Advertise   Subscribe Contact Yemen Post
 
About Us   Our Mission Terms & Services
Yemen Post Newspaper Logo  
Editor Picture By 2015, closed door meetings for Yemen President Abdurabu Hadi will be limited.... Foreign embassy searches not ruled out....Foreign censorship halted..... Yemenis linked with foreign intelligence hunted for.  
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 violence continues :: UN in talks over Yemen humanitarian ceasefire :: International community for peace in Yemen launched :: UN envoy in Yemen amid humanitarian catastrophe :: 858 civilians killed in 100-day war in Aden :: Huge airstrikes shake Yemen capital :: Houthis launch new scud on Saudi Arabia-TV :: 600 soldiers trained by Saudi Arabia arrive in Yemen :: Fresh car bombing hits Yemen capital :: Syndicate warns of ongoing abuse of reporters by Houthis ::
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.

 

 

 

 

 


Yemen Post Staff
*
Source: Yemen Post Newspaper
 
 
MORE LOCAL
 
UN envoy in Yemen amid humanitarian catastrophe
International community for peace in Yemen launched
Yemen violence continues
UN in talks over Yemen humanitarian ceasefire
858 civilians killed in 100-day war in Aden
Huge airstrikes shake Yemen capital
The Yemen Post blocked by Houthi militants
Houthis launch new scud on Saudi Arabia-TV
Syndicate warns of ongoing abuse of reporters by Houthis
Fresh car bombing hits Yemen capital
 
 
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 Freinedly Version
Email this Article Email the Editor
 
Most popular
 UN envoy in Yemen amid humanitarian catastrophe
 International community for peace in Yemen launched
 Yemen violence continues
 UN in talks over Yemen humanitarian ceasefire
 858 civilians killed in 100-day war in Aden
 Huge airstrikes shake Yemen capital
 
Services
  Letters to the Editor
  Dear President
  Advertise
  Subscribe
  Submit Your Articles
  Classified
  Readers' Letters
 

Sabafon

 
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- 2015    

 Designed and developed by
  HyperLink