Saudi Arabia gives $200 mn to Yemen as currency collapses
Saudi Arabia has announced a grant of $200 million to Yemen to help stabilise the country's economy and increase the value of the Yemeni rial. The Yemeni rial has lost nearly half its value this year amid the ongoing civil war. Saudi Arabia is supporting Yemeni President Abdrabuh Mansour Hadi's government against the Iran-backed Houthi rebels in the civil war.