Hajjar: IsDB Group will offer Yemen $100 mln developmental aid

Yemen, Arab League Discuss Developments and Strengthening Support for Yemen

Foreign Minister Dr. Afrah al-Zouba discussed developments in Yemen and ways to strengthen Arab coordination in support of the Yemeni government and people during a phone call on Wednesday with Arab League Secretary-General Nabil Fahmy.

GCC Secretary-General Welcomes UN Security Council’s Position on Houthi Attacks Against Saudi Arabia

The Secretary-General of the Gulf Cooperation Council (GCC) Jasem Albudaiwi has expressed his appreciation for the position conveyed by members of the United Nations Security Council in their presidential statement regarding the attacks carried out by the Houthi terrorist militia against the Kingdom of Saudi Arabia.

EU Allocates 525 Million Euros to Support Startups in Chip Design

European Commissioner for Technological Sovereignty, Security and Democracy, Hana Verkonen, announced that the European Union (EU) has allocated 525 million euros to support startups in the field of chip design.

Al Nassr Beat Al Fateh 3-0 in Saudi Football League

Al Nassr defeated Al Fateh 3-0 in the opening round of the Saudi Pro League, known as the Roshn Saudi League.

Last Update: ، 2026/11/12 Time 12:00:35
Latest News:

Al-Arada Discusses Houthi Escalation and Taiz Siege with British Ambassador

Coalition Intercepts and Destroys Two Houthi Drones Over Saudi Arabia

Taiz Governor Discusses Cash Shortages, Food Supply Stability with Central Bank

Yemen, UN Release Third Update of Nationally Determined Contributions at COP31

National Battle Steadily Moving Toward Achieving its Planned Objectives—Members of PLC stressed

Hajjar: IsDB Group will offer Yemen $100 mln developmental aid

[03/06/2020 03:08]

JEDDAH-SABA
The President of the Islamic Development Bank (IsDB) Group Dr. Bandar Hajjar stated that the IsDB is going to keep on supporting the Republic of Yemen to help the Yemeni government to manage the economic hardships, humanitarian difficulties and control pandemics.

In a press statement Hajjar said "The IsBD Group would provide Yemen with a developmental assistance worth $ 100 million within the next four years (2020-2023), out of which $36.6 million to support the government's efforts to counter coronavirus (covid-19).

Hajjar mentioned that the IsDB Group has contributed with $1 billion to finance Yemen since the group established.
He added that the IsDB Group's active portfolio in Yemen presently consist of 17 transactions with total cost make up $214 million.