RIYADH: The Kingdom’s latest aid package to Yemen reflects its commitment to stability in the country, the Cabinet said on Tuesday.

On Friday, Saudi Arabia announced new economic support worth $500 million. It comprises a $300 million deposit into the Central Bank of Yemen to improve economic and financial conditions and $200 million to address its budget deficit, the Saudi Press Agency reported.

During a meeting on Tuesday, the cabinet said the support aimed to strengthen Yemen’s economic, financial and monetary foundations, build the capacity of government institutions and empower the private sector to drive sustainable growth and create job opportunities.

The meeting also discussed regional and international developments and emphasized the Kingdom’s continuous efforts to foster cooperation through relations with other countries and its membership of multilateral organizations and groups.

The cabinet also strongly condemned Israel’s ongoing attacks on Al-Aqsa Mosque, rejected any attempt at altering Jerusalem’s historical and legal status and called upon the international community to hold the Israeli authorities accountable for violations against civilians and Islamic holy sites in Palestine. It also reiterated its support for the Palestinian people.

The condemnation came after Israel’s Security Minister Itamar Ben-Gvir ascended to the Al-Aqsa Mosque compound in Jerusalem on Thursday for what he said was a “prayer” for hostages in Gaza, challenging rules over one of the most sensitive sites in the Middle East.

The cabinet also reviewed the performance indicators of key economic sectors and commended the growth of the non-profit sector, which plays a crucial role in supporting healthcare, education, research and other vital areas, in line with Saudi Vision 2030 goals.