{"id":83357,"date":"2024-02-12T00:00:00","date_gmt":"2024-02-12T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2024\/02\/12\/kingdom-drops-second-usd-250-mn-budget-boost-for-yemen\/"},"modified":"2024-02-12T00:00:00","modified_gmt":"2024-02-12T00:00:00","slug":"kingdom-drops-second-usd-250-mn-budget-boost-for-yemen","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2024\/02\/12\/kingdom-drops-second-usd-250-mn-budget-boost-for-yemen\/","title":{"rendered":"Kingdom drops second USD 250 mn budget boost for Yemen"},"content":{"rendered":"

Saudi Arabia<\/strong> has deposited a second USD 250 mn tranche of the USD 1.2 bn <\/strong>grant to <\/strong>Yemen\u2019s Presidential Council<\/strong>, state news agency SPA<\/a> reported yesterday. The assistance is directed towards \u201caddressing the budget deficit, paying salaries and operating expenditures and food security.\u201d Yemen\u2019s central bank governor Ahmed bin Ahmed Ghaleb Al Maabqi told Reuters<\/a> he expects the bank to receive the installment by yesterday or today. The grant is part of a one-year USD 1.2 bn grant announced in August<\/a> for the struggling Yemeni economy. <\/p>\n

A worsening situation<\/strong>: Al Maabqi said the crisis in the Red Sea has aggravated the war-torn country\u2019s economic crisis. \"The situation is already hard as a result of the war going on for more than eight years. With Houthi attacks on oil facilities [in Yemen] and exports halting, the Red Sea attacks have exacerbated the situation,\u201d he said.<\/p>\n","protected":false},"excerpt":{"rendered":"

The crisis in the Red Sea has worsened an already battered economy<\/p>\n","protected":false},"author":1,"featured_media":83358,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2568],"tags":[1031,587,10,805,86,806],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-83357","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-diplomacy","tag-ahmed-bin-ahmed-ghaleb-al-maaqbi","tag-diplomacy","tag-enterpriseam-ksa","tag-houthis","tag-red-sea","tag-yemen","wpautop","entry"],"acf":{"mongo_id":"caf1023f-2dbe-46e5-be90-46c74dac812c","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/2\/899.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Kingdom deposits second USD 250 mn tranche to support Yemen\u2019s battered economy","related_issue":[83338],"teaser":"The crisis in the Red Sea has worsened an already battered economy","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/2\/.a23c07f0-22e0-44bd-9d05-c94a458faa49.mp3"},"yoast_head":"\nKingdom drops second USD 250 mn budget boost for Yemen - 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