Financial and Banking News


Saudi Arabia Provides $57.7Omn in Aid to South Yemen 

Following the visit to Saudi Arabia last month of South Yemeni President Haidar al-Attas, the Saudi Development Fund (SDF) has agreed to provide soft-term credit facilities worth SR110mn ($30mn) for the expansion of Aden port, as well as grants of SR45mn ($12mn) to equip a hospital in Aden, SR44mn ($11.7mn) for a housing project, SR15mn ($4mn) for ambulances and fire trucks, and 2,000 tons of...