Houthi

Since the early days of the conflict in Yemen, the Houthi movement has been in control of much of the Red Sea coastline. The waterway serves as the main artery for trade between the Mediterranean Sea and the Indian Ocean, estimated at about US$700 billion a year. Some 4 million barrels of oil pass through Bab al-Mandab Strait every day…

The September 2016 rupture of the Central Bank of Yemen (CBY) into rival branches associated with the main warring parties has severely undermined the country’s banking sector. The most fundamental issues affecting Yemeni banks are the differing currency systems that have emerged between areas controlled by the internationally recognized government and Houthi authorities, and the associated competing centers of financial…

When Al-Qaeda leader Ayman al-Zawahiri was killed by a US drone strike in Afghanistan last July it had only limited impact for the group’s Middle East branches in North Africa, Yemen, and Somalia. This was in part a result of the internal cohesion created by organizational policies introduced since 2011 that gave regional branches significant autonomy. But it also spoke…

The past year has been one of extreme consequence for Yemen. The war has entered a new phase of low-level violence and economic warfare. Casualties are down since a truce was signed in April, and have remained relatively low even after its acrimonious expiration in October. The internationally recognized government has sworn in a new executive body, but it has…

The UN-brokered truce in Yemen that collapsed October 2, despite efforts to prolong it, disappointed Yemenis and those in the international community who had hoped it could be the groundwork for a lasting peace agreement ending more than seven years of war. During the preceding six months, the truce lessened some of the conflict's devastating effects. Economically, it allowed for…

In the past, the Yemeni state celebrated only holidays that held national significance. These included the anniversaries of several major political moments in Yemen’s history: September 26, marking the ousting of the Imamate and the establishment of a republican regime in the north; October 14, commemorating the start of the uprising against British colonial rule in the south; November 30,…