Advertise   Subscribe Contact Yemen Post
 
About Us   Our Mission Terms & Services
Yemen Post Newspaper Logo  
Editor Picture The first of a hundred steps is now complete. We salute those who helped the NDC become the road map for the future Yemen. Strides of success were made, but the real test awaits us all. Will the government deliver and turn ink on paper into reality?  
Hakim Almasmari  
 Publisher & Editor in Chief   
  Email the Editor
Advanced Search
HOME EDITORIAL LOCAL INTERVIEW REPORT POLITICS BUSINESS HEALTH YEMEN IN THE NEWS MIDDLE EAST INTERNATIONAL ARCHIVE
LATEST UPDATES Yemen faces new sabotage attack in Marib :: Fuel prizes spike send Yemenis over the edge :: Yemen’s pipe dream: Reconciliation :: The ransom dilemma, to pay or not to pay :: An officer is slain in Lawdar :: Rising prices at the pump, Yemenis might be in for a rude awakening :: Failed assassination attempt against top military commander :: Those who pray together … :: US diplomat confirms they made contact with Sharif Mobley :: Mike Harvey’s long walk to freedom ::
BREAKING NEWS
z
LOCAL
Last updated: 06:59:56 PM GMT(+03) Monday, 28, November, 2011
 
 

Street Calls for Asset Freezing in Yemen

 
*
 Yemen Post Staff

 

More than one million youth protesters continue to flood Yemeni provinces calling for immediate asset freezing of the ruling family and its top aides.

 

Over the last 30 years, majority of projects in the government and public sector were run by senior Saleh aides who are suspected to have gained hundreds of millions in profits during the time.

Economic experts say these assets could be more than $25 billion and enough to help the country during its critical economic crisis. "The assets we are talking about are huge, and enough to help rebuilding Yemen at least for emergency needs. The assets could exceed 25-30 billion," said Ali Ashal, an opposition member of parliament and specialized in economic affairs.

Though Yemen had weak infrastructure to begin with, damages done to the oil, electricity, communication, and health sectors would need time and large financial support to rebuild.

All development projects were halted in January leaving everything waiting for a new government to implement.

Most international financial support has not been used wisely over the years, mainly due to corruption. "We have nothing in Yemen. No roads, hospitals, jobs, electricity or water. Countries did help, but the ruling family regime favored itself over the country," said Wajdi Nasser, a father of two who is living off charity since March when he lost his job.

Nasser's children are now begging in the streets, a decision he never thought he would be forced to make.

 

 

 

 

 


*
Source: Yemen Post Newspaper
 
 
MORE LOCAL
 
Yemen’s pipe dream: Reconciliation
The ransom dilemma, to pay or not to pay
An officer is slain in Lawdar
Rising prices at the pump, Yemenis might be in for a rude awakening
Failed assassination attempt against top military commander
Those who pray together …
US diplomat confirms they made contact with Sharif Mobley
Mike Harvey’s long walk to freedom
Al Qaeda strikes again, this time in Abyan
British teacher is finally freed
 
 
Comments
Dr Comment Title:
11/28/2011 11:01:56 PM Date:
Name:
The freezing of assets should equally apply to all of Saleh's circle, including all ministers, some of whom are KNOWN to have transferred enormous amounts of money (money laundering) to Dubai, Kuwait, UK, and Canada! Comment:
 

 
Leave a Comment
Comment will be published once it has been approved by our moderators.
Name:
Title:
Comment:

TERMS AND CONDITIONS
Yemen Post may edit comments for length and clarity but will not change the tone of the message. Comments will only be accepted if all fields (including name) are filled correctly and the message isn't abusive, defamatory or offensive. All comments sent may be forwarded for use in the Yemen Post newspaper.
Article Tools
Email this Article Email this article
Print Friendly Version Print
Email this Article Email the Editor
 
Most popular
 Yemen faces new sabotage attack in Marib
 Fuel prizes spike send Yemenis over the edge
 Yemen’s pipe dream: Reconciliation
 The ransom dilemma, to pay or not to pay
 An officer is slain in Lawdar
 
Services
  Letters to the Editor
  Dear President
  Advertise
  Subscribe
  Submit Your Articles
  Classified
  Readers' Letters
 

 
Quick poll
Do you think President Hadi is building the base to rule Yemen for many years?

VOTE  OR SEE POLL RESULTS
 

   
   
   
© Yemen Post. All Rights Reserved 2007- 2014    

 Designed and developed by
  HyperLink