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

Britain Welcomes President’s Call to Hold Conference for Southern Components, Renews Support for Yemen’s

The UK Minister of State for the Middle East and North Africa, Hamish Falconer has welcomed the call by His Excellency President Dr. Rashad Mohammed al-Alimi, the Chairman of the Presidential Leadership Council, to convene a comprehensive conference for the southern components.

Massive 7.0 Magnitude Earthquake Strikes Alaska, USA

A powerful 7.0 magnitude earthquake struck Alaska, USA, yesterday evening, according to the United States Geological Survey (USGS).

Turkey's exports to neighboring countries exceed $28 billion in 2025

Turkey's revenues from exports to neighboring countries made $28.352 billion in 2025, marking an increase of 4.6% compared to 2024, when they amounted to $27.092 billion.

Arsenal defeats Brighton and strengthens its lead in the English Premier League

Arsenal defeated Brighton 2-1 in their match at the Emirates Stadium as part of the 18th round of the English Premier League.

Last Update: ، 2026/01/06 Time 11:58:18
Latest News:

United Nations Welcomes Call by President al-Alimi to Hold Conference for Southern Components in Riyadh

France Affirms Commitment to Yemen’s Unity, Welcomes President’s Initiative to Convene Conference ..

Chairman of Shura Council Discusses Developments in Yemen with U.S. Ambassador

Leadership Council Member Meets U.S. Advisor and Ambassador

Saudi Cabinet Reaffirms Support for President al-Alimi’s Call for Southern Yemen Conference

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.