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Saudi Arabia Funds Houthi Rival Amid Yemeni Group's Tussle With US, UK In Red Sea Over Gaza War

Published on Feb 11, 2024 09:39 pm IST

Saudi Arabia has granted a second $250 million installment to the government of Yemen, based in Aden. This was part of the Kingdom's one-year $1 billion grant. Yemen's central bank governor, Ahmed bin Ahmed Ghaleb Al-Maabqi, said the remaining $500 million of the grant, from which the first $250 million was paid out last August, has yet to be transferred to the bank as it is struggling with a weak currency and high fuel prices. Watch this video to know more.

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