Saudi Arabia presents $500m to UN for its agencies in Yemen

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General supervisor of KSRelief Abdullah Al-Rabeeah presents the UN's Mark Lowcock with a cheque for $500 million from Saudi Arabia on Wednesday. (SPA)
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General supervisor of KSRelief Abdullah Al-Rabeeah presents the UN's Mark Lowcock with a cheque for $500 million from Saudi Arabia on Wednesday. (SPA)
Updated 27 September 2019

Saudi Arabia presents $500m to UN for its agencies in Yemen

  • The signing ceremony took place at the opening of a conference titled “Humanitarian Situation Yemen, The Way Forward”
  • Following the signing, Lowcock expressed his appreciation for the Kingdom’s generous support

NEW YORK: The general supervisor of the King Salman Humanitarian Aid and Relief Center (KSRelief) Abdullah Al-Rabeeah, presented Mark Lowcock, under-secretary-general for humanitarian affairs and emergency relief coordinator for the UN Office for the Coordination of Humanitarian Affairs (OCHA), with a cheque for $500 million from Saudi Arabia to fund the 2019 Yemen Humanitarian Response Plan on Wednesday.
The signing ceremony took place at the opening of a conference titled “Humanitarian Situation Yemen, The Way Forward,” which featured statements from a number of UN officials and diplomats, including foreign ministers from Saudi Arabia and Yemen.
Lowcock said the grant will be distributed by OCHA to the World Food Programme, the World Health Organization, the UN Children’s Fund, the International Organization for Migration, the UN High Commissioner for Refugees, the UN Development Programme, and the Food and Agriculture Organization “to support essential priorities in the Yemen Humanitarian Response.”
Officials present for the signing included the UN Secretary-General António Guterres, Saudi Minister of Foreign Affairs Ibrahim Al-Assaf, Saudi Minister of State for Foreign Affairs Adel Al-Jubeir, Saudi Ambassador to the US Reema bint Bandar bin Sultan, the Kingdom’s permanent representative to the UN Abdallah Al-Mouallimi and the secretary-general of the Organization for Islamic Cooperation, Dr. Yousef Al-Othaimeen.
Following the signing, Lowcock expressed his appreciation for the Kingdom’s generous support: “With today’s provision of funds from Saudi Arabia, the Yemen Humanitarian Response Plan will have received more than $2.3 billion, or 56 percent of its requirements for the year. This is substantial progress, and we thank all our donors for their support.”
Al-Rabeeah added his remarks on the goals of KSRelief’s strong partnership with the UN. “The King Salman Humanitarian Aid and Relief Center commends the efforts of the UN organizations, which share our commitment to alleviating the suffering of the people of Yemen in accordance with international humanitarian laws and principles of neutrality. I assure you that Saudi Arabia is keen to support all peace initiatives submitted by the UN envoys to Yemen.
“The Kingdom has also supported all meaningful and constructive dialogue that supports peace efforts and adopts peaceful solutions in Yemen, such as the Yemen National Dialogue, the Stockholm Agreement and UN Resolution 2216 to ensure the return of peace, security and stability to Yemen, the region and the entire world.”


Saudi VAT revenues hit SR46.7bn in a year: Finance minister

Updated 39 min 10 sec ago

Saudi VAT revenues hit SR46.7bn in a year: Finance minister

  • Al-Jadaan announced the figures during the first edition of the General Authority for Zakat and Tax
  • Said Kingdom was working to reach a consensual solution for tax challenges

RIYADH: Saudi VAT revenues have hit SR46.7 billion ($12.45 billion), a significant increase on estimates for the fiscal year, according to the Kingdom’s finance minister.

Mohammed Al-Jadaan announced the figures during the first edition of the General Authority for Zakat and Tax (GAZT) conference and exhibition.

“The commitment rate came at 90 percent, exceeding all the expectations of GAZT and some international organizations that ranged between 60 and 70 percent,” he said.

“The conference comes as the Kingdom is witnessing an economic and social transformation under the leadership of King Salman and Crown Prince Mohammed bin Salman to achieve a diverse economy and sustainable growth in line with the Kingdom’s 2030 vision.

“The Kingdom’s fiscal policy aims to achieve a balance between the state’s financial and economic objectives. It seeks to maintain financial sustainability for the medium and long terms, which stimulates economic growth rates. This generates from our recognition that fiscal policies are one of the most important drivers of growth in the non-oil sector,” he added.

“The digital economy is rapidly advancing. We hope that modern technologies such as artificial intelligence and blockchains will improve compliance with zakat and taxes, enrich the business sector, lower costs, promote tax transparency and develop e-commerce tax regulations.

“This conference will hopefully achieve a qualitative leap in the sectors of zakat and taxes by promoting cooperation and exchanging experiences.”

Al-Jadaan said that as the Kingdom prepared to host the next G20 summit, it was working to reach a consensual solution for tax challenges of the digital economy and contribute with other member states to stabilizing the global economy.