Yemen's Presidential Council to Up Economic Measures to Confront Houthis

Head of the Yemeni Presidential Leadership Council Rashad al-Alimi with three other members (Saba)
Head of the Yemeni Presidential Leadership Council Rashad al-Alimi with three other members (Saba)
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Yemen's Presidential Council to Up Economic Measures to Confront Houthis

Head of the Yemeni Presidential Leadership Council Rashad al-Alimi with three other members (Saba)
Head of the Yemeni Presidential Leadership Council Rashad al-Alimi with three other members (Saba)

The Yemeni Presidential Leadership Council asserted that the government would continue its efforts to curb the impact of Houthi attacks on oil export ports and address the economic war waged by the militias against the government.

Official Yemeni sources stated that the Council held a meeting chaired by Rashad al-Alimi to address the latest developments in the country, including the economic situation following the government policies aimed at alleviating the repercussions of Houthi attacks on oil facilities and ports.

The meeting also aimed to confront restrictions imposed on the activities of the private sector and the movement of individuals, commodities, and humanitarian aid.

Saba state news agency reported that the Council stressed the importance of doubling efforts to improve rational management of resources, public revenues, deposits, and generous development aid from Saudi Arabia and the UAE.

The Council praised the royal directives from the Custodian of the Two Holy Mosques, King Salman, to deposit $1 billion at the Central Bank of Yemen. The move promotes the bank's capabilities in managing monetary policy, maintaining the stability of the national currency, and thwarting the plans of terrorist militias.

Meanwhile, media in reported that local authority led by Mohammed Ali Yasser met with the US ambassador to Yemen, Steven Fagin, and the commander of the US Fifth Fleet, General Charles Cooper, and several US officials at the headquarters of the Coalition to Support Legitimacy.

The talks stressed on the importance of continuing efforts to combat the smuggling of Iranian weapons and drugs to Yemen.

It addressed efforts to combat arms and drug smuggling and boost cooperation, coordination, and capacity-building for the Coast Guard to enhance maritime security and international freedom of navigation.

The sources quoted the US ambassador as saying that the visit aims to show Washington's support for Yemen and al-Mahra governorate, and to boost many aspects in the security field and combating smuggling and terrorism.

Earlier, the British Royal Navy and the US Navy intercepted and confiscated an Iranian arms shipment in the Gulf of Oman, likely destined for the Houthis in Yemen.

Yemeni Information Minister Moammar al-Eryani said this confirmed the Tehran regime's escalation of arms smuggling operations to the Houthis in flagrant violation of international resolutions.

Eryani explained that the Joint Maritime Forces managed to carry out seven interception operations in the past three months.

He said the escalation of arms smuggling operations to Houthi militias revealed intentions to thwart international efforts to restore the ceasefire, accusing Tehran of blocking peace efforts.

The minister appreciated the efforts of the joint naval forces, led by the US Navy and the British Royal Navy, in thwarting Iranian arms smuggling operations. He called for support for the Yemeni Coast Guard to raise their readiness in combating terrorism, arms and drug smuggling and other illegal activities.

Eryani called on the international community, the United Nations, and the Security Council's permanent members to take a firm stance to stop Iranian activities that undermine security and regional and global peace.

Meanwhile, the Yemeni government affirmed its support for UN and international efforts to renew and expand the armistice to launch a comprehensive peace process leading to ending the coup and restoring the state.

Foreign Minister Ahmed Awad bin Mubarak urged the international community to pressure the Houthi militia and its supporters to comply with the requirements of a lasting and comprehensive peace that all Yemenis seek.

He called for providing the necessary support to the Yemeni government to carry out its responsibilities in normalizing economic conditions, providing services to citizens, and implementing the required reforms.



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.