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

Planning Minister Holds Separate Talks with Kuwaiti, German Officials

Planning and International Cooperation Minister Dr. Afrah Al-Zouba held separate meetings on Tuesday with Kuwait Fund for Arab Economic Development Director General Waleed Al-Bahar and German Federal Ministry for Economic Cooperation and Development State Minister Niels Annen to discuss expanding development cooperation with Yemen.

Bahrain Says Air Defenses Intercepted and Destroyed Several “Treacherous” Iranian Air Attacks

The General Command of the Bahrain Defence Force announced on Thursday that Iran continues what it described as a systematic hostile approach through missile and drone attacks targeting civilians in the Kingdom of Bahrain.

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.

Paris Saint-Germain Crowned UEFA Champions League Winners

French club Paris Saint-Germain claimed the UEFA Champions League title after defeating Arsenal 4-3 in a penalty shootout following a 1-1 draw in the final held at Puskás Aréna in the Hungarian capital, Budapest.

Last Update: ، 2026/06/30 Time 06:27:14
Latest News:

Planning Minister Holds Separate Talks with Kuwaiti, German Officials

Defense Minister Chairs Exceptional Military Meeting to Review Field Developments and Combat Readiness

Leadership Council Chairman Calls for Stronger European Action to Back Recovery Efforts

PM Reviews Situation and Issues Facing Residents of Ibb Governorate

PM Emphasizes Coordination with WFP to Align Interventions with Humanitarian Needs

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.