Gulf Cooperation Council (GCC) Secretary-General Jasem Mohamed Albudaiwi welcomed on Wednesday the agreement between the legitimate Yemeni government and Iran-backed Houthi militias to de-escalate the situation with regard to the Yemeni banking sector and airlines.

The agreement was announced by the United Nations Secretary-General's Special Envoy to Yemen, Hans Grundberg, on Tuesday.

Albudaiwi expressed the GCC's support for all regional and international efforts and the efforts led by the UN special envoy aimed at achieving peace and security in Yemen.

The announcement underscores the importance the international community attaches to the Yemeni crisis, he added, hoping the agreement will pave the way for Yemeni parties to start the political process, under UN auspices, to reach a comprehensive political solution that achieves security and stability in the country.

He reiterated the GCC's continued support and full solidarity with Yemen, its government and people, and its keenness to encourage all efforts to de-escalate and maintain stability in order to reach peace.