Yemen Receives 2nd $250 Mln Tranche of Saudi Grant

A view of the Central Bank of Yemen in Aden, Yemen (File Photo: Reuters)
A view of the Central Bank of Yemen in Aden, Yemen (File Photo: Reuters)
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Yemen Receives 2nd $250 Mln Tranche of Saudi Grant

A view of the Central Bank of Yemen in Aden, Yemen (File Photo: Reuters)
A view of the Central Bank of Yemen in Aden, Yemen (File Photo: Reuters)

Yemen received a second $250 million installment from a Saudi grant on Sunday to support salary payments.

Under the directives of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al-Saud, and Crown Prince Mohammed bin Salman bin Abdulaziz Al-Saud, the Yemeni government has received $250 million as the second installment of the grant, the Saudi Press Agency reported.

It said the support provided by the Kingdom demonstrates its dedication to promoting security, stability, and prosperity for the people of Yemen.

The support aims to bolster the Yemeni government’s budget, enhance the purchasing power of its citizens, and contribute to economic recovery in Yemen.

In August 2023, Yemen requested economic assistance from Saudi Arabia to address its budget deficit and ensure food security. In response, Saudi Arabia announced its support, amounting to $1.2 billion. “This aid will be utilized to support salaries, wages, operational expenses, and overall economic stability in Yemen,” SPA said.

The Kingdom has provided a total of approximately $11.2 billion in direct economic and developmental support from 2012 to 2023. The budget deficit support has had significant economic impacts, such as enhancing the living conditions of Yemeni citizens, bolstering the capacity of the Yemeni government, implementing economic reform programs, and empowering the Central Bank of Yemen through the activation of monetary policy tools.



Israel Orders Evacuation of Area Designated as Humanitarian Zone in Gaza

 A picture taken in Deir al-Balah in the central Gaza Strip shows smoke billowing during Israeli army operations in areas east of Khan Younis city on July 26, 2024, amid the ongoing conflict between Israel and the Palestinian Hamas movement. (AFP)
A picture taken in Deir al-Balah in the central Gaza Strip shows smoke billowing during Israeli army operations in areas east of Khan Younis city on July 26, 2024, amid the ongoing conflict between Israel and the Palestinian Hamas movement. (AFP)
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Israel Orders Evacuation of Area Designated as Humanitarian Zone in Gaza

 A picture taken in Deir al-Balah in the central Gaza Strip shows smoke billowing during Israeli army operations in areas east of Khan Younis city on July 26, 2024, amid the ongoing conflict between Israel and the Palestinian Hamas movement. (AFP)
A picture taken in Deir al-Balah in the central Gaza Strip shows smoke billowing during Israeli army operations in areas east of Khan Younis city on July 26, 2024, amid the ongoing conflict between Israel and the Palestinian Hamas movement. (AFP)

Israel’s military ordered the evacuation Saturday of a crowded part of Gaza designated as a humanitarian zone, saying it is planning an operation against Hamas militants in Khan Younis, including parts of Muwasi, a makeshift tent camp where thousands are seeking refuge.

The order comes in response to rocket fire that Israel says originates from the area. It's the second evacuation issued in a week in an area designated for Palestinians fleeing other parts of Gaza. Many Palestinians have been uprooted multiple times in search of safety during Israel's punishing air and ground campaign.

On Monday, after the evacuation order, multiple Israeli airstrikes hit around Khan Younis, killing at least 70 people, according to Gaza’s Health Ministry, citing figures from Nasser Hospital.

The area is part of a 60-square-kilometer (roughly 20-square-mile) “humanitarian zone” to which Israel has been telling Palestinians to flee to throughout the war. Much of the area is blanketed with tent camps that lack sanitation and medical facilities and have limited access to aid, United Nations and humanitarian groups say. About 1.8 million Palestinians are sheltering there, according to Israel's estimates. That's more than half Gaza’s pre-war population of 2.3 million.

The war in Gaza has killed more than 39,100 Palestinians, according to the territory’s Health Ministry, which doesn’t distinguish between combatants and civilians in its count. The UN estimated in February that some 17,000 children in the territory are now unaccompanied, and the number is likely to have grown since.

The war began with an assault by Hamas fighters on southern Israel on Oct. 7 that killed 1,200 people, most of them civilians, and took about 250 hostages. About 115 are still in Gaza, about a third of them believed to be dead, according to Israeli authorities.