Egypt, Saudi Arabia coordinate on regional crises ahead of first Supreme Council meeting    FRA launches first register for tech-based risk assessment firms in non-banking finance    Egypt's Health Ministry, Philips to study local manufacturing of CT scan machines    African World Heritage Fund registers four new sites as Egypt hosts board meetings    Maduro faces New York court as world leaders demand explanation and Trump threatens strikes    Egypt identifies 80 measures to overhaul startup environment and boost investment    Turkish firm Eroglu Moda Tekstil to invest $5.6m in Egypt garment factory    EGX closes in red area on 5 Jan    Gold rises on Monday    Oil falls on Monday    Al-Sisi pledges full support for UN desertification chief in Cairo meeting    Al-Sisi highlights Egypt's sporting readiness during 2026 World Cup trophy tour    Egypt opens Braille-accessible library in Cairo under presidential directive    Abdelatty urges calm in Yemen in high-level calls with Turkey, Pakistan, Gulf states    Madbouly highlights "love and closeness" between Egyptians during Christmas visit    Egypt confirms safety of citizens in Venezuela after US strikes, capture of Maduro    From Niche to National Asset: Inside the Egyptian Golf Federation's Institutional Rebirth    5th-century BC industrial hub, Roman burials discovered in Egypt's West Delta    Egyptian-Italian team uncovers ancient workshops, Roman cemetery in Western Nile Delta    Egypt, Viatris sign MoU to expand presidential mental health initiative    Egypt's PM reviews rollout of second phase of universal health insurance scheme    Egypt sends medical convoy, supplies to Sudan to support healthcare sector    Egypt sends 15th urgent aid convoy to Gaza in cooperation with Catholic Relief Services    Al-Sisi: Egypt seeks binding Nile agreement with Ethiopia    Egyptian-built dam in Tanzania is model for Nile cooperation, says Foreign Minister    Al-Sisi affirms support for Sudan's sovereignty and calls for accountability over conflict crimes    Egypt flags red lines, urges Sudan unity, civilian protection    Egyptian Golf Federation appoints Stuart Clayton as technical director    4th Egyptian Women Summit kicks off with focus on STEM, AI    UNESCO adds Egyptian Koshari to intangible cultural heritage list    Egypt recovers two ancient artefacts from Belgium    Egypt warns of erratic Ethiopian dam operations after sharp swings in Blue Nile flows    Sisi expands national support fund to include diplomats who died on duty    Egypt's PM reviews efforts to remove Nile River encroachments    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Germany among EU's priciest labour markets – official data    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Special from Yemen: Commodity crisis adds to Yemen''s woes despite Saleh''s departure
Published in Almasry Alyoum on 06 - 06 - 2011

Sanaa – Despite President Ali Abdullah Saleh's departure on Saturday to seek treatment in Saudi Arabia for wounds sustained during an attack on his presidential palace, insecurity and instability remain in embattled Yemen. And the Arab World's poorest country, embroiled in a four-month protest movement that appears to be evolving into civil war, now faces skyrocketing commodity prices.
Daily life is becoming increasingly unaffordable for most Yemenis. Food prices have doubled. Most public transportation is not operating on the streets of the capital Sanaa, while taxi fares have become exorbitant over the past three weeks. Water truck prices have doubled or more due to the shortage of fuel.
Sanaa's residents experienced the first power cut on Monday night since Saleh, strongman of 32 years, left the country. The lengthy power cuts have been typical of recent weeks. Saleh previously blamed the cuts on provincial tribes sabotaging the lines with explosives.
“We didn't have a drop of water for three days,” said Sanaa resident Amal Mohhamed. “At least we have power since he [Saleh] left. It means the state was behind the power cut. They didn't want us to know about what's going on in Hasaba [the Sanaa neighborhood ravaged by street battles].”
Private water providers say they have greater pressure placed on their businesses now because government projects to provide water have been suspended. A 5000-liter truck that previously sold its load for 2500 YR now sells is for 5000 YR. The 3000-liter tuck that once sold its load for 1500 YR now sells it for 4000 YR. Still, they say, their businesses are suffering as a result of Yemen's political and commodity crisis.
“I was able to work six days only in the last two weeks… because of the power cutting and the shortage of diesel,“ said water provider Ahmed Mohb al-Nabi “The diesel and fuel shortage made prices double, making us raise prices as well.”
Queues for fuel stretching more than a mile have become a relatively normal sight in Yemen's major cities. Sometimes the cars completely block roads. Some Yemenis say they have waited longer than ten hours to reach their turn only to find fuel was no longer available.
“I was in the queue at the fuel station from 5 pm until 10 am the next morning,” said car owner Fares al-Ghubari. “When I got there the fuel was just finished. But it's getting funny as the people in the queue start chatting and getting to know each other. I made lots of friends from fuel queues.”
Buses charge 50 YR instead of 30 YR now if they are able to pass through Sanaa's streets without encountering roadblocks. Taxi fares have risen 150 percent due to the shortage of fuel and hikes in other basic commodities.
“I charge the custumer 700 YR, when I used to take 300 YR,” said one taxi driver. “I can't give any cheaper prices as the fuel is so expensive now. I pay 6000 YR for what I used to get for 1500 YR – if I can find it in the first place.”
Locals from Mareb Governorate, where the country's largest gas manufacturing stations are located, have flocked to Yemen's cities to sell fuel and diesel at high prices. Some dilute the fuel by mixing it with water.
“I bought the diesel at a very high price because of the need to run the business that earns me my living,” said a repair shop owner. “But it was mixed with water, so once I put it in the machines, they broke. I went back to find the seller, but I couldn't find him.”
The General Union of Chambers of Commerce and Industry said in a recent statement that the country's production has come to a grinding halt due to the commodity crisis. Most of the workers and employees, moreover, no longer show up for work because they have not received their salaries. And foreign experts have left the country in large numbers due to the deteriorating security situation.
Banks are also totally paralyzed, the statement added, and some will soon declare bankruptcy. Food and medicine provisions will last only a few weeks, in the best-case scenario, with transportation difficulties exacerbating the situation, according to the statement.
“Yemen is in a dangerous situation now. Many families have crossed the food insecurity stage,“ Mostafa Nasser, chairman of the Studies and Economy Media Center told Al-Masry Al-Youm. ”The economy crossed the collapse phase when the revolution started its armed phase… We demanded the political parties sign the Gulf Cooperation Council initiative as the last hope to end the economic crisis.”
Gulf nations brokered a deal in late April, initially endorsed by both the president and the opposition, which sought Saleh's ouster. Saleh, however, refused to sign at the last minute and since then violence in Yemen has escalated.
Sanaa resident Shawqi Mohamed said he recently went to his bank to make a withdrawal but the employees there said the funds were not available. The bank employees, according to Mohamed, said Saleh followers withdrew large amounts of the bank's money to pay supporters to turn out for pro-Saleh rallies in Sanaa on Friday.
“The parties to the political conflict would never feel what we are facing,” said 45-year-old mother of five Oum Ahmed. “They will never experience hunger, not Saleh nor [defected general] Ali Mohsen nor [head of the powerful Hashid tribe] al-Ahmer. In their worst case they will go and live like kings in a Saudi palace, with only us to bear the results of their war for power.”


Clic here to read the story from its source.