Spurred by a rapidly deteriorating economy, the International Monetary Fund has approved a three-year extended credit facility worth $552 million with Yemen, the impoverished Arab nation that has become a breeding ground for the terrorist group al Qaeda in the Arabian Peninsula, The Wall Street Journal Middle East RealTime blog reported. The lifeline will provide some relief for Yemeni authorities who face a myriad of political and security challenges that continue to drag on the economy.
Read more