Article length: 605 words

Houthis seek long-term control of Yemen’s banking sector

Supreme Political Council (SPC) president Mahdi Mashat issued a decree on 5 January launching the Houthi’s economic plan for 2020. Among this potentially significant document’s six priorities were payment of half-salaries to government employees every two months, tax exemptions for vehicles and manufacturing equipment, and a directive to establish national banks. The first phase of the plan was launched in Sanaa on 14 January by Mashat and prime minister Abdelaziz Saleh Bin Habtour.

Go to full article

Credit value: 8

African Energy Gulf States Newsletter