Aramco unit gives $2m to help fight virus

Aramco unit gives $2m to help fight virus
Al-Buainain: This amount is to support our heroes in the health sector. (Reuters)
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Updated 03 April 2020

Aramco unit gives $2m to help fight virus

Aramco unit gives $2m to help fight virus
  • Aramco Trading Company donated to a health fund set up by the Saudi Ministry of Health

LONDON: A Saudi Aramco unit has given $2 million to aid the fight against the coronavirus.

Aramco Trading Company donated the money to the Health Endowment Fund established by the Kingdom’s Ministry of Health.

“It is important that during such tough times, Saudi corporations and individuals continue to demonstrate solidarity behind those fighting on the front lines to withstand this pandemic,” said Ibrahim Q. Al-Buainain, president and CEO of Aramco Trading.




Ibrahim Q. Al-Buainain, president and CEO of Aramco Trading. (Supplied)

“This amount is to support our heroes in the health sector who are working around the clock to ensure that our people and community are safe.”

He added: “Although this global pandemic is spreading rapidly as the days go by, we are confident that our government is taking unprecedented measures to minimize its impact on our nation.”

Despite the effect of the pandemic on the global energy sector, ATC has maintained uninterrupted operations through its offices in London, Singapore and the UAE.

On Thursday the Saudi health ministry said that deaths from the illness had risen to 21 while 1,885 infections were reported.

The Kingdom also said it was implementing a 24-hour curfew in the holy cities of Makkah and Madinah to curb the spread of coronavirus, the Saudi Press Agency reported.


Saudi ports container handling rises 6% in December

Saudi ports container handling rises 6% in December
Updated 49 min 9 sec ago

Saudi ports container handling rises 6% in December

Saudi ports container handling rises 6% in December
  • The total cargo tonnage handled at Saudi ports in December 2020 reached more than 26 million tons
  • This increase comes as a result of the current development processes that includes raising the level of operational and logistical performance and enhancing the competitiveness of the services provided to beneficiaries

Saudi ports saw an increase of 6 percent year-on-year (YoY) in the number of containers handled in December 2020 to 631,000 twenty-foot equivalent unit (TEU).

The total cargo tonnage handled at Saudi ports in December 2020 reached more than 26 million tons, via 1,032 vessels, according to the monthly statistical bulletin of Saudi Ports Authority (Mawani).

The total vehicles cargo reached 89,000, while livestock cargo rose by 18 percent to reach more than 173,000.

This increase comes as a result of the current development processes that includes raising the level of operational and logistical performance and enhancing the competitiveness of the services provided to beneficiaries, in addition to developing quays and raising the capabilities of the infrastructure and capacities in such a vital sector, thus fulfilling the requirements of development, the national economy and global supply chains, Mawani said.