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)
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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.



Lebanese Air Transport Union Denies Evacuation Rumors at Beirut Airport

Smoke rises in Beirut's southern suburbs after a strike, as a plane takes off from Rafik Hariri International Airport, amid the ongoing hostilities between Hezbollah and Israeli forces, as seen from Hadath, Lebanon, October 8, 2024. (Reuters)
Smoke rises in Beirut's southern suburbs after a strike, as a plane takes off from Rafik Hariri International Airport, amid the ongoing hostilities between Hezbollah and Israeli forces, as seen from Hadath, Lebanon, October 8, 2024. (Reuters)
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Lebanese Air Transport Union Denies Evacuation Rumors at Beirut Airport

Smoke rises in Beirut's southern suburbs after a strike, as a plane takes off from Rafik Hariri International Airport, amid the ongoing hostilities between Hezbollah and Israeli forces, as seen from Hadath, Lebanon, October 8, 2024. (Reuters)
Smoke rises in Beirut's southern suburbs after a strike, as a plane takes off from Rafik Hariri International Airport, amid the ongoing hostilities between Hezbollah and Israeli forces, as seen from Hadath, Lebanon, October 8, 2024. (Reuters)

The Lebanese Air Transport Union on Wednesday denied rumors that it issued an evacuation request of the Rafik Hariri International Airport in Beirut, confirming that airport operations continue without disruption.
The Union denied in a statement “rumors that quoted chairman of the board of directors of the Middle East Airlines as requesting technicians and engineers to evacuate the Rafik Hariri International Airport in Beirut and deport the planes.”
It said the rumors aim at spreading chaos at the airport and among the Lebanese. “We assure that the airport is operating normally", it stated.
Despite the ongoing Israeli hostilities in Lebanon and the mounting risks, Lebanon’s national carrier Middle East Airlines (MEA) continues to operate flights to and from Rafik Hariri International Airport.

Hezbollah began firing rockets into northern Israel the day after Hamas’ surprise attack into Israel on Oct. 7, 2023 ignited the war in Gaza. Hezbollah and Hamas are both allied with Iran.
For nearly a year, the conflict was mostly contained to the areas along the border between Israel and Lebanon. The conflict dramatically escalated on Sept. 23 with intense Israeli airstrikes on south and east Lebanon as well as Beirut’s southern suburbs, leaving hundreds dead and leading to the displacement of nearly 1.2 million people.