Riyadh has announced $ 3 billion in financial assistance to the Saudi-backed government following the announcement by President Abd-Rabbu Mansour Hadi. He called for talks with the Houthi group, which controls the north and is fighting a Saudi-led coalition. Yemen’s warring parties have agreed on a major two-month ceasefire that began on Saturday, the first since 2016. The truce also eased coalition blockades in Houthi-held areas that ousted Hadi’s government from the capital Sanaa. at the end of 2014. Read more Sign up now for FREE unlimited access to Reuters.com Register “I irrevocably delegate my full powers to the Presidential Governing Council in accordance with the constitution and the Gulf Initiative and its executive mechanism,” Randy-based Hady told state television. Dismissed Vice President Ali Mohsen al-Ahmar, a general with Islamists, is outraged by the Houthis for military campaigns in their northern stronghold and by some southerners for his role in the 1994 North-South civil war. Hady took the helm of a collapsing state a decade ago in a Gulf-backed transitional plan following protests that ousted President Ali Abdullah Saleh, who was later assassinated. Riyadh, which has struggled to pull out of the war in Yemen, has urged the new council to negotiate with the UN-sponsored Houthis in Iran “for a final and comprehensive solution”. read more “This is an attempt, perhaps a last resort, to reconstitute something that looks like unity within the Houthi alliance. The problem is that it is not clear how these different individuals, many of whom have diametrically opposed views, can “Work together,” Gregory Johnson, a former member of the United Nations Expert Group on Yemen, said on Twitter. The de facto ruler of Saudi Arabia, Crown Prince Mohammed bin Salman, appeared on state media in a video meeting with the new eight-member council, led by Rasad al-Alimi. Alimi is close to the big bloc of the Islamist party Islah, the backbone of the Khandi government, which is not trusted by its coalition partner, the United Arab Emirates. The council includes faction leaders backed by the United Arab Emirates, including Aidarous al-Zubaidi of the separatist Transitional Council of the South, which competed with Hadi’s government for control of Aden. FINANCIAL AID The war has killed tens of thousands, destroyed the economy and pushed Yemen to the brink of starvation. The central bank split into rival authorities and the devaluation of the rial in the state south pushed basic goods inaccessible to many. Saudi Arabia and the United Arab Emirates will each contribute $ 1 billion to Yemen’s central bank, and the kingdom will provide an additional $ 1 billion for oil production and development, a statement from Saudi state media said. read more Riyadh, which last invested in the Aden-based central bank in 2018, also said it would provide $ 300 million in aid to the United Nations, which raised less than a third of the $ 4.27 billion in March. were requested. read more The United Nations is pushing for measures to stabilize the economy and start inclusive political negotiations to end the conflict in which many Yemeni factions are claiming power. The war is widely seen in the region as a proxy war between Saudi Arabia and Iran. The Houthis say they are fighting a corrupt system and foreign aggression. Sign up now for FREE unlimited access to Reuters.com Register Report by Mohamed Ghobari in Aden and Ahmed Tolba in Cairo. Writing by Lisa Barrington and Ghaida Ghantous. Edited by Muralikumar Anantharaman and Raju Gopalakrishnan Our role models: The Thomson Reuters Trust Principles.
