Cowardly attacks will not weaken Pakistan's resolve to fight terrorism, says FM    Egypt's TMG 9-month profit jumps 70% on record SouthMed sales    Egypt adds trachoma elimination to health success track record: WHO    Egypt, Latvia sign healthcare MoU during PHDC'25    Egypt joins Advanced Breast Cancer Global Alliance as health expert wins seat    Egyptian pound gains slightly against dollar in early Wednesday trade    Egypt's Suez Canal Authority, Sudan's Sea Ports Corp. in development talks    Egypt, Uzbekistan explore renewable energy investment opportunities    Egypt's SCZONE, China discuss boosting investment in auto, clean energy sectors    Egypt's ICT sector a government priority, creating 70,000 new jobs, says PM    Tensions escalate in Gaza as Israeli violations persist, humanitarian crisis deepens    Egypt, India explore cooperation in high-tech pharmaceutical manufacturing, health investments    Egypt, Sudan, UN convene to ramp up humanitarian aid in Sudan    Egypt releases 2023 State of Environment Report    Egypt's Al-Sisi, Russian security chief discuss Gaza, Ukraine and bilateral ties    Egyptians vote in 1st stage of lower house of parliament elections    Grand Egyptian Museum welcomes over 12,000 visitors on seventh day    400 children with disabilities take part in 'Their Right to Joy' marathon    Egypt repatriates 36 smuggled ancient artefacts from the US    Grand Egyptian Museum attracts 18k visitors on first public opening day    'Royalty on the Nile': Grand Ball of Monte-Carlo comes to Cairo    VS-FILM Festival for Very Short Films Ignites El Sokhna    Egypt's cultural palaces authority launches nationwide arts and culture events    Egypt launches Red Sea Open to boost tourism, international profile    Qatar to activate Egypt investment package with Matrouh deal in days: Cabinet    Hungary, Egypt strengthen ties as Orbán anticipates Sisi's 2026 visit    Omar Hisham Talaat: Media partnership with 'On Sports' key to promoting Egyptian golf tourism    Sisi expands national support fund to include diplomats who died on duty    Madinaty Golf Club to host 104th Egyptian Open    Egypt's PM reviews efforts to remove Nile River encroachments    Al-Sisi: Cairo to host Gaza reconstruction conference in November    Egypt will never relinquish historical Nile water rights, PM says    Al-Sisi, Burhan discuss efforts to end Sudan war, address Nile Dam dispute in Cairo talks    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Russia says it's in sync with US, China, Pakistan on Taliban    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.



Cash-strapped Yemen needs money
Published in Bikya Masr on 27 - 01 - 2012

SANA'A: Now that Yemen President Ali Abdullah Saleh has left Yemen for Oman and is expected to continue on his journey to the United States where he is set to undergo medical treatment, one would think that Yemenis are breathing a sigh of relief.
Quite the contrary, with the departure of the three decades-long autocrat, it is Yemen's money that is also taking flight.
Military sources revealed that on the very day President Saleh boarded his plane, another military plane was loading dozens of cases full of foreign currency, ingots of gold and other luxury items.
“Tens of Millions of dollars were loaded aboard that plane, General Mohamed Saleh al-Ahmar [President Saleh's half-brother and commander of Yemen's air force] himself supervised the operations,” said an officer under cover of anonymity.
Other sources close to the presidential family are now claiming that Yehia Mohamed Saleh, one of Saleh's nephews, Head of the country's Central Security Forces and billionaire businessman sold a military cargo plane to Dubai, dealing with Yemen's assets as if they were his own.
Ministries have been emptied; the entire government's car fleets disappeared on the day President Saleh signed in Riyadh the power-transfer proposal, forcing the new government to use their own personal vehicles. Officers have told the local press that expensive military equipment was being sold to tribes for cash, dangerously depleting the armed forces fire power capacity.
Interestingly the new coalition government is doing nothing.
Despite Vice-President Abdu Rabbo Mansour Hadi's many claims and promises that he would put back the country on the right tracks, Yemenis are losing confidence when they see how Saleh's family members are continuing to pillage their homeland in all impunity.
The Planning and International Minister Mohammad Alsaadi announced on Thursday that Yemen needed no less than $15 billion to recover and become stable again.
And as many Yemenis are quick to point out: “I wonder what the combined fortune of Saleh's family members is? $20 Billion, $50 Billion? If the government was doing its job we would not have to beg our neighbors for money?” said an independent youth.
Yemen will in a couple of months hold a “donor conference” trying to gather international help to rebuild the country's infrastructures and economy.
BM
ShortURL: http://goo.gl/EPH8J
Tags: Economy, finance, Money, Saleh
Section: Op-ed, Yemen


Clic here to read the story from its source.