Development Saudi gives Yemen money and urges peace talks By Reuters April 6, 2022, 3:34 PM Yemen President Abd-Rabbu Mansour Hadi. Picture: Creative Commoins Saudi Arabia welcomed the Yemeni president’s decision to transfer his powers to a new presidential council, urged the body to start negotiations with the Houthi group and said it would arrange $3 billion of support to the war-torn country’s economy, state news agency SPA said. Two billion dollars would come from Riyadh and another $1 billion from the United Emirates, which is part of a Saudi-led military coalition which backs the internationally recognised government of President Abd-Rabbu Mansour Hadi against the Iran-aligned Houthis in Yemen. Riyadh called for an international conference to support Yemen’s economy and also said it would give $300 million to the United Nations aid response to Yemen’s humanitarian crisis. Register now: It’s easy and free AGBI registered members can access even more of our unique analysis and perspective on business and economics in the Middle East. Why sign uP Exclusive weekly email from our editor-in-chief Personalised weekly emails for your preferred industry sectors Read and download our insight packed white papers Access to our mobile app Prioritised access to live events Register for free Already registered? Sign in I’ll register later
