عربي English Türkçe اردو فارسى
Logo
Latest News
Gulf

Saudi Arabia, UAE, Kuwait Pledge $2.5 Billion Economic Aid Package to Jordan

Jordanian King Abdullah II received on Thursday the finance ministers of Saudi Arabia, Kuwait, and the United Arab Emirates/Petra news agency
Jordanian King Abdullah II received on Thursday the finance ministers of Saudi Arabia, Kuwait, and the United Arab Emirates/Petra news agency
TT
TT

Saudi Arabia, UAE, Kuwait Pledge $2.5 Billion Economic Aid Package to Jordan

Jordanian King Abdullah II received on Thursday the finance ministers of Saudi Arabia, Kuwait, and the United Arab Emirates/Petra news agency
Jordanian King Abdullah II received on Thursday the finance ministers of Saudi Arabia, Kuwait, and the United Arab Emirates/Petra news agency

Saudi Arabia, Kuwait and the United Arab Emirates placed on Thursday $1.16 billion in deposits at the Central Bank of Jordan as part of a $2.5 billion economic aid package to Amman over five years to support the budget, fund development projects, and provide credit guarantees to enable secure international financing.

The three countries pledged the aid package while Jordanian King Abdullah II received the finance ministers of Saudi Arabia, Kuwait, and the UAE, who are visiting Jordan to follow up on the outcomes of the Makkah Summit held in June to support the Kingdom’s economy.

During the meeting, King Abdullah thanked the three countries for their ongoing support for Jordan to enable it to cope with the economic burden it is shouldering as a result of regional crises.

He also affirmed the deep-rooted, brotherly ties between Jordan and these countries.

Riyadh's contribution to Amman included a grant agreement worth $250 million over five years to support the public budget to implement development projects and programs, in addition to signing a deposit agreement at the Central Bank of Jordan worth $333.3 million.

In total, the three countries pledged $1.16 billion in deposits at Central Bank, $550 million in soft financing for development projects, $200 million in credit guarantees to the World Bank to help Jordan secure soft loans and $500 million in grants to support the budget over five years for the implementation of development projects.

Kuwait has also announced plans to reschedule $300 million worth of loans for a period of 40 years.

During a meeting with the three Arab Gulf countries' finance ministers, Deputy Prime Minister and Minister of State, Rajai Muasher said the support of the brotherly countries aims to address the current economic conditions facing Jordan resulting from the instability in the region and its repercussions on the Kingdom.

For his part, Jordanian Finance Minister Ezzedine Kanakrieh said the grants to the budget will help reduce the deficit and the loans will be used for development projects, noting the deposits that will be transferred to the Central Bank of Jordan will help support the bank's foreign currencies reserves, which will reflect positively on the economy.

Most Viewed

 
 
Gulf

Saudi Defense Minister: Time for STC to Withdraw from Yemen's Hadhramaut and Al-Mahra

Saudi Defense Minister Prince Khalid bin Salman. (Asharq Al-Awsat)
Saudi Defense Minister Prince Khalid bin Salman. (Asharq Al-Awsat)
TT
TT

Saudi Defense Minister: Time for STC to Withdraw from Yemen's Hadhramaut and Al-Mahra

Saudi Defense Minister Prince Khalid bin Salman. (Asharq Al-Awsat)
Saudi Defense Minister Prince Khalid bin Salman. (Asharq Al-Awsat)

Saudi Defense Minister Prince Khalid bin Salman said on Saturday it “was time for the Southern Transitional Council in Yemen to listen to reason and prioritize public interest and unity of ranks and respond to the Saudi-Emirati mediation to end the escalation.”

In a post on the X platform, he called on the STC to withdraw its forces from the eastern Hadhramaut and al-Mahra provinces and restore control to the National Shield and local authorities.

Prince Khalid said Saudi Arabia formed the Arab coalition to restore legitimacy in Yemen to help the country reclaim control over all of its territories.

The liberation of southern provinces was a pivotal development towards that goal, he stressed.

Saudi Arabia “views the southern issue as fundamental” to Yemen and it will not “exploit it in conflicts that do not serve” the nation, he added.

The Kingdom had brought together all Yemeni components to the Riyadh conference to come up with a clear path for a comprehensive political solution, including the southern issue, he went on to say.

The conference paved the way for a “just solution to their cause through dialogue and without the use of forces.”

“Saudi Arabia approved the decision to move the base of power so that the southerners could have a greater role in state institutions. It consolidated partnership instead of elimination or imposing a status quo through forces. Saudi Arabia also presented Yemen with economic support, as well as development and humanitarian initiatives that helped ease the suffering of the people,” Prince Khalid added.

“Saudi Arabia and its partners in the coalition offered sacrifices with their Yemeni brothers in liberating Aden and other provinces,” he noted. “The Kingdom has always sought that these sacrifices be made in the name of reclaiming territories and restoring the state, not as a path towards new conflicts.”

It had hoped that these sacrifices would have been “invested in the security of all Yemeni people, not exploited for petty gains, whereby the unfortunate developments in Hadhramaut and al-Mahra since the beginning of December 2025 have led to the division in ranks that should be united against the enemy.”

“The developments have laid waste to the sacrifices of our sons and Yemeni people and have harmed the just southern issue,” stressed Prince Khalid.

He noted that several southern leaderships and figures have exhibited “awareness and wisdom in supporting efforts to end the escalation in Hadhramaut and al-Mahra and prevent the secure southern provinces from being dragged into futile conflicts.”

“They are aware of the major challenges facing Yemen and will not allow saboteurs to achieve their goals in the country and the region,” he remarked.

He declared that the “southern issue will remain part of any comprehensive political solution. The cause will not be neglected or marginalized. It should be resolved through consensus, adhering to commitments and building trust between all Yemeni segments, not through adventures that only serve everyone's enemy.”

Gulf

Arab Coalition: We Will Deal with Military Moves that Violate De-escalation Efforts

Coalition spokesman Brigadier General Turki al-Malki. (SPA)
Coalition spokesman Brigadier General Turki al-Malki. (SPA)
TT
TT

Arab Coalition: We Will Deal with Military Moves that Violate De-escalation Efforts

Coalition spokesman Brigadier General Turki al-Malki. (SPA)
Coalition spokesman Brigadier General Turki al-Malki. (SPA)

Spokesman of the Arab coalition to support legitimacy in Yemen Brigadier General Turki al-Malki said on Saturday that “any military moves that violate de-escalation efforts will be dealt with directly to protect lives and ensure the success of Saudi and Emirati efforts.”

The statement is in response to a request by Yemen’s Presidential Leadership Council Chairman Dr. Rashad al-Alimi, who called for immediate steps to protect civilians in the eastern Hadhramaut and al-Mahra provinces in wake of the “grave and horrific” violations by members of the Southern Transitional Council (STC).

It is also in continuation of the strenuous joint efforts by Saudi Arabia and the United Arab Emirates to de-escalate the situation and ensure the withdrawal of STC forces, who have been demanded to cede control to the National Shield forces and allow the local authorities to carry out their duties.

Malki underlined the Arab coalition’s continued firm support for the legitimate Yemeni government.

He also urged all sides to assume their national responsibility, exercise restraint and comply with efforts to reach peaceful solutions that preserve security and stability.

Gulf

Saudi Arabia Carries out Warning Strike on Yemen’s Hadhramaut, STC Says ‘Open to Coordination’

Southern forces patrol during a rally calling for South Yemen's independence, in the southern port city of Aden, Yemen, 25 December 2025. (EPA)
Southern forces patrol during a rally calling for South Yemen's independence, in the southern port city of Aden, Yemen, 25 December 2025. (EPA)
TT
TT

Saudi Arabia Carries out Warning Strike on Yemen’s Hadhramaut, STC Says ‘Open to Coordination’

Southern forces patrol during a rally calling for South Yemen's independence, in the southern port city of Aden, Yemen, 25 December 2025. (EPA)
Southern forces patrol during a rally calling for South Yemen's independence, in the southern port city of Aden, Yemen, 25 December 2025. (EPA)

Saudi Arabia called for calm in eastern Yemen, urging an end to unilateral military moves and for the Southern Transitional Council (STC) forces to return to their former positions outside of the Hadhramaut and al-Mahra provinces.

Riyadh, meanwhile, demonstrated its stance on the ground by carrying out a warning air strike, informed sources told Asharq Al-Awsat.

The strike sought to deliver a message that it will not allow a new status quo to be imposed on the ground by force and that it will not allow the violation of institutional frameworks that handle security in the eastern provinces.

It warned that any further escalation will be met with firmer measures.

Meanwhile, the STC, in an attempt to justify its military moves, said they were in “response to calls from residents of the south” and an attempt to confront terrorist threats and block Houthi smuggling routes.

The STC added that it was “open to any coordination or arrangements with Saudi Arabia”, questioning the airstrike, which it said “does not serve understandings.”

Observers told Asharq Al-Awsat that Saudi Arabia will welcome the coordination and arrangements if they helped end the escalation, led to the withdrawal of the STC and allowed the National Shield forces and the local authority to take over Hadhramaut and al-Mahra without needing to resort to force.

They stressed that the strike will lead to delivering the clear message that Riyadh may impose red lines by force to prevent any escalation.

Sourced told Asharq Al-Awsat that any future settlement over restoring the unity of Yemeni ranks will condition a return to the former status quo.