The Arab Parliament on Saturday, July 13, 2024, expressed its full support for the internationally recognized Yemeni government's decisions regarding transportation, the economy, and maintaining financial and monetary stability. The parliament also condemned the Houthi group's interference in the financial and banking institutions.

During the fifth session of the fourth term of the third legislative session held at the Arab League headquarters in Cairo, the Arab Parliament emphasized its support for all efforts aimed at achieving a comprehensive and final political solution to the crisis in Yemen.

The session, attended by Yemeni parliament members Abdulwahab Muawwadh, Alwi Al-Basha bin Zuba, and Insaf Mayo, saw the Arab Parliament condemn the Houthi group, designated as a terrorist organization by several countries, for its threats against Saudi Arabia, including targeting ports, airports, and civilian infrastructure.

The parliament declared that these actions "confirm the destructive approach of this group," highlighting its "insistence on sabotaging all efforts to help Yemen emerge from its crisis, as well as its determination to prolong the war in the region and endanger regional and international peace and security."

According to the session's statement, participants expressed regret over the recent stalemate in prisoner and detainee negotiations held in Oman due to the Houthis' intransigence in releasing prisoners and detainees.

Earlier, the leader of the Houthi group, in a televised speech broadcast by the group's al-Masirah channel, threatened to target Saudi airports and ports, accusing the kingdom of being behind recent decisions by the Yemeni Central Bank.

In a series of decisions, Governor Ahmed Al-Mubarki, the Central Bank governor, revoked the licenses of 26 exchange companies last week, ordering the closure of their branches indefinitely for violating bank decisions and instructions.

These decisions followed two previous measures: imposing a unified network for domestic transfers, prohibiting dealings with 12 unauthorized electronic payment entities, and permanently halting operations of local financial transfer networks owned by banks, financial institutions, or exchange companies operating in Yemen.

On May 30, the Yemeni Central Bank in Aden, declared the temporary capital of the country, issued a decision to stop dealing with six Yemeni banks and financial institutions after the expiration of a 60-day deadline to implement its decision to relocate their main headquarters to Aden.

The Central Bank also issued another decision urging all individuals, commercial establishments, companies, other entities, and financial and banking institutions holding old banknotes issued before 2016 of various denominations to deposit them within a maximum period of 60 days from the date of the announcement.