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In a decree late Monday, Hadi's office said Ahmed bin Dagher was guilty of poor economic performance and failure to avert a collapse of the currency.
The office estimates that over 170 people have been killed and at least 1,700 have been injured in the Al Hudaydah region alone so far
Following the collapse of United Nations-backed talks in September, the coalition announced it was relaunching an assault on Hodeida city and its Red Sea port.
The state-run Saudi Press Agency says the "donation" will help "achieve stability of the Yemeni economy and boost the local currency.
The WHO says 2,451 people have died of cholera across Yemen since April 2017, while more than a million suspected cases were reported during the same period.
International aid agencies caught off guard by the extent of the suffering there as parents and children waste away.
It comes after the UN Human Rights Council voted to extend an international probe of alleged war crimes committed in Yemen by both the Saudi-led coalition and the Shiite Huthi rebels.
The United Nations Human Rights Council voted to extend an international probe of alleged war crimes committed in Yemen despite strong opposition from Saudi Arabia and several of its allies.
It accused the UN group of "turning a blind eye" to the violations of the Shiite Huthi rebels, who the government has been battling since 2014.
Rame Abdul Fattah (43) from Yemen became the first patient in Karnataka to have successfully undergone meniscus transplant here last Tuesday.
Rights groups have criticized the coalition's airstrikes and other attacks in Yemen for killing civilians, including children.
UN investigators said that all sides in Yemen's bloody conflict may have committed war crimes, highlighting deadly air strikes, rampant sexual violence and the recruitment of young children.
In a first report released on Tuesday, a team of UN-mandated investigators said all parties in Yemen's conflict have committed a "substantial number of violations of international humanitarian law".
The experts have also chronicled the damages from coalition airstrikes, the single most lethal force in the fighting, over the last year.
The UN Security Council had already called for a "credible" investigation into a strike blamed on the coalition in northern Yemen on August 9 that the Red Cross said killed 40 children.