Yemen PM thanks Kingdom for saving economy

The Yemeni government announced its budget for 2018 after a three-year hiatus following the Houthi terrorist coup and the takeover of the capital Sanaa in September 2014. (Supplied)
Updated 21 January 2018
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Yemen PM thanks Kingdom for saving economy

ADEN: Yemen Prime Minister Ahmed Obaid bin Daghr thanked the Kingdom of Saudi Arabia for saving the Yemeni economy from collapsing.
It followed a directive issued by King Salman to deposit $2 billion with the Central Bank of Yemen.
Ahmed Obaid bin Daghr said in his announcement of the government’s budget for the fiscal year 2018, that the Kingdom’s deposit saved the Yemeni economy from a complete collapse and restored the balance of the currency, Saudi state-run news agency SPA reported.
He added that the budget approved the salaries for military employees and civil servants of 12 provinces for the whole year. 
The Yemeni government announced its budget for 2018 after a three-year hiatus following the Houthi terrorist coup and the takeover of the capital Sanaa in September 2014.
Ahmed Obaid bin Daghr told a news conference in the interim capital of Aden on Sunday that the new budget was worth 987.2 billion riyals, and expenses were estimated at 1.465 trillion riyals and a financial deficit of 33 percent.
“The budget, by all standards, remains an austerity budget governed by the conditions of the coup against legitimacy,” Bin Daghr said.
He added that the Yemeni House of Representatives, would hold a meeting next month to approve the budget.


Yemeni army liberates new area in Taiz from Houthi grip

Updated 16 min 12 sec ago
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Yemeni army liberates new area in Taiz from Houthi grip

DUBAI: The Yemeni National Army liberated the Wadi Al-Jisr area, west of Taiz, following violent confrontations with the Iran-backed Houthi militia on Saturday, Saudi state-news channel Al-Ekhbariya reported.
The official Yemeni news agency quoted a military source as saying that “the confrontations led to the liberation of Wadi Al-Jisr, west of Taiz, during which the militias suffered heavy losses in men and equipment.”
In the same context, the Yemeni army forces foiled a Houthi on the army’s air defense positions.