Secretary-General of the Yemeni Socialist Party Yaseen Saeed Noaman said that Yemen is not a poor country and that it was impoverished, pointing out that there are 18 billionaires in Yemen who have $130 billion.

He stressed that inefficient regimes result the impoverishment of states, pointing out that the rule of the former president Ali Abdullah Saleh led to the recessed economic situation of Yemen.

In an interview with Dubai TV, Noaman spelt out that these Yemeni billionaires collected 60 percent of their wealth through looting or stealing.

He further said that 10 percent of Yemenis have 85 percent of the state's revenue and 90 percent of Yemen's population have only 15 percent.

He stressed that Yemen faces a very critical dilemma, calling for a real strategy for developing Yemen's economy.

Despite the political progress made in Yemen, humanitarian conditions are deteriorating as the state needs to foodstuffs and drinking water for women and children as well as securing health care.

According to economists, Yemen's political crisis led to the fall of the domestic production 14 percent, and affected all economic sectors.

Yemeni economists caution that Yemenis might plunge into hungry because of rising food and fuel prices.

Yemen's oil pipelines are frequently attacked and that largely affected on the state's economy.

Yemen is the poorest country in the Arab World, where nearly half of the population lives on less than $2 a day.