Yemeni FM: Houthi Immoral Aggression Continues

A Houthi boat in the Red Sea, where the group controls Hodeidah ports (EPA)
A Houthi boat in the Red Sea, where the group controls Hodeidah ports (EPA)
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Yemeni FM: Houthi Immoral Aggression Continues

A Houthi boat in the Red Sea, where the group controls Hodeidah ports (EPA)
A Houthi boat in the Red Sea, where the group controls Hodeidah ports (EPA)

Yemeni Foreign Minister Ahmed Awad bin Mubarak affirmed on Thursday that the Houthi aggression in Yemen continues "using immoral methods," accusing the group of thwarting peace efforts.

Bin Mubarak referred to the economic war the group was waging by targeting financial capabilities, facilities, and oil tankers with Iranian drones, which halted oil exports.

The Yemeni government seeks diplomatic support for its legitimate position.

Speaking to diplomats at the Hungarian Academy on the sidelines of his visit to Budapest, the Yemeni minister said that the ongoing conflict in Yemen runs between a group represented by a legitimate government seeking to preserve their freedom and basic rights and liberate their land and an aggressive sectarian Iran-backed militia seeking to establish a repressive, tyrannical regime.

Saba reported that bin Mubarak met Arab ambassadors and discussed with them the recent political developments in his country and the negative attitude of the Houthi militia towards efforts to achieve peace.

Official media reported that bin Mubarak touched on Iranian interference in Yemen affairs, Tehran's establishment of sectarian militias, and its attempts to replace sects with states and militias instead of armies to achieve its expansionist ambitions.

He indicated that the group is pressuring businessmen in areas under its control to stop importing through Aden Port.

They want to prevent the distribution of subsidized gas extracted from Maerib in areas still under militia control and replace it with Iranian gas, to be sold for Houthis' benefit.

The FM discussed the negative and non-constructive position of the Houthi militia towards the peace process, accusing it of thwarting efforts aimed at stopping the war and ending its disastrous humanitarian repercussions.

- Economic decline

Meanwhile, the Yemeni government suffers from severe economic conditions due to the cessation of oil exports because of Houthi attacks, amid fears of a resumption of battles.

The Minister of Planning and International Cooperation, Waed Bathib, said before The UN High-Level Political Forum in New York City that the crisis is worsening in Yemen.

He explained that 60 percent of the population suffers from food insecurity and 80 percent needs humanitarian assistance, adding that about 4.3 million people have been displaced.

Bathib pointed to the high external indebtedness in his country and the economy's contraction by more than 50 percent of the GDP, pointing to the decline in public revenues, the rise in poverty to about 80 percent, and the worsening financial situation as a result of the Houthi militia's targeting of oil export ports by drones.

Furthermore, the head of the Presidential Leadership Council, Rashad al-Alimi, confirmed that progress had yet to be made to renew the truce and launch peace talks, despite the UN, international, and regional efforts.

Alimi accused Houthis of seeking to perpetuate chaos and starve Yemenis in all regions.

The Houthis have threatened to attack oil export ports and target cargo ships if the legitimate government resumes exports.

The militias rejected international and regional proposals to renew and expand the truce and agree on coordinated steps to pay the salaries of public employees.



Sisi: Electricity Interconnection Projects with Saudi Arabia a Model for Regional Cooperation

Sisi met with Prime Minister Mostafa Madbouly, Minister of Electricity and Renewable Energy Mahmoud Esmat, and Minister of Petroleum and Mineral Resources Karim Badawy. (Egyptian Presidency)
Sisi met with Prime Minister Mostafa Madbouly, Minister of Electricity and Renewable Energy Mahmoud Esmat, and Minister of Petroleum and Mineral Resources Karim Badawy. (Egyptian Presidency)
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Sisi: Electricity Interconnection Projects with Saudi Arabia a Model for Regional Cooperation

Sisi met with Prime Minister Mostafa Madbouly, Minister of Electricity and Renewable Energy Mahmoud Esmat, and Minister of Petroleum and Mineral Resources Karim Badawy. (Egyptian Presidency)
Sisi met with Prime Minister Mostafa Madbouly, Minister of Electricity and Renewable Energy Mahmoud Esmat, and Minister of Petroleum and Mineral Resources Karim Badawy. (Egyptian Presidency)

Egyptian President Abdel Fattah al-Sisi affirmed that the electrical interconnection project with Saudi Arabia represents a model of regional energy cooperation and a benchmark for future similar ventures in electrical connectivity, directing close monitoring of all project details.
Sisi made these remarks during a meeting with Prime Minister Mostafa Madbouly, Minister of Electricity and Renewable Energy Mahmoud Esmat, and Minister of Petroleum and Mineral Resources Karim Badawy.
According to a statement by the Egyptian presidency on Sunday, the discussion reviewed the status of electrical interconnection projects between Egypt and Saudi Arabia, emphasizing their importance in enhancing grid efficiency and stability while optimizing the use of generation capacity during peak demand periods.
Cairo and Riyadh signed an agreement in 2012 to establish the electrical interconnection project at a cost of $1.8 billion, with Egypt contributing $600 million (1 USD = 49.65 EGP in local banks). In a government meeting in mid-October, Madbouly announced that the interconnection line is expected to become operational in May or June of next year, with an initial capacity of 1,500 megawatts.
This initiative is the first of its kind to enable high-voltage direct current (HVDC) power exchange in the Middle East and North Africa region. It connects Badr City in Egypt to Medina via Tabuk in Saudi Arabia. Late last month, Madbouly highlighted that the project, set to produce 3,000 megawatts in two phases, is a landmark achievement for Egypt’s energy sector.
Presidential spokesperson Mohamed al-Shenawy stated that the meeting also highlighted the progress on the Dabaa Nuclear Power Plant. The project is seen as vital to Egypt’s comprehensive development strategy, which aims to diversify energy sources through renewable and alternative means, improving service delivery to citizens.
Located in northern Egypt, the Dabaa plant will consist of four nuclear reactors with a combined capacity of 4,800 megawatts (1,200 megawatts per reactor). The first reactor is expected to be operational by 2028, with the others coming online sequentially. The Egyptian government has pledged to fulfill its commitments to ensure the project meets its scheduled timeline.
The president also directed the government to intensify efforts to attract investments in the energy sector, develop the management of the national gas grid, and ensure stable energy supplies for both electricity and industrial sectors. Furthermore, he urged rapid progress on renewable energy projects to diversify energy sources, expand grid capacity, and modernize the network using advanced technologies to enhance efficiency and reduce losses.