIRUT: The probe into last year’s deadly Beirut port blast has been cleared to resume after being suspended for more than a month on legal claims against its lead investigator, judge Tarek Bitar, a judicial source said.
A Beirut court rejected the last of the suits preventing Bitar from questioning top officials on Tuesday.
“They have reversed the decision that had led to the suspension of the probe and he can now resume his work for sure,” Nizar Saghieh, head of the Legal Agenda, a research and advocacy organization, told Reuters.
The resumption could be temporary should further legal complaints be filed, he said.
The investigation into the Aug. 4, 2020, blast that killed more than 215 people, injured thousands and destroyed large swathes of the city has made little headway amid pushback from powerful factions, some of whom lead smear campaigns and filed multiple suits against Bitar.
The leader of the Iranian-backed, armed Shiite Muslim political movement Hezbollah has repeatedly said he wanted Bitar removed from the case and the row over him has spilled over into government, with Prime Minister Najib Mikati’s cabinet unable to meet since Oct. 12.
Many Lebanese are angry that more than one year on from the blast no senior official has been held accountable for the country’s worst peace-time disaster as it slips into political and economic meltdown.
Bitar has sought to question senior politicians, including former ministers and members of parliament, since July but nearly all have spurned him.
He is the second judge to take charge of the investigation after a legal complaint against the partiality of his predecessor Fady Sawan saw him removed in February.

Motorcycle explosion in southern Iraqi city kills at least 4

Motorcycle explosion in southern Iraqi city kills at least 4
Updated 07 December 2021

Motorcycle explosion in southern Iraqi city kills at least 4

Motorcycle explosion in southern Iraqi city kills at least 4

BASRA: At least four people were killed and 20 wounded in an explosion in Iraq's southern city of Basra, police and hospital sources told Reuters on Tuesday.
Police are still investigating the cause of the blast, which took place in the city centre, near a main hospital. The explosion set fire to at least one vehicle and damaged a minibus.
One police source said that an initial investigation showed that a motorcycle rigged with explosives could have been the cause of the blast. 


UAE government switches weekend to Saturday-Sunday starting 2022

UAE government switches weekend to Saturday-Sunday starting 2022
Updated 07 December 2021

UAE government switches weekend to Saturday-Sunday starting 2022

UAE government switches weekend to Saturday-Sunday starting 2022
  • The decision is aimed at boosting productivity and improving work-life balance, WAM reported

DUBAI: The UAE government will transition to a four-and-a-half-day working week, with Friday afternoon, Saturday and Sunday forming the new weekend starting Jan. 1, 2022 for all federal departments, state news agency WAM reported. 
The new system will be applied in all federal government entities with working hours from 7:30 a.m. till 3:30 p.m., it added.
Working hours on Fridays will start at 7:30 a.m. and end at 12 noon, with the possibility of flexible working hours or work from home options during those days. Friday sermons and prayers will be after 1:15 p.m. all year long in the UAE. 
The decision is aimed at boosting productivity and improving work-life balance, WAM reported.


UAE’s new 50-dirham banknote features Sheikh Zayed

UAE’s new 50-dirham banknote features Sheikh Zayed
Updated 07 December 2021

UAE’s new 50-dirham banknote features Sheikh Zayed

UAE’s new 50-dirham banknote features Sheikh Zayed
  • It is the first polymer banknote to be circulated in the country
  • The current 50- dirham note will continue to be used

DUBAI: UAE rulers witnessed the launch of a new 50-dirham banknote on Tuesday, in celebration of the country’s 50th National Day. 
The initiative comes in honor of the UAE’s founding father, the late Sheikh Zayed bin Sultan Al-Nahyan, and the country’s first generation of rulers to commemorate their dedication and historical role in uniting the country.
It is the first polymer banknote to be circulated in the country.
“We see in this issuance the new phase that UAE will enter, and a renewed pledge to continue its growth path. The occasion also allowed us to express our appreciation and gratitude to our founding fathers by issuing a new AED50 banknote to celebrate the fiftieth anniversary of the establishment of the UAE,” said Sheikh Mansour bin Zayed Al-Nahyan, Deputy Prime Minister and Chairman of the Board of Directors of the Central Bank of the UAE. 
The front of the new banknote features a portrait of the late Sheikh Zayed on the right, and the memorial picture of the founding fathers after signing the union document. 
Meanwhile, the back side includes a picture of the late Sheikh Zayed signing the union agreement as well as illustration of the Etihad Museum, which witnessed the establishment of the union and the raising of the UAE flag for the first time.
According to state news agency WAM, the new banknote will be available in Central Bank branches and ATMs ‘in the near future’.
The current 50- dirham note will continue to be used.
Polymer banknotes are said to be more durable and sustainable than traditional cotton paper banknotes, lasting two or more times longer in circulation. They can also be completely recycled, thus reducing their environmental footprint.


Syria says fires extinguished at Latakia’s port following Israeli ‘aggression’

 Israeli Air Force F-35 fighter jets fly over the Mediterranean Sea. (REUTERS file photo)
Israeli Air Force F-35 fighter jets fly over the Mediterranean Sea. (REUTERS file photo)
Updated 07 December 2021

Syria says fires extinguished at Latakia’s port following Israeli ‘aggression’

 Israeli Air Force F-35 fighter jets fly over the Mediterranean Sea. (REUTERS file photo)
  • Israel has mounted frequent attacks against what it has described as Iranian targets in Syria

CAIRO: Fires caused by an Israeli “aggression” at Syria’s Latakia port on Tuesday had been extinguished, leaving material damage, but the status of any casualties was unclear, Syria’s state media reported.

Five explosions rocked the port city after an Israeli “aggression” hit the port’s container yard, sending fire trucks racing to the site, Syrian state TV said.

Israel has mounted frequent attacks against what it has described as Iranian targets in Syria, where Tehran-backed forces including Lebanon’s Hezbollah have deployed over the last decade to support President Bashar Assad.

The Mediterranean port of Latakia is the country’s main port, through which food and other crucial supplies flow into war-torn Syria, and is close to Russia’s main air base of Hmeimim.