Arab coalition spokesman: Houthi militia looting worsening Yemeni crisis

A member of the Houthi militia arranges money donated by Houthi supporters on September 27, 2016. (File/AFP)
Updated 09 October 2018
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Arab coalition spokesman: Houthi militia looting worsening Yemeni crisis

  • Colonel Al-Maliki highlighted the ongoing looting by the Houthi militia as the main issue
  • He claimed it has already exceeded more than $5.2 billion

DUBAI: Colonel Turki Al-Maliki, spokesman for the Saudi-led Arab coalition, said that the Houthis were causing problems that were directly affecting the Yemeni economy, Saudi news channel Al-Ekhbariya reported on Monday.

Colonel Al-Maliki highlighted the ongoing looting by the Houthi militia as the worst these problems, which he claimed has already exceeded more than $5.2 billion. The Houthis have collected more than 800 billion Yemeni riyals worth of taxes in ports that they controlled, he added, during a press conference of the coalition forces supporting the internationally recognized government of Yemen, which was held at the Armed Forces Officers Club in Riyadh.

Al-Maliki said that the Houthi militia, backed by Iran, also stole a billion dollars from the General Organization for Insurance in Sanaa, and noted that all these hostilities by the Houthi militias were not of interest to the Yemeni people.

The Office of the Coordinator of Humanitarian Affairs and many governmental and non-governmental organizations have condemned the actions of the Houthi militias.

Al-Maliki also stated that Saudi Arabia’s continued efforts to support the Yemeni economy was proof of its credibility. According to Al-Maliki, the Kingdom has donated $1 billion in 2014, deposited at the Central Bank of Yemen, with another $2 billion donation made in January of 2018 aimed at supporting the Yemeni currency.

King Salman also provided $200 million to the Yemen central bank in support of its financial position.


Turkiye seals preliminary deals for largest foreign-funded railway project

Turkey's Transport Minister Abdulkadir Uraloglu. (AFP file photo)
Updated 25 February 2026
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Turkiye seals preliminary deals for largest foreign-funded railway project

  • The funding will support the 125 km (78 mile) long Northern Ring Railway Project, which will ⁠carry passengers and freight from Gebze ‌to Halkali via ‌the Yavuz Sultan Selim ​Bridge connecting Istanbul’s ‌two main airports

ISTANBUL: Turkiye ‌has reached preliminary agreements with six international lenders to secure $6.75 billion for a new railway ​line across the Bosphorus in what would be Turkiye’s largest foreign-financed railway project, Transport Minister Abdulkadir Uraloglu said on Tuesday.
Once completed, the line that will pass through north Istanbul is expected to carry 33 million passengers ‌and 30 million ‌tons of freight ​annually, ‌he ⁠said, ​adding that ⁠it will open “a new era in logistics” by boosting the country’s rail capacity between Asia and Europe.
The funding will support the 125 km (78 mile) long Northern Ring Railway Project, which will ⁠carry passengers and freight from Gebze ‌to Halkali via ‌the Yavuz Sultan Selim ​Bridge connecting Istanbul’s ‌two main airports.
Preliminary deals were reached ‌with the World Bank, Asian Infrastructure Investment Bank, Asian Development Bank, Islamic Development Bank, OPEC Fund for International Development and the European Bank ‌for Reconstruction and Development, the minister said.
“We aim to complete ⁠the ⁠tender process and hand over the site this year so that (construction) work can start,” Uraloglu said.
An uninterrupted rail freight across the Bosphorus Strait is currently possible through the Marmaray railway tunnel and only during limited hours daily. According to the ministry’s website, a total of just 1.7 million tons of cargo ​were transported through ​Marmaray between 2020 and October 2025.