“If we don’t get the funding we need and if more isn’t done to suppress the virus, COVID-19 could engulf Yemen,” said Lise Grande, the U.N. Humanitarian Coordinator for Yemen, in a statement. … [Read more...] about Saudi Arabia confirms virtual donors conference for Yemen with U.N.
“While foreign exchange flows since the start of the year are on average within historical levels, this measure (transfers to PIF) resulted in a reduction in net foreign reserves assets to support investment plans,” he said, adding that PIF investments would not be reflected in published central bank data. … [Read more...] about Saudi Arabia says it provided $40 billion to PIF from foreign reserves
The official said PIF had also converted into U.S. dollars part of its own riyal-denominated liquidity to back investments. The government did not expect a significant drop in central bank foreign reserves going forward and fluctuations will be in line with previous years, added the official, who asked not to be named because the details are not yet public. … [Read more...] about Saudi Arabia’s PIF gets $40 billion from foreign reserves to fund overseas investments
Engel and other congressional Democrats were appalled when Pompeo notified Congress of the decision to use an emergency loophole in the Arms Export Control Act to move ahead with sales of $7 billion in precision guided munitions, other bombs and ammunition and aircraft maintenance support to Saudi Arabia, along with the United Arab Emirates and Jordan, without lawmakers’ approval. … [Read more...] about Democrats: Fired watchdog was looking into Saudi arms sale
According to the spokesman, Lt. Col. Zayed al-Dabbash, three others were wounded in the violence in Asir province on Tuesday. The spokesman was quoted by the state-run Saudi Press Agency as saying that the fatalities were all Saudi citizens. He said police seized weapons used in the crime and that prosecutors were investigating … [Read more...] about Saudi police: 6 killed in shootout dispute between families