INSEAD Day 4 - 728x90

Google to invest $6.4bn

The investment is its biggest-ever in Germany.

Pfizer poised to buy Metsera

The pharma giant improved its offer to $10bn.

Ozempic maker lowers outlook

The company posted tepid Q3 results.

Kimberly-Clark to buy Kenvue

The deal is valued at $48.7 billion.

BYD Q3 profit down 33%

This was a 33% year-on-year decrease.

Saudi sends 60,000 more metric tons of diesel to Yemen under SDRPY

Children warm by a fire at a camp for the displaced on the outskirts of Yemen's third city of Taez. AFP file
  • The fresh shipment brings the the total amount of oil derivatives supplied to Yemen since the beginning of the grant to 596,000 metric tons.
  • The oil derivatives grant is part of SDRPY support, which has provided more than 207 development projects and initiatives in several sectors.

Around 60,000 metric tons of diesel, which is the seventh shipment of the Saudi oil derivatives grant for Yemen, arrived in Aden, media reports said.

The oil derivatives grant is provided by Saudi Arabia to Yemen under the Saudi Development and Reconstruction Program for Yemen (SDRPY) to fuel the monthly requirements of Yemeni power stations.

The fresh shipment brings the the total amount of oil derivatives supplied to Yemen since the beginning of the grant to 596,000 metric tons; to meet the monthly needs provided by the Yemeni power stations.

The First Undersecretary of Aden Governorate, Mohammed Nasr Al-Shazly, said that the Saudi oil derivatives grant eased the suffering of citizens and supported the electricity sector, especially during the summer, adding that the Kingdom’s support to Yemen is a reflection of the brotherly ties between the two countries, according to media reports.

SDRPY office director in Aden, Engineer Ahmed Madkhali, said: “The Saudi oil derivatives grant has had a positive impact on improving the production of electrical power, as well as the improvement of general conditions in various fields, and reduced hours of power outages and its recurrence, which contributed to achieving living and economic stability”.

The oil derivatives grant is part of SDRPY support, which has provided more than 207 development projects and initiatives in education, health, water, power, transportation, agriculture and fisheries, and capacity-building of government institutions.