Cabinet convenes on Saudi brotherly bailout

Minister of Endowments Condemns Houthi Attempt to Target Mecca

Minister of Endowments and Guidance Sheikh Turki al-Wadaei condemned the Houthi militia’s attempt to target Mecca, calling it a grave crime and a provocation to the feelings of Muslims worldwide.

Second Day of International Media Forum on Islamic Civilization Kicks Off in Tashkent

The second day of the International Media Forum “Islamic Civilization: A New Perspective – New Discoveries” commenced today, Wednesday, at the Center for Islamic Civilization in the Uzbek capital, Tashkent.

German Exports Rise 3.9 Percent

The total of German exports increased by 3.9 percent during the first half of 2026 compared to the same period last year, reaching 817.8 billion euros.

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: ، 2026/09/17 Time 06:27:07
Latest News:

Yemen Warns Against Turning Bab al-Mandab Into Platform for Threats to Global Shipping

Minister of Endowments Condemns Houthi Attempt to Target Mecca

Yemeni Government Condemns Houthi Attempt to Target Mecca

President al-Alimi: Holding Committers of Grave Human Rights Violations Accountable for Their Crimes, ..

Latvia: Iran's Support for Houthis Contributes to Destabilize Regional Stability

Cabinet convenes on Saudi brotherly bailout

[17/01/2018 05:50]

ADEN-SABA
Yemen's Cabinet held a meeting in Aden on Wednesday onthe brotherly Saudi bailout in the form of a $2 billion deposit to stabilize the country's currency.

Earlier in the day Saudi Arabia’s King Salman bin Abdulaziz Al Saud ordered the amount to be deposited into the Central Bank of Yemen to stabilize the Yemeni Riyalwhich declined to unprecedented lows, the rial traded at 500 to the dollar this week.

"In the name of the Cabinet, I highly appreciate the orders of King Salman bin Abdulaziz Al Saud to deposit $2 billion into the Central Bank in order to lift the suffering of the Yemeni people," said Prime Minister Ahmed bin-Daghr at the opening of the Cabinet's meeting.

Bin-Daghr also thanked President Abd-Rabbu Mansour Hadi for his follow-up on this generous Saudi aid.

The Cabinet said "this generous support comes at a time we are facing complicated economic circumstances as a result of the war ignited by Iran's proxies and tools in Yemen – the Houthi rebel militia."