Financial and Banking News

AID FLOWS

Saudi Arabia Renews $100mn Annual Aid to North Yemen

According to a statement issued last week at the end of the 10th annual meeting of the Saudi-Yemeni Coordination Council, Saudi Arabia has agreed to continue its annual aid to North Yemen, estimated at around $100mn in the FY 1988- 1989. Mr. Mustafa Idriss, a member of the Saudi delegation, said that Saudi Arabia has extended a total of more than SR5bn ($1.3bn) in aid for projects in education,...