Yemen president says won't extend presidential term
Source: BI-ME with Reuters , Author: Posted by BI-ME staff
Posted: Wed February 2, 2011 1:21 pm

YEMEN. Yemeni President Ali Abdullah Saleh, a key US ally against al Qaeda, said on Wednesday he will not seek to extend his presidency in a move that would end his three-decade rule when his current term expires in 2013.

Eyeing protests that brought down Tunisia's leader and threaten to topple Egypt's president, Saleh also vowed not to pass on the reins of government to his son, but asked the opposition to hold down on protests.

"I present these concessions in the interests of the country. The interests of the country come before our personal interests," Saleh told his parliament, Shoura Council and members of the military.

"No extension, no inheritance, no resetting the clock," he said, making reference to ruling party proposals to institute term limits that had been seen as allowing him to run again.

His remarks came a day before a planned large rally, dubbed a "Day of Rage," organized by the opposition that was seen as a barometer of the size and strength of the Yemeni people's will to follow Egypt and Tunisia in demanding a change of government.

"I call on the opposition to freeze all planned protests, rallies and sit-ins," Saleh said.

Yemen, already teetering on the brink of becoming a failed state, is trying to fight a resurgent al Qaeda arm, cement peace with Shi'ite rebels in the north and quell separatism in the south, all in the face of crushing poverty that has left a third of Yemenis suffering from chronic hunger.

Saleh had already offered some smaller concessions on presidential term limits and pledged to raise salaries of civil servants and military personnel by around US$47 a month, no small move in a country where about 40 percent of the population lives on less than US$2 a day.

Yemen's current rules would require Saleh to step down as president when his term ends in 2013. But some members of his ruling party riled the opposition late last year by floating a proposal to lift that limit.

Yemen's opposition tried to rally against the idea in December, but failed to bring large numbers to the street. Last week, however, the Yemeni opposition succeeded in bringing around 16,000 people to the streets to demand a change in government. Some called for Saleh to leave.

 

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: February 12, 2016
INTERNATIONAL. A Syria in which the regime and IS, rather than other rebel groups, are the only real domestic players turns Bashar al-Assad into a pivotal cog in the fight against jihadism. That is something Saudi Arabia cannot allow to happen. To turn the tide, it needs a United States that is engaged and willing to do its bit.
date:Posted: February 11, 2016
INTERNATIONAL. "Although we anticipate some strain on Gulf banks' funding and liquidity this year, good asset quality and strong capitalization remain positive factors."
date:Posted: February 10, 2016
UAE. Low oil prices will constrain the amount of funding available to Gulf sovereigns and banks to support the region's substantial infrastructure bill in coming years; S&P projects a gap as large as $270 billion through 2019 between capital spending for projects and project contracts awarded.
INTERNATIONAL. A Syria in which the regime and IS, rather than other rebel groups, are the only real domestic players turns Bashar al-Assad into a pivotal cog in the fight against jihadism. That is something Saudi Arabia cannot allow to happen. To turn the tide, it needs a United States that is engaged and willing to do its bit.
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