The continuation of war in Yemen drains Emirates and Saudi resources

 The cold war in Yemen keeps pushing more and more on the economy of the gulf countries which produce oil, especially Saudi Arabia and United Arab Emirates, as the war carries on for consecutive 31 month. Economic experts clarified that this war drains the gulf countries economy and that this war is not affordable due to the expensive oil prices. Moreover, the war does not give any gesture that it may come to an end as it carries on for the 31 month (started 23 March, 2015) between the governmental forces supported by Arab alliance forces under the leadership of Saudi Arabia and Al-Houthi armed group and former president Abdullah Saleh armed forces. The war resulted in a a miserable human situations and destroyed the Yemini economy which was already suffering from poverty. Reports refer to that more than 80% of the Yemini populations are in need for urgent aids.

Al-Ajaaq, the expert and professor at the Lebanese university, stated that the continuation of the military operations in Yemen and their expansion leads to bad consequences on both of the markets and economies of gulf countries. He adds that this war has also financial consequences as Yemen occupies position of great importance for gulf countries economy which relies heavily the sales of power resources through Bab el-Mandeb Strait.

Moreover, this strait is one of the most important straits in the world where thousands of oil tankers and bulk carriers pass through it everyday between Asia, Europe, Mediterranean basin, and Northern American. Moreover, there are estimates that there are 13% of world's oil production (4 million ton) passing through the strait every day towards Suez Canal to the rest of the world.

    He stressed on the fact that the financial consequences will not have great effect upon gulf countries as they have high level of reserves currency, but Saudi Arabia takes the greatest effect from the Yemini war among all gulf countries.

Fakhry Al-Fiqi, former consultant at the world monetary fund, pointed out that the war lays great pressure of the economy of gulf countries as oil prices are decreasing. He stated also that this war might not prevent Yemen government from making economic amendments to support their national income. On the other hand, Yemini workers in Saudi Arabia facing much more difficulties as Saudi government impose new fees and Saudization of green groceries and gold markets.