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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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Italy Plans to Return Ambassador to Syria to Reflect New Diplomatic Developments, Minister Says

Italy's Foreign Minister Antonio Tajani speaks while meeting with members of the G7, on July 11, 2024, during the NATO summit in Washington. (AP)
Italy's Foreign Minister Antonio Tajani speaks while meeting with members of the G7, on July 11, 2024, during the NATO summit in Washington. (AP)
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Italy Plans to Return Ambassador to Syria to Reflect New Diplomatic Developments, Minister Says

Italy's Foreign Minister Antonio Tajani speaks while meeting with members of the G7, on July 11, 2024, during the NATO summit in Washington. (AP)
Italy's Foreign Minister Antonio Tajani speaks while meeting with members of the G7, on July 11, 2024, during the NATO summit in Washington. (AP)

Italy plans to send an ambassador back to Syria after a decade-long absence, the country’s foreign minister said, in a diplomatic move that could spark divisions among European Union allies.

Foreign Minister Antonio Tajani, speaking in front of relevant parliamentary committees Thursday, announced Rome’s intention to re-establish diplomatic ties with Syria to prevent Russia from monopolizing diplomatic efforts in the Middle Eastern country.

Moscow is considered a key supporter of Syrian President Bashar Assad, who has remained in power despite widespread Western isolation and civilian casualties since the start of Syria’s civil war in March 2011.

Peaceful protests against the Assad government — part of the so-called “Arab Spring” popular uprisings that spread across some of the Middle East — were met by a brutal crackdown, and the uprising quickly spiraled into a full-blown civil war.

The conflict was further complicated by the intervention of foreign forces on all sides and a rising militancy, first by al-Qaida-linked groups and then the ISIS group until its defeat on the battlefield in 2019.

The war, which has killed nearly half a million people and displaced half the country’s pre-war population of 23 million, is now largely frozen, despite ongoing low-level fighting.

The country is effectively carved up into areas controlled by the Damascus-based government of Assad, various opposition groups and Syrian Kurdish forces.

In the early days of the conflict, many Western and Arab countries cut off relations with Syria, including Italy, which has since managed Syria-related diplomacy through its embassy in Beirut.

However, since Assad has regained control over most of the territory, neighboring Arab countries have gradually restored relations, with the most symbolically significant move coming last year when Syria was re-admitted to the Arab League.

Tajani said Thursday the EU’s policy in Syria should be adapted to the “development of the situation,” adding that Italy has received support from Austria, Croatia, Greece, the Czech Republic, Slovenia, Cyprus and Slovakia.

However, the US and allied countries in Europe have largely continued to hold firm in their stance against Assad’s government, due to concerns over human rights violations.