Saudi Arabia deposits $1 billion in Yemen’s central bank

A view of the Central Bank of Yemen in Aden, Yemen. (File/Reuters)
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Updated 21 February 2023
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Saudi Arabia deposits $1 billion in Yemen’s central bank

  • The support comes as an extension of the Kingdom’s keenness to support development in Yemen and its economy

RIYADH: Saudi Arabia made a $1 billion deposit in Yemen’s central bank on Tuesday, Saudi Press Agency reported.

The support comes as an extension of the Kingdom’s keenness to support development in Yemen and its economy.

The deposit will contribute to strengthening capacities in the field of implementing Yemen’s economic reform program with the Arab Monetary Fund as a technical body, SPA said.

The reform program aims to develop a clear road map and vision that takes care of the Yemeni people and addresses their needs, in addition to strengthening efforts to build reserves at the Central Bank of Yemen to enable it to enhance economic stability.


Saudi Arabia welcomes ceasefire agreement between Syrian Democratic Forces and Syria state

Updated 19 January 2026
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Saudi Arabia welcomes ceasefire agreement between Syrian Democratic Forces and Syria state

RIYADH: Saudi Arabia has welcomed an agreement between the Syrian state and Syrian Democratic Forces.
In a foreign ministry statement early on Monday, the Kingdom said it had welcomed an deal between Damascus and Kurdish Syrian Democratic Forces that was announced by the Syrian government on Sunday.
The agreement entails merging all SDF forces into the defense and interior ministries and means that Kurdish forces will redeploy to east of the Euphrates river.
The 14-point deal would also see the immediate administrative and military handover of Deir Ezzor and Raqqa governorates.
The Syrian state would regain control of all border crossings, oil fields, and gas fields in the region, with protection secured by regular forces to ensure the return of resources to the Syrian government, while considering the special case of Kurdish areas, the state news agency SANA reported.
The ceasefire comes after intense fighting between the SDF and government troops in Aleppo. But SDF troops have now pulled back from there and the Syrian army now controls most areas east of Aleppo.
The Saudi foreign ministry statement also thanked the US for the agreement. Washington is believed to have supported brokering the ceasefire between allies SDF and the Syrian government, who they have also backed diplomatically since the fall of long-time dictator Bashar Assad.
The Syrian state announced on Friday a raft of new directives to recognize Syrian Kurds, including making their language official and bolstering other rights for the minority group.