The European Union (EU) strongly condemned the attack by the Iranian-backed Houthi terrorist militias on the commercial ship (MINERVAGRACHT), which flies the Dutch flag in the Gulf of Aden.
Oil prices rose today, Thursday, ending a three-day losing streak, recovering from their lowest levels in 16 weeks, but expectations of increased supply from "OPEC+" next month limited the gains.
Saudi Arabia, Yemen sign handover of $2 billion deposit to Central Bank of Yemen
[16/03/2018 01:25]
RIYADH-SABA
Saudi Arabia have signed an agreement whereby the former handed over a promised $2 billion deposit to the Central Bank of Yemen (CBY) to shore up the Yemeni currency.
The agreement was signed by Saudi Finance Minister Mohammed al-Jadaan and CBY governor Mohammed Mansour Zemmam in Riyadh on Thursday.
The deposit, upon the directives of King Salman bin Abdulaziz Al Saud, comes as part of the Saudi continuous support to Yemen. In 2012 Saudi Arabia had deposited $1 billion to CBY in a bid to stabilize the Yemeni Riyal.