Get 40% Off
These stocks are up over 10% post earnings. Did you spot the buying opportunity? Our AI did.Read how

Yemen ceasefire set to start on Wednesday night - U.N. envoy

Published 18/10/2016, 00:28
© Reuters. Yemen's President Abd-Rabbu Mansour Hadi is escorted by special forces during a visit to the country's northern province of Marib

UNITED NATIONS (Reuters) - A 72-hour ceasefire in Yemen is due to start on Wednesday night, the U.N. envoy for Yemen said on Monday after he received commitments from all of the country's warring factions.

U.N. Special Envoy for Yemen Ismail Ould Cheikh Ahmed said the cessation of hostilities would begin at 2359 local time (2059 GMT) on Wednesday and could be renewed after the initial three-day period, the United Nations said in statement.

"The Special Envoy welcomes the restoration of the Cessation of Hostilities, which will spare the Yemeni people further bloodshed and will allow for the expanded delivery of humanitarian assistance," the statement said.

Earlier on Monday, Yemeni Foreign Minister Abdel-Malek al-Mekhlafi said on his official Twitter feed that President Abd-Rabbu Mansour Hadi had agreed to a 72-hour ceasefire with the possibility of it being extended.

"The President agreed to a 72 hrs ceasefire to be extended if the other party adheres to it, activates the DCC (LON:DCC) (De-escalation and Coordination Committee) and lifts the siege of Taiz," he said.

The DCC is the United Nations-backed military commission responsible for overseeing ceasefires in Yemen.

Hadi's exiled government has been requesting humanitarian access for Taiz, a divided city largely encircled by the Houthi rebels who overran Yemen's capital, Sanaa, in 2014. Government forces maintain control of only one of four access routes.

The Iranian-aligned Houthis and their allies, forces loyal to former President Ali Abdullah Saleh, hold most of Yemen's northern half, while forces loyal to the Saudi-backed Hadi share control of the rest of the country with local tribes.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Houthi officials could not immediately be reached for comment about the ceasefire.

Saudi Foreign Minister Adel al-Jubeir said on Monday that Saudi Arabia was prepared to accept a ceasefire if the Houthis agreed to one, but that he was sceptical about peace efforts after previous ceasefire attempts failed.

Saudi Arabia and several Gulf Arab allies have carried out air strikes and deployed troops in Yemen in support of Hadi's government since March 2015. Some 10,000 people, including 3,800 civilians, have been killed in the conflict, according to U.N. estimates.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.