Egypt, Yemen are top recipients of Saudi aid

Updated 19 May 2015
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Egypt, Yemen are top recipients of Saudi aid

RIYADH: Saudi Arabia has given Arab nations SR85 billion ($22.7 billion) in direct aid over 40 months, local media reported, quoting a report released by the International Monetary Fund (IMF).
Egypt captured the biggest portion at SR24.4 billion ($6.5 billion), with SR22.3 billion ($5.9 billion) delivered directly to the country. Saudi direct aid represented nearly 2.3 percent of Egypt’s gross domestic product (GDP).
Yemen was the second top recipient of direct aid, with SR14.3 billion ($3.8 billion) allocated, but only SR4.4 billion ($1.2 billion) delivered due to political developments in that country. Saudi direct aid represented nearly 8.4 percent of Yemen’s GDP, the report said.
Jordan was the third top recipient, with SR11.2 billion ($3 billion) allocated but SR7.2 billion ($1.9 billion) delivered. This represented nearly 8.1 percent of Jordan’s GDP, the report said.
Bahrain came in fourth, with the Saudi government allocating SR10.7 billion ($2.8 billion), which represented nearly 8.4 percent of its GDP. Oman was fifth at SR9.4 billion ($2.5 billion), representing nearly 3.1 percent of its GDP, the report said.
The West Bank and Gaza Strip were sixth at SR6.7 billion ($1.8 billion) which represented nearly 14.4 percent of the Palestinian GDP, followed by Morocco at SR6.1 billion ($1.6 billion), or 1.5 percent of its GDP, Sudan at SR2 billion ($527 million), or 0.8 percent of its GDP, and Djibouti at SR255 million ($68 million, or 4.3 percent of its GDP, the report said.


Saudi Arabia says deposits $250 million into Sudan's Central Bank: statement

Updated 19 May 2019
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Saudi Arabia says deposits $250 million into Sudan's Central Bank: statement

  • Saudi Arabia and UAE pledged to send $3 billion worth of aid to Sudan
  • The remaining amount will be allocated to meet the urgent needs of the Sudanese people

RIYADH: Saudi Arabia said on Sunday it deposited $250 million with the Sudanese central bank, according to a statement from the Kingdom’s ministry of finance.

Saudi Arabia and the UAE pledged to send $3 billion worth of aid to Sudan, after mass protests led to the ouster of president Omar al-Bashir last month.

The move will strengthen Sudan’s “financial position, alleviate pressure on the Sudanese pound and achieve more stability in the exchange rate," the statement said.

Saudi Arabia and the United Arab Emirates have deposited now $500 million into Sudan’s Central Bank, the first instalment of the joint package of aid.

The remaining amount will be allocated to meet the urgent needs of the Sudanese people, including food, medications and oil derivatives.

Mohammed Abdullah Al-Jadaan, Minister of Finance, confirmed that this deposit constitutes an extension of the Kingdom’s support to the Sudanese people.

He added that this support will strengthen the financial and economic situation in Sudan, especially the exchange rate of the Sudanese pound, which should reflect positively on the living conditions of the Sudanese citizens.