Saudi Arabia pledges $1.2 billion in aid to support the Yemeni Government

President of the Presidential Leadership Council to European Institute of Peace Delegation: Treating the Houthis as a Normal Actor Is a Structural Error That Threatens to Perpetuate War and Suffering

His Excellency President Dr. Rashad Mohammed al-Alimi, Chairman of the Presidential Leadership Council, affirmed that the Yemeni people aspire to a sustainable, long-term peace that does not bypass the state or reproduce violence once again.

German Chancellor Says Europe Must Stand Strong

German Chancellor Friedrich Merz has called on Europeans to strive for greater autonomy, emphasizing the need for Europe to defend itself using its own capabilities, given the shift in transatlantic relations.

China's foreign exchange reserves rise to $3.3991 trillion

China's total foreign exchange reserves made $3.3991 trillion at the end of last January, marking an increase of $41.2 billion, or 1.23 percent, compared to the end of December last year.

Saudi League: Al-Nassr, Al-Ettifaq and Neom Secure Victories Over Al-Ittihad, Damac and Al-Riyadh

Al-Nassr defeated its guest Al-Ittihad 2–0 in the match that brought them together at Al-Awwal Park Stadium in Riyadh, as part of the 21st round of the Saudi Professional League.

Last Update: ، 2026/02/11 Time 04:13:04
Latest News:

Widespread UN and International Welcome for Formation of New Yemeni Government

Minister Al-Sharjabi Discusses Enhancing Cooperation in Water and Environment Sectors with French Ambassador

Taiz Governor Discusses Enhancing Joint Coordination, Interventions with Rahma Worldwide Foundation

President al-Alimi to European Delegation: Treating Houthis as Normal Actor, Structural Error Threatens ..

Interior Minister Discusses Enhancing Joint Security Cooperation with Saudi Officia

Saudi Arabia pledges $1.2 billion in aid to support the Yemeni Government

[01/08/2023 05:51]

RIYADH-SABA
The Kingdom of Saudi Arabia announced today, Tuesday, about new economic support for Yemen worth $1.2 billion intended to cover the deficit in the state general budget, support salaries, wages and operational expenses and support food security in the country.

The Saudi Press Agency (SPA) reported that this support comes " Under directions of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz al-Saud and His Crown Prince, driven by the brotherhood deeply rooted relations between the two countries and in response to a request from the government of the Republic of Yemen to help it handling the budget's deficit, it is also support for the Presidential Leadership Council.

This additional economic support is an extension of the agreement signed between the government of the Kingdom of Saudi Arabia and the Yemeni government in the field of the actions of the Saudi Program for Development and Construction in Yemen inside the Republic of Yemen, the agreement dated 13/8/1441 of Hegira.