17 Hrs
Source:
الاقتصادية
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Saudi Arabia allocates 224M Riyals for Yemen budget support
Saudi Arabia has provided a new installment of financial support to the Yemeni government’s budget, amounting to more than 224 million Saudi riyals, aimed at covering the budget deficit, paying government employees’ salaries, and improving the economic situation in Yemen. Additionally, the Kingdom has sent developmental aid totaling 1.9 billion riyals since January. The Yemeni oil sector received support of $150 million in May through oil derivatives to promote stability in electricity services and improve the quality of life. Since 2018, the total Saudi oil grants to Yemen have reached approximately $802 million, intended to support the energy sector and economic stability.
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