13 Hrs
Source:
الاقتصادية
Saudi Arabia allocates 224M Riyals to Yemen
Saudi Arabia has provided a new tranche of financial support to the Yemeni government’s budget, amounting to over 224 million Saudi Riyals, aimed at bridging the budget deficit, covering public sector salaries, and strengthening financial and economic stability in Yemen. Additionally, in the previous period, support was extended with 1.9 billion Riyals in January and 1.3 billion Riyals in February to bolster government spending and improve economic conditions. Support has also been provided to the energy sector through oil derivative grants totaling approximately $802 million since 2018, with the goal of stabilizing essential services and enhancing quality of life. These aid measures are intended to promote economic reforms, stimulate growth, and reduce poverty in Yemen.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)