Saudi Arabia Provides New Financial Aid to Yemen's Economy

Saudi Arabia Provides New Financial Aid to Yemen's Economy

President of Yemen's Presidential Leadership Council, Rashad Al-Alimi, announced on Thursday, June 13th, 2024, that Saudi Arabia has deposited a new installment of its "generous" grant to Yemen's general budget. He stated that this will contribute to "paying salaries for gov...

Over 14,000 Yemeni Pilgrims Arrive in Saudi Arabia for Hajj

Over 14,000 Yemeni Pilgrims Arrive in Saudi Arabia for Hajj

  The Yemeni Ministry of Awqaf (Endowments) and Guidance, recognized by the international community, has reported that over 14,000 Yemeni pilgrims have arrived in Saudi Arabia to perform Hajj this year. In a statement released on Saturday, June 1, 2024, the ministry announced that 14,32...

Saudi Bank Follows Suit, Suspends Transactions with 6 Yemeni Banks

Saudi Bank Follows Suit, Suspends Transactions with 6 Yemeni Banks

 Al Rajhi Bank, one of Saudi Arabia's largest financial institutions, has suspended financial transactions and transfers through six Yemeni commercial banks, aligning with a recent decision by the Yemeni Central Bank (CBY) in Aden. The move comes after the CBY, based in the temporary c...