HomeEconomySaudi, UAE pledge $3 billion to Yemen
By Economy Middle East
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April 7, 2022 7:40 am

Saudi, UAE pledge $3 billion to Yemen

$300 million to support the UN humanitarian program in Yemen
Yemen
Yemen

Saudi announced that a decision has been taken for emergency support to the economy in Yemen, totaling $3 billion, as follows:

Firstly: $2 billion is pledged equally between the UAE and Saudi in support of Yemen’s Central Bank.

Secondly: Saudi will also provide $1 billion for the purchase of oil derivatives in addition to supporting urban and development projects.

Saudi also said it will provide $300 million to the UN humanitarian program in Yemen to alleviate the suffering of the Yemeni people and improve their living conditions.