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Yemeni Officials Hail Saudi Arabia’s New Financial Support

Saudi Ambassador to Yemen Mohammed Al-Jaber and the Yemeni Finance Minister. SPA
Saudi Ambassador to Yemen Mohammed Al-Jaber and the Yemeni Finance Minister. SPA
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Yemeni Officials Hail Saudi Arabia’s New Financial Support

Saudi Ambassador to Yemen Mohammed Al-Jaber and the Yemeni Finance Minister. SPA
Saudi Ambassador to Yemen Mohammed Al-Jaber and the Yemeni Finance Minister. SPA

Yemeni officials have commended the new economic support of $1.2 billion announced by the Kingdom of Saudi Arabia to the country.

The economic aid aims to cover salaries and operational expenses as well as to ensure food security in Yemen.

Chairman of Yemen’s Presidential Leadership Council (PLC) Dr. Rashad Al-Alimi has said that the new Saudi support reaffirms the Kingdom's honorable stance, led by the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, and Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister.

He added that the economic aid reflects the Saudi leadership's commitment to supporting the Yemeni people, upholding their constitutional legitimacy, alleviating their humanitarian suffering, and safeguarding their legitimate rights in rebuilding state institutions, achieving peace, stability, and development in Yemen.

Al-Alimi emphasized that such a brotherly and humanitarian approach of the Kingdom consistently serves as a "safety valve not only for Yemen but also for the countries and peoples of the entire region, and for international peace and security.”

He also commended the efforts exerted by government institutions and the economic teams from the two countries, as well as the Saudi Development and Reconstruction Program for Yemen (SDRPY).

The chairman highlighted the new economic aid's contributions to achieving comprehensive reforms in various Yemeni sectors.

Saudi Ambassador to Yemen Mohammed Al-Jaber announced the $1.2 billion in financial aid on Tuesday to shore up the Yemeni currency, bolster the economy, and help the country pay its public employees, as well as for food and fuel imports.

Prime Minister Maeen Abdul Malik Saeed said his government will now be able to resolve the budget deficit, public employee payments, devaluation of the riyal, and food insecurity.

He thanked the Saudi leadership “for its unwavering support of Yemen’s government and people, as well as for its economic assistance to alleviate the suffering of our people and strengthen our national economy.”

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US Eases Restrictions on Syria While Keeping Sanctions in Place

A worker stands at a bakery after the ousting of Syria's Bashar al-Assad, in Damascus, Syria, January 6, 2025. (Reuters)
A worker stands at a bakery after the ousting of Syria's Bashar al-Assad, in Damascus, Syria, January 6, 2025. (Reuters)
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US Eases Restrictions on Syria While Keeping Sanctions in Place

A worker stands at a bakery after the ousting of Syria's Bashar al-Assad, in Damascus, Syria, January 6, 2025. (Reuters)
A worker stands at a bakery after the ousting of Syria's Bashar al-Assad, in Damascus, Syria, January 6, 2025. (Reuters)

The US on Monday eased some restrictions on Syria's transitional government to allow the entry of humanitarian aid after opposition factions ousted Syrian leader Bashar al-Assad last month.

The US Treasury issued a general license, lasting six months, that authorizes certain transactions with the Syrian government, including some energy sales and incidental transactions.

The move does not lift sanctions on the nation that has been battered by more than a decade of war, but indicates a limited show of US support for the new transitional government.

The general license underscores America's commitment to ensuring its sanctions “do not impede activities to meet basic human needs, including the provision of public services or humanitarian assistance,” a Treasury Department statement reads.

Since Assad's ouster, representatives from the nation's new de facto authorities have said that the new Syria will be inclusive and open to the world.

The US has gradually lifted some penalties since Assad departed Syria for protection in Russia. The Biden administration in December decided to drop a $10 million bounty it had offered for the capture of Ahmed al-Sharaa, the leader of the Hayat Tahrir al-Sham group whose forces led the ouster of Assad last month.

The announcement followed a meeting in Damascus between al-Sharaa, who was once aligned with al-Qaeda, and the top US diplomat for the Middle East, Barbara Leaf, who led the first US diplomatic delegation into Syria since Assad’s ouster. The US and UN have long designated HTS as a terrorist organization.

HTS led a lightning insurgency that ousted Assad on Dec. 8 and ended his family’s decades-long rule. From 2011 until Assad’s downfall, Syria’s uprising and civil war killed an estimated 500,000 people.

Much of the world ended diplomatic relations with Assad because of his crackdown on protesters, and sanctioned him and his Russian and Iranian associates.

Syria’s infrastructure has been battered, with power cuts rampant in the country and some 90% of its population living in poverty. About half the population won’t know where its next meal will come from, as inflation surges.

The pressure to lift sanctions has mounted in recent years as aid agencies continue to cut programs due to donor fatigue and a massive 2023 earthquake that rocked Syria and Türkiye. The tremor killed over 59,000 people and destroyed critical infrastructure that couldn’t be fixed due to sanctions and overcompliance, despite the US announcing some humanitarian exemptions.