Yemen, Saudi Arabia sign oil treaty

Minister Stresses Strengthening Social Fund for Development While Safeguarding Its Independence

Minister of Social Affairs and Labor Mukhtar al-Yafae stressed the importance of strengthening the Social Fund for Development as an effective national institution, preserving its independence, reinforcing governance, transparency and institutional stability, and expanding its development impact across all governorates.

Three Palestinians Killed, 10 Injured in Israeli Airstrikes on Gaza

Three Palestinians were killed and more than 10 others injured on Saturday in a series of Israeli airstrikes targeting several areas across the Gaza Strip.

Korea's Travel Account Posts Surplus for 3rd Month in Row

South Korea reported a surplus in its tourism account for the third month in a row in May, driven by a rise in the number of foreign tourists, reaching $220.5 million in May compared to a deficit of $820.2 million in the same month last year.

England Claim FIFA World Cup 2026 Bronze with Victory over France

England secured third place at the 2026 FIFA World Cup after defeating France 6-4 in the third-place playoff on Saturday.

Last Update: ، 2026/07/27 Time 07:18:53
Latest News:

Yemeni Ambassador, University of Jordan President Discuss Expanding Academic Cooperation

'MASAM' Removes 5653 of Houthis-Laid Landmines, UXO In July

Al-Khanbashi Avows Support for Judicial Authority to Protect Public Funds

Prime Minister Chairs Government Meeting to Review Latest Developments, Response Plans

Yemen’s Ambassador Meets Morocco’s Minister of Solidarity, Social Integration

Yemen, Saudi Arabia sign oil treaty

[13/04/2021 06:28]

RIYADH-SABA
The Government of Yemen represented by Minister of Electricity and Energy Anwar Kalshat and Saudi Program for Development and Reconstruction in Yemen represented by the General Sponsor of the program Mohammad Al Jaber signed Tuesday a treaty for importing 1.2 million ton of oil derivatives for operating power stations.

The treaty worth USD 422 million and comes in response to the government's demand for alleviating suffering of Yemeni people and supporting national economy.

Minister Kalshat praised Saudi continuous support to Yemen, describing support of energy sector as vital support for operating power station and helping economic recovery.

For his part, the Saudi Ambassador to Yemen Al Jaber, who is the sponsor of the program, made it clear that the donation aims at operating electric stations, improving infrastructure and helping improve services, confirming that the donation will help recovery of economic situation in Yemen.