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Saudi Arabia Sponsors Comprehensive Economic Reform in Yemen with $ 1Bln

The AMF, under the sponsorship of Saudi Arabia, signed a $1 billion agreement with the Yemeni government to revitalize its economy. (Saba News Agency)
The AMF, under the sponsorship of Saudi Arabia, signed a $1 billion agreement with the Yemeni government to revitalize its economy. (Saba News Agency)
    Riyadh –Omar al-Badwi – Aden – Mohammed Nasser
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Saudi Arabia Sponsors Comprehensive Economic Reform in Yemen with $ 1Bln

The AMF, under the sponsorship of Saudi Arabia, signed a $1 billion agreement with the Yemeni government to revitalize its economy. (Saba News Agency)
The AMF, under the sponsorship of Saudi Arabia, signed a $1 billion agreement with the Yemeni government to revitalize its economy. (Saba News Agency)

Sponsored by Saudi Arabia, the Arab Monetary Fund (AMF) signed a $1 billion agreement to support Yemen's economic reform program. The new package will help rebuild institutions and strengthen governance and transparency.

Together with the signing of the agreement, the Yemeni rial’s exchange rate in the interim capital, Aden, and other liberated areas witnessed remarkable improvement against foreign currencies, money exchangers told Asharq Al-Awsat.

The agreement was signed in the presence of Saudi Arabia’s Minister of Finance Mohammed Al-Jadaan and Saudi Ambassador to Yemen, Mohammed Al Jaber, who is also the Supervisor General of Saudi Development and Reconstruction Program of Yemen (SDRPY).

The Yemeni finance minister, the central bank governor and the AMF chairman signed the agreement in the headquarters of the Saudi finance ministry in Riyadh.

The program is set to provide support for the Yemeni government's efforts to stabilize the economy from 2022 to 2025.

It aims to establish the foundations of economic, financial, and monetary stability in Yemen.

AMF Director General Chairman of the Board Abdulrahman Al Hamidy valued Saudi Arabia’s support to achieve economic, monetary, and financial stability in the countries of the region and abroad.

Al Hamidy noted that Saudi Arabia’s active membership in the G20 has strengthened the Kingdom’s international role, making it the largest supporter of Arab and regional financial institutions.

According to Al Hamidy, the program also focuses on a package of reforms aimed at strengthening the financial position of the Yemeni government, developing the financial and banking sector, creating an enabling environment to enhance the role of the private sector, and involving it in the process of sustainable economic development.

Salem Saleh Bin Braik, the Yemeni finance minister, reaffirmed that Saudi Arabia’s support for Yemen is longstanding.

Braik pointed out that Saudi Arabia’s support comes at a time when Yemen and its people are in dire need, especially considering the Houthi terrorist group’s insistence on inflicting more hardships on Yemenis.

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Gulf

Saudi Arabia Condemns RSF Attacks on Civilians and Aid Convoys in Sudan

An elderly man picks up his food aid ration at the Umdulu Camp, in Engpung County, Sudan, January 30, 2026. (Karl Schembri/Norweigan Refugee Council/Handout via Reuters)
An elderly man picks up his food aid ration at the Umdulu Camp, in Engpung County, Sudan, January 30, 2026. (Karl Schembri/Norweigan Refugee Council/Handout via Reuters)
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Saudi Arabia Condemns RSF Attacks on Civilians and Aid Convoys in Sudan

An elderly man picks up his food aid ration at the Umdulu Camp, in Engpung County, Sudan, January 30, 2026. (Karl Schembri/Norweigan Refugee Council/Handout via Reuters)
An elderly man picks up his food aid ration at the Umdulu Camp, in Engpung County, Sudan, January 30, 2026. (Karl Schembri/Norweigan Refugee Council/Handout via Reuters)

Saudi Arabia strongly condemned on Saturday the Rapid Support Forces’ attack against a humanitarian aid convoy in Sudan’s Kordofan.

A Foreign Ministry statement said the Kingdom expressed its strong condemnation of the attack against Al-Kuweik Military Hospital, a humanitarian aid convoy affiliated with the World Food Program, and a vehicle transporting displaced civilians.

“These acts are unjustifiable under any circumstances and are flagrant violations of all humanitarian norms and relevant international agreements,” it stressed.

“The Kingdom called on the RSF to immediately cease these violations and to fulfill their moral and humanitarian obligations by ensuring the safe and unhindered delivery of humanitarian assistance to those in need, in accordance with international humanitarian law and the Jeddah Declaration signed on May 11, 2023,” it added.

The Kingdom reiterated its firm position in support of Sudan’s unity, security, and stability, the need to preserve its legitimate institutions.

It voiced its rejection of “foreign interference and the continued actions of certain parties in supplying illicit weapons, mercenaries, and foreign fighters, despite their stated support for a political solution,” saying such “conduct is a primary factor in prolonging the conflict and exacerbating the suffering of the Sudanese people.”

A drone attack by the RSF hit a vehicle carrying displaced families in central Sudan Saturday, killing at least 24 people, including eight children, a doctors’ group said, a day after a World Food Program aid convoy was targeted.

The attack occurred close to the city of Rahad in North Kordofan province, said the Sudan Doctors Network, which tracks the country’s ongoing war. The vehicle was transporting displaced people who fled fighting in the Dubeiker area, the group said in a statement. Among the dead children were two infants.

Gulf

OIC Condemns Terrorist Bombing of Mosque in Islamabad

A Pakistani man reacts as people attend a protest against the suicide bomb blast that killed dozens of people, in Peshawar, Pakistan, 07 February 2026. (EPA)
A Pakistani man reacts as people attend a protest against the suicide bomb blast that killed dozens of people, in Peshawar, Pakistan, 07 February 2026. (EPA)
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OIC Condemns Terrorist Bombing of Mosque in Islamabad

A Pakistani man reacts as people attend a protest against the suicide bomb blast that killed dozens of people, in Peshawar, Pakistan, 07 February 2026. (EPA)
A Pakistani man reacts as people attend a protest against the suicide bomb blast that killed dozens of people, in Peshawar, Pakistan, 07 February 2026. (EPA)

The Organization of Islamic Cooperation (OIC) General Secretariat strongly condemned on Saturday the terrorist bombing that targeted a mosque in Islamabad.

The secretariat stressed its categorical rejection of terrorism in all its forms, especially those targeting places of worship.

It underlined its firm stance in condemning these criminal acts, which are contrary to human values and religious principles.

The OIC offered its sincere condolences to the government and people of Pakistan and to the families of the victims.

It also reiterated its full solidarity with Pakistan in its efforts to combat terrorism and boost its security and stability.

At least 30 people killed in a suicide bombing at a Muslim mosque during Friday prayers.

Gulf

Bahrain, France Sign Defense Cooperation Agreement

Sheikh Nasser bin Hamad Isa Al Khalifa, Bahrain's King Hamad bin Isa Al Khalifa, France's President Emmanuel Macron and Junior Minister at the Ministry of Defense, Alice Rufo, pose after signing a bilateral agreement at the Elysee Palace in Paris, France, February 6, 2026. (Thibault Camus/Pool via Reuter)
Sheikh Nasser bin Hamad Isa Al Khalifa, Bahrain's King Hamad bin Isa Al Khalifa, France's President Emmanuel Macron and Junior Minister at the Ministry of Defense, Alice Rufo, pose after signing a bilateral agreement at the Elysee Palace in Paris, France, February 6, 2026. (Thibault Camus/Pool via Reuter)
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Bahrain, France Sign Defense Cooperation Agreement

Sheikh Nasser bin Hamad Isa Al Khalifa, Bahrain's King Hamad bin Isa Al Khalifa, France's President Emmanuel Macron and Junior Minister at the Ministry of Defense, Alice Rufo, pose after signing a bilateral agreement at the Elysee Palace in Paris, France, February 6, 2026. (Thibault Camus/Pool via Reuter)
Sheikh Nasser bin Hamad Isa Al Khalifa, Bahrain's King Hamad bin Isa Al Khalifa, France's President Emmanuel Macron and Junior Minister at the Ministry of Defense, Alice Rufo, pose after signing a bilateral agreement at the Elysee Palace in Paris, France, February 6, 2026. (Thibault Camus/Pool via Reuter)

Bahrain and France signed on Friday a joint defense cooperation agreement during talks between King Hamad bin Isa Al Khalifa met with President Emmanuel Macron in Paris.

The French presidency said the agreement consolidates cooperation in the field of defense, training and exchange of strategic information.

“This agreement will ⁠also open ‌up ‍new ‍opportunities for industrial ‍cooperation in defense, and strengthen solidarity between our two countries in a ⁠global and regional geopolitical context marked by increasing tensions,” it added.

The agreement was signed by Bahrain’s National Security Adviser and Secretary General of the Supreme Defense Council Sheikh Nasser bin Hamad Al Khalifa and France’s Minister Delegate to the Minister of the Armed Forces and Veterans Alice Rufo.

Macron highlighted the depth of the historical relations between Bahrain and France, as well as the progress achieved across various domains in support of common interests, reported Bahrain’s state news agency (BNA).

For his part, King Hamad commended the French president’s keenness to strengthen relations between the two countries.

The talks also addressed means to bolster bilateral relations across all sectors to achieve shared interests.

Both sides commended the efforts of the Joint Bahraini-French High Committee. They highlighted the positive outcomes achieved in advancing cooperation and underlined the importance of continuing the committee’s work to expand cooperation across various domains.

The talks addressed regional and international developments, and efforts aimed at resolving conflicts through dialogue and diplomatic solutions and reducing tensions.