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Saudi gives Yemen money and urges peace talks

Yemen President Abd Rabuh Mansur Hadi. Picture: Creative Commoins
Yemen President Abd-Rabbu Mansour Hadi. Picture: Creative Commoins

Saudi Arabia welcomed the Yemeni president’s decision to transfer his powers to a new presidential council, urged the body to start negotiations with the Houthi group and said it would arrange $3 billion of support to the war-torn country’s economy, state news agency SPA said.

Two billion dollars would come from Riyadh and another $1 billion from the United Emirates, which is part of a Saudi-led military coalition which backs the internationally recognised government of President Abd-Rabbu Mansour Hadi against the Iran-aligned Houthis in Yemen.

Riyadh called for an international conference to support Yemen’s economy and also said it would give $300 million to the United Nations aid response to Yemen’s humanitarian crisis.