Breaking News
The latest donation will contribute towards alleviating the economic burden of Yemenis and follows a previous $3 billion grant the kingdom provided to the Central Bank of Yemen, state news agency WAM reported.
Vast wealth and the promise of dramatic change make for cautious optimism concerning Saudi Arabia, the chief executive…
1861 Views | the publication reaches you by | Saudi Arabia TodayThe new deposit comes less than two weeks after the central bank in the government’s de facto capital of Aden raised interest rates on deposits to an all-time high of 27 percent after the riyal slid more than 36 percent since January.
The slide has seen a sharp rise in food and fuel prices that triggered protests across the government-held south in early September and prompted the government to raise public sector salaries by 30 percent.
In June, two relief planes were dispatched by the King Salman Humanitarian Aid and Relief Centre carrying food and shelter materials to Aden, Yemen.
This was the first Saudi airlift to the Yemeni people.
150 take part through Watani Al Emarat via the ‘Your City Needs You’ initiative Over 150 volunteers –…
1617 Views | the publication reaches you by | Saudi Arabia Today
Do you have information you want to reach our readers?
You can subscribe to our Facebook, Twitter and Google pages or use our RSS feed channel to always read the most important news about Saudi Arabia, the Gulf and the world.
The Arab states of the Persian Gulf are the seven Arab states which border the Persian Gulf, namely Bahrain, Iraq, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates (UAE).This excludes the non-Arab state of Iran. All of these nations except Iraq are part of the Gulf Cooperation Council (GCC).
