… Announces $500m economic support to Yemen
The Saudi Council of Ministers on Tuesday called upon the international community to hold the occupying Israeli authorities accountable for the grave violations being committed against innocent civilians and Islamic holy sites in Palestine.
Custodian of the Two Holy Mosques King Salman Bin AbdulAzeez chaired the Cabinet session held in Riyadh, Saudi Arabia’s capital.
In a statement to the Saudi Press Agency following the session, Minister of Media Salman Al-Dossary emphasized the Cabinet’s strong condemnation of the ongoing Israeli attacks on Al-Aqsa Mosque in Jerusalem.
The Cabinet unequivocally rejected and condemned any attempt at altering Jerusalem’s historical and legal status.
The Council reiterated support for the Palestinian people while drawing attention to the statement of the extraordinary meeting of the GCC Ministerial Council that emphasized the need for a successful ceasefire in Gaza, in addition to respecting Syria’s sovereignty and independence, and rejecting foreign interference in this country’s internal affairs.
At the outset of the session, the Cabinet was briefed on recent talks that the Kingdom held with friendly nations, including the message received by King Salman from Russian President Vladimir Putin.
The Cabinet discussed regional and international developments, and emphasized the Kingdom’s continuous efforts to foster cooperation through bilateral relations and its membership in multilateral organizations and groups, and all its endeavors aimed to address global challenges, promote security, and advance prosperity in the region and beyond.
Al-Dossary also said the Cabinet stressed that the newly announced economic assistance to Yemen reflects the Kingdom’s commitment to stability in Yemen, and helping the Yemeni people progress.
On Friday, Saudi Arabia announced new economic support worth $500 million. It comprises a $300 million deposit into the Central Bank of Yemen to improve economic and financial conditions and $200 million to address its budget deficit, the Saudi Press Agency reported.
The cabinet said the support aimed to strengthen Yemen’s economic, financial and monetary foundations, build the capacity of government institutions and empower the private sector to drive sustainable growth and create job opportunities
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