Yemeni economic expert Abdul Karim Al Awadi said that Iranian institutions are managing funds belonging to Yemen and Houthi group. He added that some organizations have been involved in fundraising for the Houthis in several countries. Al Awadi was quoted as saying: “I suggest that the Yemeni government shut down the Telecommunications Company, which provides the Houthi group with roughly 10 million Saudi riyals ($2.66 million) per day. In addition, there is a need to establish a new state-owned company based in Aden for telecommunications and Internet. Moreover, funds owned by banks and merchants who are doing business with the Houthi group should be frozen. I suggest closely monitoring goods entering Yemen because shipments originating from foreign countries, with financing from Iran, are reaching merchants who support the Houthi group. They then sell these goods in the local market and hand the proceeds over to the Houthi group.

Source: / Hadramout /