Thousands of Yemenis protest as Saleh vows to step down at end of term
Source: BI-ME with Bloomberg , Author: Posted by BI-ME staff
Posted: Thu February 3, 2011 1:24 pm

YEMEN. Thousands of Yemeni pro- and anti- government protesters inspired by uprisings in Tunisia and Egypt flooded their capital of Sana’a today as the president vowed to step down at the end of his term.

Shops and banks closed as demonstrators chanted slogans for and against the ruling party as part of a nationwide protest the opposition dubbed “Day of Rage.” Ali Abdullah Saleh, who has ruled for three decades, said yesterday that he won’t seek to extend his term when it expires in 2013 and called for the formation of a national unity government.

“Twice he’s said before that he won’t run for elections and both times he went and ran, and won,” Gregory Johnsen, a Yemen scholar at Princeton University in New Jersey, told Bloomberg. “The people are skeptical.”

Tunisia’s former leader Zine El Abidine Ben Ali fled the country on Jan. 14 after public protests against rising prices and unemployment turned into a revolt. Egyptians continued to protest in the streets today, clashing with pro-government demonstrators, after Egypt’s ruler of 30 years, Hosni Mubarak, said he would step down as president later this year. Jordan’s King Abdullah replaced his prime minister this week, vowing the move would “strengthen democracy” in the Arab country.

“What we are seeing in Egypt and what we saw in Tunisia is an inspiration for the 300 million Arabs all over the Arab world,” said Abdulkhaleq Abdullah, a professor of politics at the United Arab Emirates University in Al Ain. “We see it resonating today in Yemen and I think we will see it all over.”

Saleh, a U.S. ally, is struggling against al-Qaeda in the Arabian Peninsula, the group responsible for sending two parcel bombs to U.S. synagogues in October and the attempted bombing of a Detroit-bound plane on Christmas Day 2009. Yemen also faces an internal uprising in the north and a secessionist movement in the south of the country.

“There has been mobilizing in the streets and this will lead to chaos,” Saleh told legislators yesterday. “We will make this concession for the interest of the country.”

Today demonstrators who supported the government chanted “No to chaos and destruction, yes to stability!” while their anti-Saleh counterparts shouted “No to corruption and no to looting public money!”

Aidarous al-Nakeeb, head of the opposition socialist party bloc in parliament, said the president’s announcement yesterday failed to address an urgent need for changes, and the opposition will continue their protests until those measures are met.

“The president has not given anything new except the announcement on freezing the constitutional amendments, which rescues his party from the trap it set for itself,” al-Nakeebtold Bloomberg yesterday in a telephone interview.

Yemen’s parliament earlier this year gave preliminary approval to a proposal to eliminate term limits, a measure that would allow Saleh to stay in power past the end of his mandate.

Saleh became leader of North Yemen in 1978, and has ruled the Republic of Yemen since the north and south merged in 1990. His son, Brigadier General Ahmed Ali Abdullah Saleh, has for years served as an adviser to his father and it was widely believed that he was being groomed for the presidency, said Ibrahim Sharqieh, a Yemen expert and deputy director for the Brookings Doha Center. In his parliamentary address yesterday, Saleh said that he wouldn’t have his son succeed him.

The 301-seat parliament is dominated by the ruling General People’s Congress. Several other parties are represented in the legislature, including the Yemeni Congregation for Reform, the main opposition party.

Following protests in the capital, Saleh last week ordered that 500,000 families be included in the Arabian Peninsula country’s social security program, the official Saba news agency reported Jan. 31. Saleh also ordered the creation of a fund to support university graduates and facilitate their employment.

Growth in the US$30 billion economy is expected to slow to 4.1% this year from 8% in 2010, according to the International Monetary Fund.

Yemen has a per-capita output of about US$1,100 a year and one of the world’s most acute water shortages, according to the World Bank.

Foreign Policy magazine and the Fund for Peace ranked Yemen 15th of 60 countries on their 2010 Failed States Index, saying only Afghanistan, Iraq and Pakistan are in worse shape among nations in Asia and the Middle East.

 

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: August 29, 2014
KUEAIT. There is plenty of potential in the Kuwaiti market, should investor interest remain and the government carries out its proposed spending plans. The government's 2014/15 budget is expansionary, with expenditure growth of 3.2% to US$77.3 billion.
date:Posted: August 28, 2014
SAUDI ARABIA. The Saudi Arabian index is the region's most diverse capital market due to its size and maturity; Jadwa Investment views the opening up of the Tadawul as an overall positive but believes a cautious and considered path to reform is the best way forward, much like the Chinese example.
date:Posted: August 28, 2014
LEBANON. The results of the Byblos Bank/AUB Consumer Confidence Index show a marginal improvement in January and February, picking up pace in March and April, and regressing in May and June 2014.
KUEAIT. There is plenty of potential in the Kuwaiti market, should investor interest remain and the government carries out its proposed spending plans. The government's 2014/15 budget is expansionary, with expenditure growth of 3.2% to US$77.3 billion.
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