عربي English Türkçe اردو فارسى
Logo
Latest News
Arab World

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)
TT
20
TT

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.

Most Viewed

 
Arab World

Syrian Army Takes Control of Tishrin Dam from SDF

Syria's Tishrin Dam. (File photo)
Syria's Tishrin Dam. (File photo)
TT
20
TT

Syrian Army Takes Control of Tishrin Dam from SDF

Syria's Tishrin Dam. (File photo)
Syria's Tishrin Dam. (File photo)

Syrian army troops have deployed near the Tishrin Dam in the eastern countryside of Aleppo province, setting up military positions in what appears to be a step toward assuming control of the facility from the US-backed Syrian Democratic Forces (SDF).

Pro-government broadcaster Syria TV cited an official source on Monday as saying the military had entered the outskirts of the Tishrin Dam area and established military outposts in preparation for a handover of the strategic site.

The dam, located near the city of Manbij, has been under the control of the Kurdish-led SDF, which played a key role in the fight against ISIS in northern Syria with the backing of the US-led coalition.

Syria’s transitional president, Ahmed al-Sharaa, and SDF leader Mazloum Abdi signed an agreement on March 10 aimed at integrating all civil and military institutions of the Kurdish-led autonomous administration in northern and northeastern Syria into the Syrian state.

Syrian authorities, the SDF, and Türkiye had reached an agreement, brokered by the United States, for the transfer of the Tishrin Dam to the Syrian government.

Under the deal, the military will deploy forces around the dam, while teams from Damascus have already begun maintenance and upgrading works on the facility.

The agreement aims to bring an end to the fighting that had erupted between Syrian factions loyal to Türkiye, which have integrated into the Syrian army, and the SDF. The clashes, which had persisted for over three months since December 12, have now subsided.

On Thursday, Türkiye’s Ministry of Defense announced that Ankara is closely monitoring the implementation of the agreement regarding the handover of the dam.

The deployment of Syrian forces around the dam comes amid reports of renewed tensions in the area, which had been relatively calm for nearly a month. Syria’s state-run Syria TV reported that the military had sent reinforcements to areas previously affected by clashes with the SDF.

Additionally, reports said the SDF and Syrian forces were on alert after Turkish drones launched an attack near the dam, following the death of a fighter from Türkiye-backed factions in the region. The situation continues to evolve as both sides remain on edge in the strategic area.