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$2 billion bailout

Saudi Arabia announces $2 bn bailout for Yemen govt

RIYADH: Saudi Arabia announced on Wednesday it would transfer $2 billion to Yemen's central bank, following desperate calls for funding from the war-torn country's president and prime minister. "To address the deteriorating economic situation faced by the Yemeni people as a result of the actions of the Iranian-backed Huthi militias, King Salman bin Abdulaziz has issued a directive to transfer a $2 billion deposit to the central bank of Yemen, in continuation of the kingdom's support of the Yemeni people," the interior…