Wednesday, May 18, 2016 6.32AM / Al Arabiya English
Four billion dollars have disappeared from Yemen’s Central Bank in the Houthi-controlled capital Sanaa and the country is on the verge of declaring bankruptcy, its foreign minister told reporters.
Foreign Mininster Abdel-Malek al-Mekhlafi did not accuse any side and gave no further details.
His announcement is a bad omen for Yemen, where a conflict between its internationally-recognized government and Iran-backed Houthi militias has caused a major
humanitarian crisis in the country. On top of that, Yemen is already considered to be the poorest country in the Arabian Peninsula.
Not only a looming bankruptcy but concerns about militants is also stifling Yemen.