Saudi Arabia, UAE, UK and US express concern about Yemen economy

The concerns stem from the depreciation of the Yemeni rial and the rise in food prices. (File/AFP)
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Updated 17 September 2021
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Saudi Arabia, UAE, UK and US express concern about Yemen economy

  • The countries praised Saudi Arabia’s charitable donations to Yemen including oil derivatives
  • The four countries stressed the need for the Yemeni government to return to Aden

RIYADH: Saudi Arabia, the UAE, the UK, and the US expressed concern about Yemen’s deteriorating economy on Thursday.

The concern stemmed from the depreciation of the Yemeni rial, the rise in food prices, and the severe impact of this on the economy and the humanitarian situation in the war-torn country.

The countries praised Saudi Arabia’s charitable donations to Yemen including oil derivatives.

They also called on the Yemeni government to take all necessary steps to start achieving economic stability, and stressed their commitment to providing economic support to the Yemeni government.

A statement issued after the Saudi, Emirati and British ambassadors to Yemen and the chargé d'affaires for the US Embassy to Yemen met, also highlighted the importance of implementing the Riyadh Agreement.

The four countries stressed the need for the Yemeni government to return to Aden, noting its effective role in overseeing future international support for economic recovery, and their commitment to a comprehensive political solution to the conflict in Yemen.

They also expressed their full support for newly appointed UN special envoy for Yemen Hans Grundberg.


Turkiye’s Erdogan visits El-Sisi to ink partnership deals

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Turkiye’s Erdogan visits El-Sisi to ink partnership deals

CAIRO: Turkish President Recep Tayyip Erdogan met Egyptian President Abdel Fattah El-Sisi in Cairo on Wednesday, sealing a raft of new partnership deals and signalling a united front on regional crises in Iran, Sudan and Gaza.
Ministers from both countries signed 18 additional agreements spanning defense, tourism, health and agriculture.
At a joint news conference, El-Sisi said they agreed on the need to implement all phases of the Gaza truce agreement, speed up humanitarian aid deliveries and maintain a focus on “a two-state solution, establishing a Palestinian state.”
Egypt and Turkiye now form half of the mediating bloc for the current Gaza truce, back the Sudanese army in its war with paramilitary forces and share increasingly convergent positions across the region.
On Sudan, El-Sisi said Wednesday both sides want to see a “humanitarian truce that leads to a ceasefire and a comprehensive political path.”
El-Sisi also called for efforts to avoid escalation in the region, advance diplomatic solutions and “avert the spectre of war, whether regarding the Iranian nuclear file or concerning the region in general.”
Erdogan echoed the need for diplomacy, saying foreign interference poses “significant risks to the entire region” and that dialogue remained “the most appropriate method” for addressing disputes with Iran.
Both leaders also underscored support for Somalia’s territorial integrity amid heightened regional friction.
Both countries have backed the government of Somalia and condemned Israel’s recognition of the breakaway region of Somaliland.
Turkiye supplied Egypt with advanced drones in 2024 and the two countries plan to manufacture them jointly.
Erdogan arrived in Cairo after a stop in Riyadh, with his tour coinciding with US-Iran contacts initially planned for Turkiye before Tehran requested a shift to Oman.