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

Yemen Announces Full Support for Statement Issued by GCC Ministerial Meeting

The Republic of Yemen has announced its full support for the statement issued at the extraordinary ministerial meeting of the Gulf Cooperation Council (GCC), which affirmed a unified and firm position to deter what it described as blatant Iranian aggression against GCC member states.

Kuwait Condemns Iranian Attack Targeting Its Territory

The State of Kuwait has strongly condemned a “heinous Iranian attack” that targeted its territory on Saturday morning, calling it a flagrant violation of Kuwait’s sovereignty, airspace, international law, and the Charter of the United Nations.

Korea large companies' exports rise 10 percent

Large companies' exports in South Korea rose approximately 10 percent year-on-year in the fourth quarter of last year, driven by increased global demand for semiconductors.

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: ، 2026/03/02 Time 11:55:50
Latest News:

Marib Deputy Governor Discusses Humanitarian Interventions with Turkish Associations

Cabinet approves draft budget for fiscal year 2026

Finance Minister signs with Ambassador al-Jaber new Saudi support agreement for Yemen

Prime Minister Receives Letter from Italian Deputy Prime Minister

Yemen Strongly Condemns Blatant Iranian Attacks on Saudi Arabia

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.