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Saudi Arabia on Wednesday announced it would transfer $2 billion to Yemen's central bank, after desperate calls for funding from the war-torn country's president and prime minister.
“To address the deteriorating economic situation faced by the Yemeni people as a result of the actions of the Houthi rebels, King Salman bin Abdulaziz has issued a directive to transfer a $2bn deposit to the central bank of Yemen, in continuation of the kingdom's support of the Yemeni people,” the interior ministry said in a statement.
Saudi Arabia, which is facing a hefty budget deficit, leads a military coalition that is battling the Huthi rebels alongside the Yemen's internationally recognised government.
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Comments (8) Closed
Jan 17, 2018 02:39pm
Took some sensible step
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Jan 17, 2018 04:12pm
@Sameer for example?
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Jan 17, 2018 04:35pm
Putting up new taxes and doling generosity ??
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Jan 17, 2018 04:39pm
2 billion dollars is loose change for the Saudis, when they make 200 billion just from oil royalties.
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Jan 17, 2018 04:42pm
Create the chaos and now pay the price.
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Jan 18, 2018 12:27am
They have a reason for doling out the money.
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Jan 18, 2018 01:51am
Stop bombing them and lift the blockade first
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Jan 18, 2018 06:54am
modern day hypocrisy, first they blow up the country and starved millions of people, then provide aid !!
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