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.



Aoun Leading Efforts to Avert Shiite Boycott of New Lebanese Govt

A handout photo made available by the Lebanese Presidency Press Office shows Lebanese President Joseph Aoun (C) attending a meeting with Lebanese parliament Speaker Nabih Berri (L) and Prime Minister-designate Nawaf Salam at the Presidential Palace in Baabda, Lebanon, 14 January 2025. (Lebanese Presidency Press Office)
A handout photo made available by the Lebanese Presidency Press Office shows Lebanese President Joseph Aoun (C) attending a meeting with Lebanese parliament Speaker Nabih Berri (L) and Prime Minister-designate Nawaf Salam at the Presidential Palace in Baabda, Lebanon, 14 January 2025. (Lebanese Presidency Press Office)
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Aoun Leading Efforts to Avert Shiite Boycott of New Lebanese Govt

A handout photo made available by the Lebanese Presidency Press Office shows Lebanese President Joseph Aoun (C) attending a meeting with Lebanese parliament Speaker Nabih Berri (L) and Prime Minister-designate Nawaf Salam at the Presidential Palace in Baabda, Lebanon, 14 January 2025. (Lebanese Presidency Press Office)
A handout photo made available by the Lebanese Presidency Press Office shows Lebanese President Joseph Aoun (C) attending a meeting with Lebanese parliament Speaker Nabih Berri (L) and Prime Minister-designate Nawaf Salam at the Presidential Palace in Baabda, Lebanon, 14 January 2025. (Lebanese Presidency Press Office)

Lebanon’s Prime Minister-designate Nawaf Salam arrived in Beirut on Tuesday to kick off parliamentary consultations to form a new government.

He assured that it will “not exclude anyone”, but seek “unity and partnership.”

Asharq Al-Awsat learned that President Joseph Aoun is leading efforts to avert a Shiite boycott of the new government after the “Shiite duo” of the Hezbollah and Amal movement, which is led by parliament Speaker Nabih Berri, refrained from naming Salam for the position of PM during Monday’s consultations.

Their abstention has raised fears that the new government will not be constitutional without the representation of the largest Shiite parties in the country.

Reports have said that the duo may boycott the parliamentary consultations to form a government that Salam will hold on Wednesday.

Sources said the duo may skip the first day of talks, which will conclude on Thursday, to demonstrate its “annoyance” with the developments.

Berri, however, told Asharq Al-Awsat that the “situation is not that negative”. He did not elaborate on the duo’s next steps.

Moreover, Asharq Al-Awsat learned that French President Macron had even intervened to avoid a dispute over the government, holding telephone talks with Aoun and Berri.

Salam’s appointment as prime minister came as a major shock given the large number of votes he won from the parliamentary blocs, compared to his predecessor Najib Mikati and against the will of the Shiite duo. In past years, Hezbollah has repeatedly blocked Salam from becoming prime minister.

Aoun stressed the need to “avoid placing obstacles in the government formation process.”

Aoun held a meeting with Salam at the presidential palace on Tuesday before later being joined by Berri, who left the palace without making a statement.

After the talks, Salam spoke before reporters to express his gratitude to parliament and the people for entrusting him with the “difficult task of serving Lebanon” and “achieving the people’s dreams.”

“It is time to open a new chapter that is rooted in justice, security, progress and opportunity, so that Lebanon can be a nation of free people who are equal under their rights,” he added.

On the possible boycott of the Shiite duo, he said he was against exclusion and on the contrary supported unity. “This is my sincere call, and my hands are extended to everyone,” he added.

The formation of a government in Lebanon often takes months due to political wrangling.

Aoun said on Tuesday that Lebanon has a “very major opportunity that we should all seize.”

He received a delegation from the Supreme Islamic Shiite Council.

“Obstacles must not be placed in the formation process,” he urged. “We must send positive signals to the international community that Lebanon can govern itself, carry out reconstruction transparently and build the state that we are all calling for.”

“If one segment of Lebanon is broken, then the whole country will break,” he stressed, saying Monday’s consultations to appoint Salam were a democratic process and that the public interest remains the top priority.

Aoun, who was elected last week, added that he has declined visits from well-wishers over his election “out of respect for the martyrs” who were killed during Israel’s war on Lebanon, which ended with a ceasefire in November.