RIYADH, Feb 22 — Saudi Arabia will make a US$1 billion deposit in Yemen’s Aden-based central bank later today, Saudi Arabia’s state news agency SPA said, as the government...
RIYADH, Feb 22 — Saudi Arabia will make a US$1 billion deposit in Yemen’s Aden-based central bank later today, Saudi Arabia’s state news agency SPA said, as the government there struggles with a weak currency and high fuel and commodity prices.
The conflict has shifted to a no-war, no-peace stalemate as the fighting has largely stopped, but both parties have failed to renew a United Nations-brokered truce that expired in October. The internationally recognised government based in the south had seen its public finances worsen after the Houthi movement launched a series of attacks on terminals there that hampered oil exports, a key revenue source.
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