PM appreciates Saudi $2 billion bailout

Al-Mahrami: Gas, oil derivatives delivery mechanism should be constantly monitored

The Member of the Presidential Leadership Council (PLC) Abdul-Rahman al-Mahrami underlined the importance of the monitoring over the mechanism of the oil derivatives and gas delivery.

Gaza Death Toll Rises to 55,297 Amid Ongoing Israeli Aggression

The death toll from the Israeli genocidal war on the Gaza Strip since October 7, 2023, has risen to 55,297, with 128,426 injured, the Ministry of Health in afflicted Palestinian enclave said. The majority of the victims are women and children.

Korea's exports shrinks 2.2 percent

South Korea's exports decreased by 2.2 percent year-on-year in the first 20 days of July.

Saudi Al-Hilal FC Eliminated from FIFA Club World Cup After 2-1 Defeat to Fluminense

Saudi Al-Hilal FC has been eliminated from the 2025 FIFA Club World Cup after suffering a 2-1 defeat to Fluminense FC from Brazil in the quarterfinals. The match was held at the Camping World Stadium in Orlando, Florida.

Last Update: ، 2025/07/24 Time 11:36:19
Latest News:

Al-Soqatri, Badhib discusses with IFAD, FAO rural livelihood project

Minister of Local Administration discusses support for development efforts with UNDP

Deputy FM, Kuwait Ambassador Discuss Bilateral Relations and Regional Issues

Leadership Council Chairman leaves Aden to Engage in Consultations with Regional and International Partners

Deputy Planning Minister and IFAD Discuss Enhanced Cooperation in Agricultural Development

PM appreciates Saudi $2 billion bailout

[18/01/2018 02:17]

ADEN-SABA
Prime Minister Ahmed bin-Daghr expressed his appreciation of Saudi $ 2 billion bailout in a meeting with Saudi Arabia's Ambassador to Yemen Mohammed Al Jaber in Aden on Thursday.

King Salman bin Abdulaziz Al Saud issued a directive for the amount to be deposited into the Central Bank of Yemen to stabilize the Yemeni Riyal which declined to unprecedented lows this week.

Bin-Daghr thanked king Salman and his Crown Prince Mohammed bin Salman for the generous support saying the devaluation of the Yemeni Riyal "is in continuous decline from the moment of issuing the directive."

"Saudi Arabia bore the greater burden (for Yemen) and the Yemeni people will not forget the Kingdom's sacrifices," he told A Jaber.

He called on the Kingdom and the UAE to assist by sending financial experts to help Yemenis lay down plans for and oversee these funds."

On the other hand, the Minister of Interior and governors and security directors of Aden, Abyan, Lahj, Dhale'a, Taiz and Hodeidah held a separate meeting with Al Jaber and thanked the Kingdom for rescuing the country's currency with the deposit.