Houthis Loot $2 Billion in Yemeni Assets

Part of the symposium on Yemen held at King Saud University. (SPA)
Part of the symposium on Yemen held at King Saud University. (SPA)
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Houthis Loot $2 Billion in Yemeni Assets

Part of the symposium on Yemen held at King Saud University. (SPA)
Part of the symposium on Yemen held at King Saud University. (SPA)

Iranian-backed Houthi militias looted about $2 billion from the Yemeni people in the form of royalties, customs duties and taxes on humanitarian aid, charged Saudi Ambassador to Yemen Mohammed Al Jaber.

He disclosed that the militias have continuously been impeding the delivery of humanitarian and relief aid to Yemen and looting the Central bank.

He added that they have allowed Iran to smuggle different kinds of weapons and ballistic missiles in order to target Makkah, Riyadh and a number of Saudi cities.

Speaking at King Saud University during a symposium under the title of "Restoration of Hope... Security, Stability and Development in Yemen", the ambassador announced that forces to support legitimacy in Yemen are 70 kilometers away from the strategic Hodeidah port.

The symposium highlighted the great efforts exerted by Saudi Arabia in Operation Restoration of Hope and its relief and humanitarian initiatives and projects to bolster security, provide medical care and achieve social and economic development in Yemen.

“The Houthis have altered the humanitarian situation and the war for their benefit. They have doubled their income through the looting of $5 billion from the Central Bank and their refusal to pay employee salaries in all institutions in the country,” Jaber stated.

Moreover, he said that the delivery of humanitarian aid in Yemen takes place through 22 air, land and sea ports. Seventeen humanitarian corridors have also been secured.

He held the Houthi militias responsible for disrupting the arrival of humanitarian assistance to those in need, especially in areas under their control.

The Saudi diplomat stressed that the Saudi-led coalition to support the legitimacy of Yemen prioritizes maintaining the safety of Yemeni people and avoiding targeting residential areas.

"In 2018, the Arab Coalition, led by Saudi Arabia, announced the Yemen Comprehensive Humanitarian Operations," he added, asserting that this plan seeks to improve the humanitarian situation in the war-torn country.

Jaber said that the Kingdom's total assistance to Yemen has so far reached around $10.96 billion.

Saudi Ministry of Finance representative Fahd al-Otaiby disclosed that Saudi Arabia has provided $3 billion to the Central Bank in Yemen in cash deposits.

The Kingdom's total aid to developing countries since 1973 has reached around $152 billion, he revealed.



Syria to Start Currency Swap on January 1st, Central Bank Governor Says

Syrian pounds are pictured inside an exchange currency shop in Azaz, Syria February 3, 2020. Picture taken February 3, 2020. REUTERS/Khalil Ashawi/File Photo
Syrian pounds are pictured inside an exchange currency shop in Azaz, Syria February 3, 2020. Picture taken February 3, 2020. REUTERS/Khalil Ashawi/File Photo
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Syria to Start Currency Swap on January 1st, Central Bank Governor Says

Syrian pounds are pictured inside an exchange currency shop in Azaz, Syria February 3, 2020. Picture taken February 3, 2020. REUTERS/Khalil Ashawi/File Photo
Syrian pounds are pictured inside an exchange currency shop in Azaz, Syria February 3, 2020. Picture taken February 3, 2020. REUTERS/Khalil Ashawi/File Photo

Syria will start swapping old banknotes for new ones under a ​plan to replace Assad-era notes starting from January 1, 2026, Central Bank Governor Abdelkader Husrieh said on Thursday.

Husrieh announced the introduction of the new Syrian currency, saying the decree "sets January ‌1, 2026, ‌as the start date ‌for ⁠the ​exchange ‌process". Sources familiar with the matter told Reuters in August that the country will issue new banknotes, removing two zeros from its currency in an attempt to restore ⁠public confidence in the severely devalued pound.

The ‌step is intended ‍to strengthen ‍the Syrian pound after its purchasing ‍power collapsed to record lows following a 14-year conflict that ended with President Bashar al-Assad's ouster in December.

Husrieh ​said the operation will take place through a smooth and orderly ⁠swap - a move bankers hope will ease fears that the new currency could fuel inflation and further erode the purchasing power of Syrians already reeling from high prices.

He added that a press conference will soon outline the exact regulations and mechanisms.


Türkiye Begins Black Box Analysis of Jet Crash That Killed Libyan Military Chief and 7 Others

Libyan national flags fly at half-mast in Tripoli on December 24, 2025, after the head of Libya's armed forces and his four aides died in a plane crash in Türkiye. (AFP)
Libyan national flags fly at half-mast in Tripoli on December 24, 2025, after the head of Libya's armed forces and his four aides died in a plane crash in Türkiye. (AFP)
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Türkiye Begins Black Box Analysis of Jet Crash That Killed Libyan Military Chief and 7 Others

Libyan national flags fly at half-mast in Tripoli on December 24, 2025, after the head of Libya's armed forces and his four aides died in a plane crash in Türkiye. (AFP)
Libyan national flags fly at half-mast in Tripoli on December 24, 2025, after the head of Libya's armed forces and his four aides died in a plane crash in Türkiye. (AFP)

The technical analysis of the recovered black boxes from a jet crash that killed eight people, including western Libya’s military chief, began as the investigation proceeded in cooperation with Libyan authorities, the Turkish Ministry of Defense said Thursday.

The private jet with Gen. Muhammad Ali Ahmad al-Haddad, four other military officials and three crew members crashed on Tuesday after taking off from Türkiye’s capital, Ankara, killing everyone on board. Libyan officials said the cause of the crash was a technical malfunction on the plane.

The high-level Libyan delegation was on its way back to Tripoli after holding defense talks in Ankara aimed at boosting military cooperation between the two countries.

The wreckage was scattered across an area covering 3 square kilometers (more than a square mile), complicating recovery efforts, according to the Turkish Interior Minister Ali Yerlikaya.

A 22-person delegation, including five family members, arrived from Libya early on Wednesday to assist in the investigation.


Lebanese President: We are Determined to Hold Parliamentary Elections on Time

President Joseph Aoun between Prime Minister Nawaf Salam and Speaker Nabih Berri (Lebanese Presidency file photo)
President Joseph Aoun between Prime Minister Nawaf Salam and Speaker Nabih Berri (Lebanese Presidency file photo)
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Lebanese President: We are Determined to Hold Parliamentary Elections on Time

President Joseph Aoun between Prime Minister Nawaf Salam and Speaker Nabih Berri (Lebanese Presidency file photo)
President Joseph Aoun between Prime Minister Nawaf Salam and Speaker Nabih Berri (Lebanese Presidency file photo)

Lebanese President Joseph Aoun reiterated on Thursday that the country’s parliamentary elections are a constitutional obligation that must be carried out on time.

Lebanon’s state-run National News Agency quoted Aoun as saying that he, alongside Prime Minister Nawaf Salam and Parliament Speaker Nabih Berri, is determined to hold the elections on schedule.

Aoun also emphasized that diplomatic efforts have continued unabated to keep the specter of war at bay, noting that "things are heading in a positive direction".

The agency also cited Berri reaffirming that the elections will take place as planned, with "no delays, no extensions".

The Lebanese parliamentary elections are scheduled for May next year.