LONDON: As joint forces of the Arab coalition rapidly moved closer to Hodeidah, fighting in areas six kilometers away from the city’s airport intensified on Wednesday, military sources said.
Yemen’s army said units from the “rapid intervention forces” were currently positioned in Al-Durayhmi and were ready to enter the strategic port city of Hodeidah from the south.
Yemeni army spokesman Abdo Abdullah Majali told Asharq Al-Awsat on Wednesday that the rapid intervention forces are trained to fight inside small neighborhoods and hunt down Houthi militias hiding in fortified buildings. He added that they would work to clear these buildings in preparation for the army’s entry into Hodeidah and its liberation while ensuring that residents remained safe.
Majali added that the liberation of Hodeidah would help the army to advance on several other Yemeni cities because of its strategic position as a port city and its proximity to Taiz, Ibb, Al-Mahwit, Dhamar, and Hajjah.
At least 53 rebels died in fighting in Hodeidah on Wednesday while seven pro-government fighters were killed and 14 wounded, according to medical sources.
A military source told Asharq Al-Awsat that the Houthi militias experienced heavy losses on fronts in the province of Saada as a result of confusion and panic.
The source added that these losses prevented the Houthis from sending military reinforcements to confront Arab coalition forces heading toward Hodeidah from the western coast.
In a phone call to Hodeidah’s governor on Wednesday, Yemen’s Prime Minister Ahmed bin Daghr praised the country’s army and the Popular Resistance for their competent role in combating Houthi militias which he said are losing strength every day.
Fighting rages near Yemen's Hodeidah airport
Fighting rages near Yemen's Hodeidah airport
- At least 53 rebels died in fighting in Hodeidah on Wednesday while seven pro-government fighters were killed and 14 wounded.
- Yemen’s Prime Minister Ahmed bin Daghr praised the country’s army and the Popular Resistance for their role in combating Houthi militias.
Turkiye to forge on with tight economic policy, some fine-tuning, VP Yilmaz says
- The central bank forecasts inflation between 13-19 percent by end-2026
ISTANBUL: Turkiye is committed to carrying on its tight economic policies in order to cool inflation, and though it may fine-tune the program it will not change course, Vice President Cevdet Yilmaz said in comments embargoed to Friday.
“There is no plan to pause our program,” Yilmaz said at a briefing with reporters in Istanbul on Thursday. “All programs are dynamic, and adjustments can always be made.”
Yilmaz, who plays a key role overseeing economic policy at the presidency, said any such adjustments would aim to support production, investment and exports while moderating consumption.
Turkiye has pursued tight monetary and fiscal policies for more than two years in order to reduce price pressure, leading to high financing and borrowing costs that have weighed on businesses and households. Inflation has eased slowly but steadily over the last year but remains elevated at 31 percent annually.
Last month, Is Bank CEO Hakan Aran warned that focusing solely on one target — inflation — could create side effects, suggesting a “pause and restart” might be healthy once the program achieves certain targets.
Yılmaz said the government expects improvements in inflation in the first quarter, which should reflect to market expectations for year-end inflation around 23 percent. The government projects inflation to dip as far as 16 percent by year end, within a 13-19 percent range, and falling to 9 percent in 2027. The central bank forecasts inflation between 13-19 percent by end-2026.
Yilmaz noted inflation fell by nearly 45 points despite pressure from elevated food prices, hit by agricultural frost and drought.
The agricultural sector is expected to support growth and help ease price rises this year, which could help achieve official inflation targets, he said.
Yilmaz said the government wants to avoid a rapid drop in inflation that could hurt economic growth, jobs and social stability.
Turkiye’s economic program was established in 2023 after years of unorthodox easy money that aimed to stoke growth but that sent inflation soaring and the lira plunging. The program aims to dislodge high inflation expectations while boosting production and exports, in order to address long-standing current account deficits.
The central bank, having raised interest rates as high as 50 percent in 2024, eased policy through most of last year, bringing the key rate down to 38 percent.
Asked whether lower rates could trigger an exit from the lira currency, Yilmaz said: “What matters is real interest rates. Lowering rates as inflation falls does not affect real rates, so we do not expect such an impact.”
He added that the government will strengthen mechanisms that selectively support companies while improving overall financial conditions.
