Re-assigning $32 million from Islamic Bank to counter coronavirus

Aden Governor Commends ICRC Humanitarian Efforts

Minister of State and Aden Governor Abdulrahman Sheikh has commended the humanitarian and relief efforts undertaken by the International Committee of the Red Cross (ICRC) in recent years.

Arab League Calls for Confronting Rising Anti-Muslim Hate

The Arab League on Sunday called for intensified international efforts to confront the growing phenomenon of hate speech and discrimination against Muslims in order to prevent deeper divisions among religions and cultures.

Oil price tops $100 a barrel

Oil prices jumped above $100 per barrel today, Monday, as the U.S. Navy prepares to take control of ship movements in the Strait of Hormuz.

Inter Milan a win away from Serie A title

Inter Milan continued its successful march to reclaim the Italian football league title, despite drawing with its host Torino (2-2), in the conclusion of the 34th round of the competition.

Last Update: ، 2026/05/11 Time 09:41:54
Latest News:

President al-Alimi underlines priority of working to close agents' file in any agreement with Iranian ..

Deputy Foreign Minister, Libyan Ambassador Discuss Bilateral Cooperation

Al-Khanbashi Discusses with Dutch Embassy Delegation and FAO Projects of Agriculture and Water Sectors ..

Prime Minister: Establishing Security, Improving Basic Services Are Gov't's Top Priority

Al-Khanbashi: We're Very keen to Increase Customs Revenues, Develop Coast Guard Capacities, Support ..

Re-assigning $32 million from Islamic Bank to counter coronavirus

[07/05/2020 08:38]

RIYADH-SABA
The Yemeni Government and Islamic Bank Group agreed Thursday on re-allocating $32 million were allotted to previous projects in order to be devoted immediately through fast track to contain coronavirus pandemic.

This is done through negotiations conducted by the Minister of Planning and International Cooperation Dr. Najib al-Aweg with the President of the Islamic Bank Group Dr. Bander bin Hajjar via videoconference.

They also touched upon the Mobile Clinic Project to be funded by charitable person with total cost $51 million.

For his part the President of the Islamic Bank Group has agreed to provide a grant worth $3 million from the Fund of Islamic Solidarity and one more donation of $200 thousand.

He also agreed to allocate an additional contribution with $350 thousand from a charitable project run by the Islamic Bank.