Saudi Arabia announces $2 bn bailout for Yemen government
RIYADH, JAN 17 (DNA) – Saudi Arabia on Wednesday announced it would transfer $2 billion to Yemen’s central bank, after desperate calls for funding from the war-torn country’s president and prime minister.
“To address the deteriorating economic situation faced by the Yemeni people as a result of the actions of the Houthi rebels, King Salman bin Abdulaziz has issued a directive to transfer a $2bn deposit to the central bank of Yemen, in continuation of the kingdom’s support of the Yemeni people,” the interior ministry said in a statement.
Saudi Arabia, which is facing a hefty budget deficit, leads a military coalition that is battling the Huthi rebels alongside the Yemen’s internationally recognised government.
Related News
Pakistan, Belarus mark 30 years of the establishment of diplomatic relations
ISLAMABAD, FEB 3 /DNA/ – Foreign Minister Jalil Abbas Jilani has exchanged messages of heartfeltRead More
ANF seizes over 74 kg drugs, 1830 intoxicated tablets
ANF seizes over 74 kg drugs, 1830 intoxicated tablets RAWALPINDI, Dec 14 (APP):Anti-Narcotics ForceRead More
Comments are Closed