Saudi Arabia on Wednesday announced it would transfer $2 billion to Yemen's central bank, after desperate calls for funding from the war-torn country's president and prime minister.

"To address the deteriorating economic situation faced by the Yemeni people as a result of the actions of the Iranian-backed Huthi militias, King Salman bin Abdulaziz has issued a directive to transfer a $2 billion deposit to the central bank of Yemen, in continuation of the kingdom's support of the Yemeni people," the interior ministry said in a statement.

Saudi Arabia, which is facing a hefty budget deficit, leads a military coalition that is battling the Huthi rebels alongside the Yemen's internationally recognised government.

Source: National News Agency

Related Post

About Us

The website publishes the news, which is gathered from all the sectors of the country with keeping an eye on different sorts of news from all over the world. All kinds of news on our news website do not consist of any sort of content that can be called the prejudice one, that strategy keeps us away from adding up any useless extra content in the news.