RIYADH, Saudi Arabia, - Saudi Arabia and Yemen, signed on Sunday, a memorandum of understanding (MoU), to provide Yemeni power stations monthly, with oil substances worth 60 million U.S. dollars, Sabiq online news site reported.

The grant lasts three months and could be renewed upon agreement between both sides.

It aims to back the fast recovery of the Yemeni economy, after years of war and conflicts, between armed groups.

The grant would ensure continuous power supply to important facilities, mainly hospitals.

Saudi Arabia is leading a coalition, involved in the war in Yemen, against Houthi rebels.

It has been providing various financial and economic assistance to Yemen, to ease the war burdens on civilians.


Related Post

About Us

The website publishes the news, which is gathered from all the sectors of the country with keeping an eye on different sorts of news from all over the world. All kinds of news on our news website do not consist of any sort of content that can be called the prejudice one, that strategy keeps us away from adding up any useless extra content in the news.