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Yemeni riyal nears historic low in government-controlled areas

Money traders and local media said the Yemeni riyal was on track to break another record of 2,100 against the dollar on Sunday. (File/AFP)
Money traders and local media said the Yemeni riyal was on track to break another record of 2,100 against the dollar on Sunday. (File/AFP)
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Updated 27 October 2024

Yemeni riyal nears historic low in government-controlled areas

Money traders and local media said the Yemeni riyal was on track to break another record of 2,100 against the dollar on Sunday.
  • Violent protests have erupted in Aden, the interim capital, and other cities in recent years, as the riyal’s depreciation has raised food and fuel prices

AL-MUKALLA: The Yemeni riyal fell to 2,045 against the dollar in government-controlled areas on Sunday, just days after an all-time low of 2,000.

As the Yemeni government and its financial institutions called for an international bailout, money traders and local media said the riyal was on track to break another record of 2,100 against the dollar.

The riyal traded at 215 against the dollar during the early months of the war, which began after the Houthi militia forcibly took power a decade ago.

Violent protests have erupted in Aden, the interim capital, and other cities in recent years, as the riyal’s depreciation has raised food, fuel and transportation prices.

The Aden-based central bank has shut down unlicensed exchange firms and ships, as well as those not following its monetary rules. It has ordered the relocation of banks from Houthi-controlled Sanaa to Aden, and sold dollars from its dwindling foreign currency reserves in public auctions to help local traders obtain enough to import food and other essentials.

But the measures have failed to support the riyal, which fell from around 1,200 per dollar in April 2022, following the formation of the Presidential Leadership Council, to 2,000 a week ago.

The government has blamed the Yemeni riyal’s devaluation on Houthi attacks on oil terminals in the southern provinces of Hadramout and Shabwa, which resulted in a halt in oil exports, as well as currency speculation by local money traders and exchange firms.

It comes as Ahmed Ghaleb, governor of Aden’s central bank, reiterated a governmental appeal to the international community to help contain the riyal’s depreciation and ensure it can continue meeting financial obligations such as paying salaries.

According to official Yemen news agency SABA, Ghaleb, currently in Washington DC, said during a meeting with US Yemen envoy Tim Lenderking that the Houthis’ strikes on oil facilities in late 2022, as well as their attacks on international shipping, had deprived the Yemeni government of its main source of revenue. They had also increased shipping and insurance costs, exacerbating the country’s humanitarian crisis.

Speaking last week to a gathering of central bank governors and financial ministers from the Middle East, North Africa, Afghanistan and Pakistan region, Ghaleb said Yemen had lost over $6 billion in revenue in the 30 months since its oil exports stopped. He also said Houthi attacks on ships had disrupted the flow of supplies and escalated poverty and food insecurity.

The Yemeni government has repeatedly said it cannot pay employees in areas under its control without financial aid.

Teachers, security and military personnel, and other government employees in Aden, Al-Mukalla and other government-controlled cities have complained their salaries are paid weeks late and have lost value due to the riyal’s depreciation.

“Salaries are paid late, losing value. The teacher, who previously received $320, is now paid $53. We went on strike to protest the collapse of salaries, but no one paid attention,” Abu Mohammed, a teacher from Hadramout province, told Arab News on Sunday.


Israel’s attorney general tells Netanyahu to reexamine extremist security minister’s role

Israel’s attorney general tells Netanyahu to reexamine extremist security minister’s role
Updated 15 November 2024

Israel’s attorney general tells Netanyahu to reexamine extremist security minister’s role

Israel’s attorney general tells Netanyahu to reexamine extremist security minister’s role
  • National Security Minister Itamar Ben-Gvir criticized for interfering in police matters

JERUSALEM, Nov 14 : Israel’s Attorney General told Prime Minister Benjamin Netanyahu to reevaluate the tenure of his far-right National Security Minister Itamar Ben-Gvir, citing his apparent interference in police matters, Israel’s Channel 12 reported on Thursday.
The news channel published a copy of a letter written by Attorney General Gali Baharav-Miara in which she described instances of “illegitimate interventions” in which Ben-Gvir, who is tasked with setting general policy, gave operational instructions that threaten the police’s apolitical status.
“The concern is that the government’s silence will be interpreted as support for the minister’s behavior,” the letter said.
Officials at the Justice Ministry could not be reached for comment and there was no immediate comment from Netanyahu’s office.
Ben-Gvir, who heads a small ultra-nationalist party in Netanyahu’s coalition, wrote on social media after the letter was published: “The attempted coup by (the Attorney General) has begun. The only dismissal that needs to happen is that of the Attorney General.”


Israeli forces demolish Palestinian Al-Bustan community center in Jerusalem

Israeli forces demolish Palestinian Al-Bustan community center in Jerusalem
Updated 15 November 2024

Israeli forces demolish Palestinian Al-Bustan community center in Jerusalem

Israeli forces demolish Palestinian Al-Bustan community center in Jerusalem
  • Al-Bustan Association functioned as a primary community center in which Silwan’s youth and families ran cultural and social activities

LONDON: Israeli forces demolished the office of the Palestinian Al-Bustan Association in occupied East Jerusalem’s neighborhood of Silwan, whose residents are under threat of Israeli eviction orders. 

The Palestinian Authority’s Ministry of Culture condemned on Thursday the demolition of Al-Bustan by Israeli bulldozers and a military police force. 

The ministry said that “(Israeli) occupation’s arrogant practices against cultural and community institutions in Palestine, and specifically in Jerusalem, are targeting the Palestinian identity, in an attempt to obliterate it.” 

Founded in 2004, the Al-Bustan Association functioned as a primary community center in which Silwan’s youth and families ran cultural and social activities alongside hosting meetings for diplomatic delegations and Western journalists who came to learn about controversial Israeli policies in the area. 

Al-Bustan said in a statement that it served 1,500 people in Silwan, most of them children, who enrolled in educational, cultural and artistic workshops. In addition to the Al-Bustan office, Israeli forces also demolished a home in the neighborhood belonging to the Al-Qadi family. 

Located less than a mile from Al-Aqsa Mosque and Jerusalem’s southern ancient wall, Silwan has a population of 65,000 Palestinians, some of them under threat of Israeli eviction orders.  

In past years, Israeli authorities have been carrying out archaeological digging under Palestinian homes in Silwan, resulting in damage to these buildings, in search of the three-millennial “City of David.” 


Israeli strike kills 12 after hitting civil defense center in Lebanon’s Baalbek, governor tells Reuters

Israeli strike kills 12 after hitting civil defense center in Lebanon’s Baalbek, governor tells Reuters
Updated 14 November 2024

Israeli strike kills 12 after hitting civil defense center in Lebanon’s Baalbek, governor tells Reuters

Israeli strike kills 12 after hitting civil defense center in Lebanon’s Baalbek, governor tells Reuters
  • Eight others, including five women, were also killed and 27 wounded in another Israeli attack

CAIRO: An Israeli strike killed 12 people after it hit a civil defense center in Lebanon’s city of Baalbek on Thursday, the regional governor told Reuters adding that rescue operations were ongoing.
Eight others, including five women, were also killed and 27 wounded in another Israeli attack on the Lebanese city, health ministry reported on Thursday.
Meanwhile, Lebanese civil defense official Samir Chakia said: “The Civil Defense Center in Baalbek has been targeted, five Civil Defense rescuers were killed.”
Bachir Khodr the regional governor said more than 20 rescuers had been at the facility at the time of the strike.


‘A symbol of resilience’ — workers in Iraq complete reconstruction of famous Mosul minaret

‘A symbol of resilience’ — workers in Iraq complete reconstruction of famous Mosul minaret
Updated 14 November 2024

‘A symbol of resilience’ — workers in Iraq complete reconstruction of famous Mosul minaret

‘A symbol of resilience’ — workers in Iraq complete reconstruction of famous Mosul minaret
  • Workers complete reconstruction of 12th-century minaret of Al-Nuri Mosque
  • Tower and mosque were blown by Daesh extremists in 2017

High above the narrow streets and low-rise buildings of Mosul’s old city, beaming workers hoist an Iraqi flag into the sky atop one of the nation’s most famous symbols of resilience.

Perched precariously on scaffolding in high-vis jackets and hard hats, the workers celebrate a milestone in Iraq’s recovery from the traumatic destruction and bloodshed that once engulfed the city.

On Wednesday, the workers placed the last brick that marked the completed reconstruction of the 12th-century minaret of Al-Nuri Mosque. The landmark was destroyed by Daesh in June 2017 shortly before Iraqi forces drove the extremist group from the city.

Known as Al-Hadba, or “the hunchback,” the 45-meter-tall minaret, which famously leant to one side, dominated the Mosul skyline for centuries. The tower has been painstakingly rebuilt as part of a UNESCO project, matching the traditional stone and brick masonry and incorporating the famous lean.

“Today UNESCO celebrates a landmark achievement,” the UN cultural agency’s Iraq office said. “The completion of the shaft of the Al-Hadba Minaret marks a new milestone in the revival of the city, with and for the people of Mosul. 

“UNESCO is grateful for the incredible teamwork that made this vision a reality. Together, we’ve created a powerful symbol of resilience, a true testament to international cooperation. Thank you to everyone involved in this journey.”

The restoration of the mosque is part of UNESCO’s Revive the Spirit of Mosul project, which includes the rebuilding of two churches and other historic sites. The UAE donated $50 million to the project and UNESCO said that the overall Al-Nuri Mosque complex restoration will be finished by the end of the year.

UNESCO Director-General Audrey Azoulay celebrated the completion of the minaret by posting “We did it!” on social media site X.

She thanked donors, national and local authorities in Iraq and the experts and professionals, “many of whom are Moslawis,” who worked to rebuild the minaret.

“Can’t wait to return to Mosul to celebrate the full completion of our work,” she said.

The Al-Nuri mosque was built in the second half of the 12th century by the Seljuk ruler Nur Al-Din. 

After Daesh seized control of large parts of Iraq in 2014, the group’s leader, Abu Bakr Al-Baghdadi, declared the establishment of its so-called caliphate from inside the mosque.

Three years later, the extremists detonated explosives to destroy the mosque and minaret as Iraqi forces battled to expel them from the city. Thousands of civilians were killed in the fighting and much of Mosul was left in ruins.


US hands Lebanon draft truce proposal -two political sources

US hands Lebanon draft truce proposal -two political sources
Updated 14 November 2024

US hands Lebanon draft truce proposal -two political sources

US hands Lebanon draft truce proposal -two political sources
  • The US has sought to broker a ceasefire that would end hostilities between its ally Israel and Hezbollah

BEIRUT: The US ambassador to Lebanon submitted a draft truce proposal to Lebanon’s speaker of parliament Nabih Berri on Thursday to halt fighting between armed group Hezbollah and Israel, two political sources told Reuters, without revealing details.
The US has sought to broker a ceasefire that would end hostilities between its ally Israel and Iran-backed Hezbollah, but efforts have yet to yield a result. Israel launched a stepped-up air and ground campaign in late September after cross-border clashes in parallel with the Gaza war.