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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)
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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.

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Erdogan Says Türkiye Can ‘Crush’ All Terrorists in Syria

Türkiye's President Recep Tayyip Erdogan gives a press conference during the G20 Leaders' Meeting in Rio de Janeiro, Brazil, on November 19, 2024. (AFP)
Türkiye's President Recep Tayyip Erdogan gives a press conference during the G20 Leaders' Meeting in Rio de Janeiro, Brazil, on November 19, 2024. (AFP)
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Erdogan Says Türkiye Can ‘Crush’ All Terrorists in Syria

Türkiye's President Recep Tayyip Erdogan gives a press conference during the G20 Leaders' Meeting in Rio de Janeiro, Brazil, on November 19, 2024. (AFP)
Türkiye's President Recep Tayyip Erdogan gives a press conference during the G20 Leaders' Meeting in Rio de Janeiro, Brazil, on November 19, 2024. (AFP)

President Recep Tayyip Erdogan warned on Wednesday that Türkiye had the power and ability to "crush" all terrorists in Syria, including ISIS and Kurdish militants, while urging all countries to "take their hands off" Syria.

Since last month's fall of Bashar al-Assad, Türkiye has said repeatedly it was time for the Kurdish YPG militia to disband. Ankara considers the group, which spearheads the US-allied Syrian Democratic Forces (SDF), as a terrorist organization.

Ankara has said the new Syrian administration must be given an opportunity to address the YPG presence, but also threatened to mount a new cross-border operation against the militia based in northeast Syria if its demands are not met.

Speaking in parliament, Erdogan said the YPG was the biggest problem in Syria now, and added that the group would not be able to escape its inevitable end unless it lays down its arms.

"Regarding fabricated excuses like ISIS, these have no convincing side anymore," Erdogan said, referring to the US position that the YPG was a key partner against ISIS in Syria and that it plays a vital role guarding prison camps where the extremist militants are kept.

"If there is really a fear of the ISIS threat in Syria and the region, the biggest power that has the will and power to resolve this issue is Türkiye," he said.

"Everyone should take their hands off Syria and we, along with our Syrian siblings, will crush the heads of ISIS, the YPG and other terrorist organizations in a short time."

Türkiye has repeatedly asked its NATO ally the United States to halt support for the SDF, and has said the new administration in Syria had offered to take over the management of the prisons.