Saudi Press: Saudi Arabia is Keen on Stability and Development of Yemen

Wednesday 1443/7/15 - 2022/02/16
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Riyadh, February 16, 2022, SPA -- Saudi newspapers highlighted in their editorials today a number of issues at local, regional and international arenas.
Al-Bilad newspaper reported in its editorial that the Kingdom of Saudi Arabia is keen on the stability and development of Yemen and the unity of its people.
Saudi Arabia supports all efforts aimed at reaching a comprehensive political solution in Yemen, according to the three references (the GCC Initiative and its executive mechanisms, the outcomes of the national dialogue and the UN Security Council resolution No. 2216), the paper said.
Since the outbreak of the Yemeni crisis, as the Houthi militia launched its coup against legitimacy, Saudi Arabia has continued supporting international efforts, in order to reach a comprehensive political solution and achieve security and development there, the paper added.
Saudi Arabia continue providing humanitarian, relief and development aid for all Yemeni governorates without exception, while the Houthi terrorist militia continues its attacks against civilians and civilian objects in Saudi Arabia and the United Arab Emirates, as the entire world strongly condemns such terrorist and hostile acts, the paper concluded.
Okaz newspaper reported in its editorial that within the efforts being exerted by the Kingdom of Saudi Arabia to support its financial sector, Saudi Cabinet has approved a license for a local digital bank to be established with a capital of SR1.65 billion
The D360 Bank will be established through a consortium of individual and corporate investors, led by Derayah Financial Company, with the Public Investment Fund being one of the main investors, the paper said.
Under the leadership of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud and HRH the Crown Prince, Saudi Arabia seeks to develop the financial sector which is seen as one the most important objectives of its vision 2030, the paper added.
-- SPA
10:21 LOCAL TIME 07:21 GMT
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