Saudi Arabia, Yemen sign handover of $2 billion deposit to Central Bank of Yemen

PM receives the Emirati Ambassador to Yemen

The Prime Minister Salim bin Buraik received Today, Thursday, Ambassador of the United Arab Emirates (UAE) to the Republic of Yemen Mohammed al-Zaabi in the temporary capital Aden.

Bulgarian Tourist Union to Celebrate 130 Years of Organized Tourism in Bulgaria

The Bulgarian Tourist Union (BTU) will organize a hike for hundreds of mountain lovers, starting from the Ivan Vazov National Theatre to Mt. Cherni Vrah, to celebrate 130 years of organized tourism in Bulgaria.

WB grants a $100 million to Madagascar

The World Bank (WB) has provided a grant of $100 million to Madagascar, aimed at improving the performance of the national electricity and water company 'JIRAMA', which is suffering from a severe financial crisis.

Leeds United beat Everton in English Premier League

Leeds United beat Everton 1-0 at Elland Road in the final round of the English Premier League.

Last Update: ، 2025/08/29 Time 06:58:53
Latest News:

Maj. General al-Zubaidi inaugurates second phase of Emirati-funded solar power station in Aden

Al-Mahrami praises Emirati support for Yemen in different fields

Health Minister discusses with WHO emergency operations project

Planning Minister seeks Japanese's support for infrastructure of services

Yemen participates in the 7th China-Arab States Expo

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.