Inside Financial Markets

Saudi-led invasion of Yemen in 4th day

saudi airlineSaudi-led invasion of Yemen in 4th day

 Saudi-led warplanes continue carrying out airstrikes against Yemen as the war on the impoverished country enters its fourth day.As night fell on Saturday, the aerial attacks resumed for a fourth night, residents of Yemen’s capital of Sana’a said.

Saudi-led fighter jets have pounded the northwestern city of Sa’ada. No casualties have been reported yet.

The city is the stronghold of Ansarullah fighters, against whom the warfare has been waged.

Dozens of people, including women and children, have been killed since early Thursday, when Saudi Arabia began the invasion of Yemen.

On Saturday, the United Nations said most of its 100 international staff were evacuated from Sana’a.

UN Secretary General Ban Ki-moon said on the same day that negotiations “remain the only chance to prevent long, drawn-out conflict” in Yemen. There was no sign of condemnation of the Saudi invasion in the UN chief’s remarks.

‘War waged for Hadi’

Yemen’s fugitive President Abd Rabbuh Mansur Hadi arrived in the Saudi capital, Riyadh, on March 26.

Yemen’s fugitive President Abd Rabbuh Mansur Hadi

Riyadh says it has launched the airstrikes to defend the “legitimate government” of Hadi upon his request.

Ali Abdullah Saleh, Yemen’s former dictator who stepped down in 2012 after a year-long popular uprising, has likewise said the Saudi-led attacks aim to save the fugitive president.

In a televised speech on Saturday, Saleh urged the Arab League to help end the crisis “peacefully,” saying the “problem will not be solved with strikes.”

Aden fatalities

Also on Saturday, a senior Yemeni health official said at least 61 people had been killed in three days of fighting between Ansarullah fighters and loyalist militia in Yemen’s main southern city of Aden.

“There are at least 61 people dead and 203 wounded,” said Aden health department director Al-Kheder Lassouar.

The situation has become increasingly tense in Aden, with supporters of Houthi fighters clashing with “popular committees” — an anti-Houthi militia controlling parts of the city

Sanie Khan

Sanie Khan holds a deep knowledge of the financial markets in Pakistan. Based in Karachi, he has over 20 years of hands-on management experience in financial technologies and managing operations in the financial sector. He was the General Manager at the Pakistan Stock Exchange (PSX) for 17 years. He along-with senior members of Exchange

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