Yemen’s PLC Establishes ‘Crisis Cell,’ Stresses End to Banking Distortions

The Yemeni Presidential Leadership Council meets in Riyadh with Prime Minister Maeen Abdulmalik (Saba News Agency)
The Yemeni Presidential Leadership Council meets in Riyadh with Prime Minister Maeen Abdulmalik (Saba News Agency)
TT

Yemen’s PLC Establishes ‘Crisis Cell,’ Stresses End to Banking Distortions

The Yemeni Presidential Leadership Council meets in Riyadh with Prime Minister Maeen Abdulmalik (Saba News Agency)
The Yemeni Presidential Leadership Council meets in Riyadh with Prime Minister Maeen Abdulmalik (Saba News Agency)

Yemen’s Presidential Leadership Council (PLC) has ordered the formation of a “crisis cell” headed by Prime Minister Maeen Abdulmalik to follow up on economic developments. The PLC also stressed the need to end monetary distortions in the banking market.

Houthi militias, on the other hand, continue to reject proposals to renew and expand the truce.

Instead of agreeing to pay the salaries of civil servants, Houthi leaders are threatening to repeat attacks on oil export ports in government-run areas and restarting battles towards southern governorates.

According to Yemeni sources, PLC head Rashad al-Alimi held a meeting for the ruling council in Riyadh.

All members of the PLC contributed to the discussions. While Sultan al-Errada, Abdurrahman al-Mahrami, Abdullah al-Alimi, and Othman Mujalli were present in person, Aidarous Azaibaid, Tariq Saleh and Faraj al-Bahssani contributed to the meeting via video conference.

“The meeting discussed humanitarian and economic conditions. It also tackled policies required to face the current challenges, including government measures limiting the catastrophic repercussions of the Houthi terrorist attacks on oil facilities and global freedom of trade,” Saba News Agency reported.

“The prime minister provided a detailed report about the latest developments in the national arena and the government's ongoing efforts to handle the economic, services, military and security issues.”

Moreover, Abdulmalik briefed the PLC on policies aimed at maintaining economic, monetary, service and commodity stability, and maintaining the public budget deficit at safe levels, in a way that prevents any side effects on vulnerable social groups.

The PLC, for its part, stressed the importance of “ending monetary distortions in exchange rates, including stopping speculation, depleting reserves of hard currencies, and controlling the value of the national currency, which has achieved relative stability during the last period.”

Also, the PLC “affirmed its support for government policies and moving forward with the implementation of the National Defense Council’s decision to classify the Houthi militia as a terrorist organization.”

The PLC said it will take all measures necessary to dry up funding sources for Houthis, secure national facilities and deter any criminal threats to the interests of citizens.



Trump Victory Fuels Fears of Netanyahu’s Increased Freedom in Lebanon

Smoke rises from Beirut’s southern suburbs following Israeli attacks. (AFP)
Smoke rises from Beirut’s southern suburbs following Israeli attacks. (AFP)
TT

Trump Victory Fuels Fears of Netanyahu’s Increased Freedom in Lebanon

Smoke rises from Beirut’s southern suburbs following Israeli attacks. (AFP)
Smoke rises from Beirut’s southern suburbs following Israeli attacks. (AFP)

Lebanese are watching closely after Donald Trump’s election as US president, hoping his policies might bring solutions to regional crises and possibly halt wars in Ukraine and the Middle East.

Observers caution, however, that change won’t be immediate or at Israel’s expense; instead, they expect Israel could have more military leeway before peace efforts begin.

Trump didn’t outline his plans to end conflicts during his victory speech, only briefly mentioning the issue.

Fares Soeid, a former Lebanese MP, called Trump’s win a potential global turning point, particularly in conflict zones like Ukraine and the Middle East. Soeid believes Trump’s support for Israeli Prime Minister Benjamin Netanyahu and Israel’s far-right may intensify.

Soeid told Asharq Al-Awsat that Trump’s election could hasten military actions on the Lebanese-Israeli border, allowing Netanyahu more freedom to secure military objectives and strengthen Israel’s negotiating position.

He suggested key UN resolutions intended to control arms in Lebanon may lose focus, with the goal shifting to place all weapons under state control.

There is concern in Lebanon over any change to Resolution 1701, which maintains the ceasefire with Israel.

Soeid clarified that Trump might not scrap these resolutions outright but could push for tighter arms restrictions, ensuring only Lebanon’s government holds power over weapons.

He believes the US may aim to create a cohesive Lebanese leadership to enforce these measures, essentially enabling Netanyahu more flexibility in regional matters.

The US election drew intense interest in Lebanon, with citizens and officials closely tracking the campaigns and vote results, hoping for a positive shift.

Lebanese politician Khaldoun Sharif noted that Trump reached out to Lebanese Americans during his campaign, promising to bring peace to Lebanon quickly.

He sees Trump’s advisor, Lebanese-born Massad Boulos, as potentially instrumental in highlighting Lebanon’s needs to the new administration.

Sharif criticized the outgoing Democratic administration’s handling of conflicts in Gaza and Lebanon, saying it failed to curb Netanyahu’s plans despite multiple ceasefire proposals.

As Trump prepares to take office on January 20, Sharif emphasized that Lebanon is eager for a complete ceasefire, adherence to Resolution 1701, a consensus-backed president, and a transparent, reform-oriented government to rebuild trust with Arab nations and the international community.

Sharif voiced disappointment that past US administrations have often overlooked Lebanon’s significance.

Now, amid a severe conflict, he hopes Trump will act swiftly to end the violence, support reconstruction, and restore Lebanon’s standing on the regional stage.