Saudi oil derivatives grant to spare Yemen $2m a day

Yemen's central bank in Sanaa. (File photo)
Updated 01 November 2018

Saudi oil derivatives grant to spare Yemen $2m a day

  • The Saudi grant of oil derivatives reached the port of Aden carrying 62,000 tons of diesel, 25,000 tons of diesel oil
  • A total of 8.5 million Yemenis will benefit from the grant

JEDDAH: The governor of the Central Bank of Yemen, Dr. Mohamed Zemam, has said that the granting of Saudi oil derivatives worth $60 million addresses the daily needs of the Yemeni people.

He noted that this move will save about $2 million a day or YR1,400 billion. It will save YR42 billion a month and YR504 billion a year.

“The Saudi grant will fill the deficit in this year’s Yemeni budget at a time where the budget deficit for the first nine months of 2018 reached YR461 billion,” Zemam said. “It will save the state an amount it used to pay for oil derivatives.”

The Saudi grant of oil derivatives reached the port of Aden carrying 62,000 tons of diesel, 25,000 tons of diesel oil. It will be distributed to 10 Yemeni provinces and will help to operate 64 power stations around the clock under the supervision and monitoring of the Yemeni government.

A total of 8.5 million Yemenis will benefit from this grant, Zemam said. 


Tatweer opens registration for new academic year in Saudi Arabia

In the next four years, the company aims to provide services for 1.2 million students throughout the Kingdom. (SPA)
Updated 20 August 2019

Tatweer opens registration for new academic year in Saudi Arabia

  • The company added that parents can communicate with a supervisor for any inquiries related to the service by calling 8001231000 for free

RIYADH: The Ministry of Education’s school transport service provider asked families to register their children for the upcoming academic year via their website’s Noor system.
They can access the school transport page on the Tatweer Education Holding Co. website to fill in the required data for registration. The company said that the service will be limited to registered students based on priority and entitlement criteria.
Tatweer said that it had simplified the registration process, which can be completed online or through supervisors of the transport service in government schools.
The company added that parents can communicate with a supervisor for any inquiries related to the service by calling 8001231000 for free.
They can also email [email protected] or get in touch on Twitter, Facebook, Instagram and YouTube.
In the next four years, the company aims to provide services for 1.2 million students throughout the Kingdom.