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Saudi Arabia pledges $3.25bn in aid to Al Qaeda-hit Yemen

Saudi Arabia, Gulf countries and Western have pledged more than $4bn in aid to Yemen at a Riyadh conference, Reuters has reported. At the Riyadh conference, the world's top oil exporter pledged $3.25bn of a total $4bn in aid. Yemeni finance minister Sakhr al-Wajih said he would be happy if his country achieved economic growth of 1% in 2012, and that even this modest goal relied on foreign generosity. The country is likely to run a $2.5bn budget deficit this year, he added.