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ECHOnigeria Forum / Naija Info / Saudi announces $2bn bailout for Yemen govt (1 Post | 398 Views)
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Saudi announces $2bn bailout for Yemen govt by Ridwan(m) : 3:01 pm |
“To address the deteriorating economic situation faced by the Yemeni people as a result of the actions of the Iranian-backed Huthi militias, King Salman bin Abdulaziz has issued a directive to transfer a $2 billion 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 Yemen’s internationally recognised government. Source : (AFP)
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