Latest news with #Houthi-linked
Khabar Agency
13-05-2025
- Business
- Khabar Agency
Real Estate Market in Houthi-Held Areas Collapses as Property Values Plummet Over 50%
Yemen's real estate market has suffered catastrophic losses in Houthi-controlled territories, with property values plummeting by more than 50% in some areas of the capital and surrounding regions, according to local real estate experts. The unprecedented crash comes amid a suffocating economic recession and a sharp decline in cash liquidity, leading to weakened demand for real estate and a halt in buying and selling transactions. Real estate sources told Khabar Agency that the market collapse stems directly from Houthi-imposed restrictions, including arbitrary bans on property transactions, exorbitant illegal levies, and the suspension of all registrations without security clearance. The militia has replaced legitimate property trustees with loyalists, creating institutional chaos and legal limbo that has paralyzed the real estate sector. Meanwhile, senior Houthi leaders are secretly liquidating stolen properties as they prepare to flee Yemen. These commanders are discreetly selling homes and buildings seized during the conflict through trusted intermediaries, flooding the market with illegally obtained assets and driving prices down further. The sources said. The fire sale comes amid growing instability within the Houthi leadership. With internal fractures widening and U.S. pressure increasing, many top figures appear to be cashing out their stolen holdings. They are converting properties into easily transferable funds - dollar - that can be smuggled abroad when they exit. According to the sources, this frantic asset dumping signals both the militia's weakening grip and its leaders' preparations for an eventual escape. The property sell-off comes amid growing fractures within the Houthi leadership, with multiple sources describing an atmosphere of distrust and impending breakdown. This has prompted many commanders to secure their finances ahead of an exit, according to informed sources. Real estate experts have issued urgent warnings against participating in suspicious property transactions, emphasizing that the majority of these rapidly sold assets rightfully belong to citizens whose homes and lands were violently confiscated. They stress that current sales , often conducted through Houthi-linked intermediaries, cannot legitimize what remains legally defined as stolen property. Experts emphasized that any sales contracts signed during this period may be legally contested in the future due to their illegitimacy. The accelerating disintegration within Houthi ranks has forced top leaders to urgently offload stolen assets, with observers confirming that panic-driven property sales in Sanaa and other militia-controlled areas will intensify as leaders scramble to extract wealth before their regime implodes. Economic analysts predict a wave of disorderly transactions in coming weeks as Houthi figures employ shadow networks to convert properties into hard currency, prioritizing personal enrichment over organizational survival.
Al Jazeera
05-05-2025
- Politics
- Al Jazeera
Israeli airstrikes rock Yemen after Tel Aviv airport attack
NewsFeed Israeli airstrikes rock Yemen after Tel Aviv airport attack Israel has launched 50 air strikes on Yemen's Hodeidah region and a cement factory to the east. Houthi-linked media report two people were killed and 42 injured. The strikes follow a missile attack from Yemen that hit Israel's Ben Gurion airport on Sunday.
Russia Today
30-04-2025
- Politics
- Russia Today
UK joins US air strikes against Houthis in Yemen
The UK has begun to support the US in attacking Yemen's Houthi militia. The British Ministry of Defense said on Wednesday its forces had conducted joint airstrikes against what it claimed was a Houthi-controlled military facility. The development came against the backdrop of Houthi-linked reports stating that another US attack hit a migrant detention center, resulting in dozens of civilian deaths. At least 68 African migrants were killed in the strike on the facility on Monday, the militia's Al Masirah TV Channel reported, adding that 47 people were injured. A US defense official said that the nation's military were aware of the claims about civilian casualties. US President Donald Trump launched a large-scale air and naval strike campaign against Yemen-based Houthi targets last month to protect shipping in the Red Sea from Houthi attacks. According to London, Royal Air Force (RAF) Typhoon fighter jets and US warplanes struck a 'cluster of buildings' located about fifteen miles south of the capital, Sanaa, on Tuesday. The facility was reportedly used by the Houthis to manufacture drones for attacks on ships in the Red Sea and Gulf of Aden. The Houthis have been targeting vessels they associate with Israel as part of a strategy to pressure West Jerusalem over its military operations in Gaza. Israel launched its campaign following a deadly raid by the Palestinian militant group Hamas in October 2023. The rebel group controls western Yemen, including the capital and the strategic port of Hodeidah. In support of the Palestinians in Gaza, the Houthis have launched kamikaze drones and missiles at commercial ships and fired ballistic missiles at Israel. They have stated they will halt their attacks once Israel ends its campaign against Hamas. President Trump has instructed the Pentagon to intensify strikes in Yemen, warning that the Houthis will be 'completely annihilated' if they do not stop targeting shipping in the Red Sea.
Times of Oman
28-04-2025
- Politics
- Times of Oman
US military strikes on Yemen's Sanaa kill eight
Sanaa: US military strikes on Yemen's capital, Sanaa, have resulted in the deaths of at least eight individuals, with several others injured, according to Houthi-linked media reports, Al Jazeera reported. Al Masirah TV, a Houthi-affiliated news channel, reported on Monday that eight people were killed in a US airstrike targeting the Bani al-Harith district, located north of Sanaa. Additionally, US forces struck Yemen's Amran and Saada governorates late Sunday, with Houthi officials confirming the attacks. Two individuals were also reported killed in a previous strike on Sanaa. On April 18, a US strike on Yemen's Ras Isa fuel port had killed at least 74 people and wounded 171 others in the deadliest-known attack to date by the US on Yemen, according to Al Jazeera. Meanwhile, the US Central Command (CENTCOM) revealed that it has launched over 800 targeted strikes against the Houthi terrorist group in Yemen since March 15, aiming to restore "freedom of navigation and reinforce American deterrence." In a statement released on Sunday, CENTCOM, responsible for military operations in the Middle East, said that the campaign has significantly reduced Houthi attacks on international shipping, with ballistic missile launches dropping by 69 per cent and drone strikes decreasing by 55 per cent. CENTCOM further informed that to protect operational security, it will not share details about its ongoing or future military actions. "To preserve operational security, we have intentionally limited disclosing details of our ongoing or future operations. We are very deliberate in our operational approach, but will not reveal specifics about what we've done or what we will do," the statement said. CENTCOM also stated that the US strikes have destroyed multiple command-and-control facilities, air defence systems, advanced weapons manufacturing facilities, and advanced weapons storage locations. Houthi attacks on ships escalated after the outbreak of the war between Israel and Gaza, despite then-President Joe Biden's warning to Iran and its allies to avoid involvement in the conflict. The Houthis, who took control of Yemen's capital in 2014, initially claimed they would target only ships connected to Israel. However, they have since attacked vessels associated with numerous other nations.
Al Bawaba
14-04-2025
- Politics
- Al Bawaba
U.S. airstrikes hit Yemen's Kamaran island
ALBAWABA- U.S. airstrikes have intensified across Yemen, leaving dozens dead and escalating an already volatile situation in the region. On Monday, American aircraft bombed Kamaran Island in the Red Sea, west of Yemen, as part of a broader wave of attacks targeting Houthi-controlled areas. One of the deadliest strikes hit the Al-Sawari ceramic and marble factory in the Bani Matar district on the outskirts of the capital, Sana'a. According to the Houthi-run Yemeni Ministry of Health, at least 32 people were killed and 10 others injured in the bombing. Officials warned that the death toll could rise as rescue efforts continue. The strike was part of at least 15 U.S. air raids on Houthi-linked sites across the country in the past 24 hours. The strikes included eight in Sana'a, four in Al-Jawf, and three in Marib. Notably, four missiles reportedly hit a Houthi military camp in Khab and Sha'af in Al-Jawf province—marking the first such targeting in that region. In response, the Houthis released footage claiming they shot down a U.S. MQ-9 Reaper drone over the Hajjah governorate in northwest Yemen. They also reported launching two ballistic missiles toward Israel, continuing their declared military support for Palestinians amid the war on Gaza.
