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$10 Billion Trust Fund to be Established for Yemen’s Reconstruction

A destroyed car is seen on a street of the al-Mansoura neighborhood of Yemen's southern port city of Aden. (Reuters)
A destroyed car is seen on a street of the al-Mansoura neighborhood of Yemen's southern port city of Aden. (Reuters)
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$10 Billion Trust Fund to be Established for Yemen’s Reconstruction

A destroyed car is seen on a street of the al-Mansoura neighborhood of Yemen's southern port city of Aden. (Reuters)
A destroyed car is seen on a street of the al-Mansoura neighborhood of Yemen's southern port city of Aden. (Reuters)

As the latest World Bank assessment in October estimated war damage in Yemen at more than $88 billion, Yemen’s Minister of Planning and International Cooperation, Dr. Mohammed Al-Saadi, announced that consultations were underway to establish a $10 billion trust fund to start reconstruction operations, especially in liberated areas.

The minister told Asharq Al-Awsat that the latest assessment conducted by the World Bank to determine the approximate amount of reconstruction needs pointed to more than $88 billion, noting that the Yemeni government has already begun the reconstruction process in some liberated areas, including Aden.

Saadi revealed that consultations were currently ongoing to establish a $10 billion Saudi-led trust fund to begin reconstruction as of 2018.

“There are talks about a $10 billion credit fund and currency support. There has been an exchange of views. In addition to the brothers in Saudi Arabia, the World Bank would like to provide management expertise, coordination of fundraising through donors, as well as permanent partners from the Gulf countries, led by Saudi Arabia and Kuwait,” he stated.

The Yemeni minister said that a committee was formed, following a meeting between Saudi Crown Prince Mohammed bin Salman and Yemeni President Abd Rabbu Mansour Hadi, to follow up and set reconstruction priorities based on the assessments made by the World Bank and other local assessments issued by some war-stricken provinces.

While describing some of the difficulties faced in the reconstruction process during the previous period, mainly due to security instability in some areas, Saadi stressed the determination of the Yemeni government to revitalize its work in the liberated areas in the hope to move in 2018 to successful models of reconstruction.

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Arab World

Italy Arrests 7 Accused of Raising Millions for Hamas

Palestinian Hamas members secure the area as Egyptian workers accompanied by members of the International Committee of the Red Cross (ICRC) search for the remains of the last Israeli hostage in the Zeitoun neighborhood of Gaza City on December 8, 2025. (Photo by Omar AL-QATTAA / AFP)
Palestinian Hamas members secure the area as Egyptian workers accompanied by members of the International Committee of the Red Cross (ICRC) search for the remains of the last Israeli hostage in the Zeitoun neighborhood of Gaza City on December 8, 2025. (Photo by Omar AL-QATTAA / AFP)
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Italy Arrests 7 Accused of Raising Millions for Hamas

Palestinian Hamas members secure the area as Egyptian workers accompanied by members of the International Committee of the Red Cross (ICRC) search for the remains of the last Israeli hostage in the Zeitoun neighborhood of Gaza City on December 8, 2025. (Photo by Omar AL-QATTAA / AFP)
Palestinian Hamas members secure the area as Egyptian workers accompanied by members of the International Committee of the Red Cross (ICRC) search for the remains of the last Israeli hostage in the Zeitoun neighborhood of Gaza City on December 8, 2025. (Photo by Omar AL-QATTAA / AFP)

Italian police said Saturday that they have arrested seven people suspected of raising millions of euros for Palestinian group Hamas.

Police also issued international arrests for two others outside the country, said AFP.

Three associations, officially supporting Palestinian civilians but allegedly serving as a front for funding Hamas, are implicated in the investigation, said a police statement.

The nine individuals are accused of having financed approximately seven million euros ($8 million) to "associations based in Gaza, the Palestinian territories, or Israel, owned, controlled, or linked to Hamas."

While the official objective of the three associations was to collect donations "for humanitarian purposes for the Palestinian people," more than 71 percent was earmarked for the direct financing of Hamas" or entities affiliated with the movement, according to police.

Some of the money went to "family members implicated in terrorist attacks," the statement said.

Among those arrested was Mohammad Hannoun, president of the Palestinian Association in Italy, according to media reports.

Interior Minister Matteo Piantedosi posted on X that the operation "lifted the veil on behavior and activities which, pretending to be initiatives in favor of the Palestinian population, concealed support for and participation in terrorist organizations."

Arab World

Türkiye Holds Military Funeral for Libyan Officers Killed in Plane Crash

The Libyan national flag flies 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 Libyan national flag flies 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 Holds Military Funeral for Libyan Officers Killed in Plane Crash

The Libyan national flag flies 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 Libyan national flag flies 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)

Türkiye held a military funeral ceremony Saturday morning for five Libyan officers, including western Libya’s military chief, who died in a plane crash earlier this week.

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

Al-Hadad was the top military commander in western Libya and played a crucial role in the ongoing, UN-brokered efforts to unify Libya’s military.

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

Saturday's ceremony was held at 8:00 a.m. local time at the Murted Airfield base, near Ankara, and attended by the Turkish military chief and the defense minister. The five caskets, each wrapped in a Libyan national flag, were then loaded onto a plane to be returned to their home country.

Türkiye’s military chief, Selcuk Bayraktaroglu, was also on the plane headed to Libya, state-run news agency TRT reported.

The bodies recovered from the crash site were kept at the Ankara Forensic Medicine Institute for identification. Justice Minister Yilmaz Tunc told reporters their DNA was compared to family members who joined a 22-person delegation that arrived from Libya after the crash.

Tunc also said Germany was asked to help examine the jet's black boxes as an impartial third party.

Arab World

Syrian Foreign Ministry: Talks with SDF Have Not Yielded Tangible Results

SDF fighters are seen at a military parade in Qamishli. (Reuters file)
SDF fighters are seen at a military parade in Qamishli. (Reuters file)
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Syrian Foreign Ministry: Talks with SDF Have Not Yielded Tangible Results

SDF fighters are seen at a military parade in Qamishli. (Reuters file)
SDF fighters are seen at a military parade in Qamishli. (Reuters file)

A source from the Syrian Foreign Ministry said on Friday that the talks with the Kurdish Syrian Democratic Forces (SDF) over their integration into state institutions “have not yielded tangible results.”

Discussions about merging the northeastern institutions into the state remain “hypothetical statements without execution,” it told Syria’s state news agency SANA.

Repeated assertions over Syria’s unity are being contradicted by the reality on the ground in the northeast, where the Kurds hold sway and where administrative, security and military institutions continue to be run separately from the state, it added.

The situation “consolidates the division” instead of addressing it, it warned.

It noted that despite the SDF’s continued highlighting of its dialogue with the Syrian state, these discussions have not led to tangible results.

It seems that the SDF is using this approach to absorb the political pressure on it, said the source. The truth is that there is little actual will to move from discussion to application of the March 10 agreement.

This raises doubts over the SDF’s commitment to the deal, it stressed.

Talk about rapprochement between the state and SDF remains meaningless if the agreement is not implemented on the ground within a specific timeframe, the source remarked.

Furthermore, the continued deployment of armed formations on the ground that are not affiliated with the Syrian army are evidence that progress is not being made.

The persistence of the situation undermines Syria’s sovereignty and hampers efforts to restore stability, it warned.