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Saudi Arabia transfers Yemen $2 billion to save local currency from 'complete collapse'

Added: 17.01.2018 12:13 | 0 views | 0 comments

Saudi Arabia's King Salman ordered the transfer of $2 billion to Yemen on Wednesday, a day after Yemen's Saudi-backed prime minister made an urgent appeal on the kingdom and its allies to save the local currency from "complete collapse."
Prime Minister Ahmed Obeid bin Daghir had called on the kingdom...

From: www.sun-sentinel.com

Saudi Arabia deposits US$2 billion in Yemen central bank to back currency

Added: 17.01.2018 10:32 | 0 views | 0 comments

Saudi Arabia's King Salman ordered a deposit of US$2 billion (S$2.65 billion) to be paid into Yemen's central bank on Wednesday (Jan 17) to shore up the weak Yemeni currency, the Saudi government said.

From: www.straitstimes.com

Saudi Arabia to transfer $2 billion after urgent Yemen plea

Added: 17.01.2018 9:46 | 0 views | 0 comments

Saudi Arabia's King Salman has ordered a transfer of $2 billion to Yemen, a day after the war-torn country's Saudi-backed prime minister called on the kingdom and its allies to save the local currency from "complete collapse."

From: feeds.foxbusiness.com

Saudi king orders payouts and bonuses to soften price hikes

Added: 06.01.2018 7:50 | 1 views | 0 comments

Saudi Arabia's King Salman has authorized a range of bonuses and payouts for citizens, including a monthly payment of 1,000 riyals ($267) for civil servants for the coming year.

From: feeds.foxbusiness.com

Saudi King Salman orders new allowances to offset rising cost of living

Added: 06.01.2018 7:35 | 1 views | 0 comments

Saudi Arabia's King Salman on Saturday (Jan 6) ordered a monthly payment of 1,000 riyals (S$354) to state employees over the next year in compensation for rising cost of living after the government hiked domestic gas prices and introduced value-added tax (VAT).

From: www.straitstimes.com

Saudi chess PR gambit checked by controversies

Added: 28.12.2017 21:23 | 2 views | 0 comments

Saudi Arabia brushed aside rulings from top clerics to host a big money chess tournament, but the gambit to improve the kingdom's image has been jolted by regional powerplays. The landmark event and its record $2 million (1.7 million euro) prize pot come as Crown Prince Mohammed bin Salman looks to repackage his oil-rich nation as more welcoming -- and moderate. The King Salman Rapid and Blitz 2017 tournament opened on Monday, but just a day later Israel's chess federation said it was seeking compensation from the game's governing body FIDE over the rejection.

From: https:

Israelis seek compensation after Saudi chess snub

Added: 28.12.2017 3:48 | 2 views | 0 comments

The Israel Chess Federation said Tuesday it is seeking compensation from the organisers of a tournament in Saudi Arabia, after the Gulf state refused to issue visas for its players. The King Salman World Rapid and Blitz Championships is the first international chess competition held in Saudi Arabia, perceived as a display of the conservative kingdom's growing openness to the West. The regulations of the organisers, the World Chess Federation (FIDE), stipulate that no player should be refused the opportunity to participate, but players from three states -- Iran, Qatar, and Israel, had initially not received visas.

From: https:

Playing games? Tensions underscore Saudi chess championship

Added: 27.12.2017 1:02 | 1 views | 0 comments

The World Chess Federation, however, denied that any country's team was being purposefully excluded from the King Salman World Blitz & Rapid Championships.

From: https:

Coalition raids hit Yemen rebels after missile targets Riyadh

Added: 22.12.2017 20:12 | 1 views | 0 comments

The Saudi-led coalition conducted multiple air raids in Yemen on Wednesday, a day after Huthi rebels fired a ballistic missile at Riyadh in an attack Washington said was enabled by Iran. The Saudi-led strikes killed 11 civilians in the Huthi stronghold of Saada, a tribal chief and witnesses said, while unidentified assailants attacked Huthis guarding the Sanaa residence of former president Ali Abdullah Saleh, who was killed by the Shiite rebels earlier this month. US President Donald Trump spoke Wednesday with Saudi King Salman following the ballistic missile attack that targeted Salman's residence.

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