Saudi Arabia to Support Yemeni people to Overcome economic burdens

King Salman
King Salman

King Salman

:: The Saudi Cabinet has lauded King Salman’s directives to deposit $2 billion in the Yemeni Central Bank, bringing total Saudi deposits in the account to $3 billion.

Chaired by King Salman at Al-Yamamah Palace on Tuesday, the Cabinet said this step comes as an extension of the Kingdom’s support for the Yemeni people. It will alleviate their sufferings and help them to cope with economic burdens caused by the crimes of the Iranian-backed Houthi militias that have plundered the country and its revenues.

In addition, the Cabinet welcomed the comprehensive humanitarian aid plan announced by the meeting of the Arab coalition supporting the legitimacy in Yemen, recently held in Riyadh, that included the contribution of $1.5 billion by coalition member countries. This constitutes more than 50 percent of the humanitarian aid program to Yemen announced by the UN for the current year.

The Cabinet also praised the decision of the foreign ministers of member states of the Organization of Islamic Cooperation (OIC) at their emergency meeting in Jeddah, where strong condemnation was made of Houthi militias for launching Iran-made ballistic missiles toward Riyadh on Dec. 19, 2017.

The OIC ministers considered that an attack on the Kingdom and proof of the Houthis’ refusal to comply with the decisions of the international community. The Cabinet appreciated the OIC ministers’ support for the Kingdom in the face of terrorism and their solidarity with the Kingdom in steps taken to preserve its security and stability and call for a collective stance against this aggressive attack.

The Cabinet, further, praised their condemnation of Iran for its interference in the internal affairs of countries of the region and its violation of the OIC foreign ministers’ decision in Makkah in Nov. 2016 and relevant Security Council resolutions calling on Iran to stop policies conducive to fueling sectarian disputes and abstain from supporting and funding terror groups.

On terrorism, the Cabinet expressed the Kingdom’s strong condemnation of a terror attack on a hotel in Kabul, Afghanistan, and renewed the Kingdom’s standing with sisterly and friendly countries against all acts of terrorism and extremism.

Later, the Cabinet approved two memos of understanding for cooperation in the area of health between the Kingdom and Indonesia and the United Kingdom, respectively. The Cabinet also authorized the minister of finance to discuss and sign a draft agreement between the Kingdom and the UAE to avoid double taxation and evasion. It also approved the national strategy on water.

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