WFP chief seeks millions from donors for food

Up to 30 million people, including Syrian refugees, are at risk of starvation from war and the pandemic, according to WFP chief David Beasley. (AFP)
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Updated 10 October 2020
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WFP chief seeks millions from donors for food

  • David Beasley’s plea comes as UN agency awarded Nobel Peace Prize on Friday

UNITED NATIONS: Even before the coronavirus disease (COVID-19), World Food Programme (WFP) chief David Beasley was warning the world would face its worst humanitarian crisis in 2020 since the Second World War.

That was due to wars in Syria, Yemen and elsewhere, locust swarms in Africa, frequent natural disasters, and economic crises including in Lebanon, Congo, Sudan and Ethiopia. Then came COVID-19 which quickly became a pandemic, escalating the need for food — and UN Secretary-General Antonio Guterres says it is still not under control.

Beasley, who caught COVID-19 in April, has spent the months since he recovered reaching out to world leaders and visiting stricken countries with a new warning: Millions of people are closer to starvation because of the deadly combination of conflict, climate change and the pandemic.

He said the WFP and its partners were going all out to reach as many as 138 million people this year, “the biggest scale-up in our history.”

Beasley urged donors, including governments and institutions, to help, and he made a special appeal to the more than 2,000 billionaires in the world, with a combined net worth of $8 trillion, to open their bank accounts.

The awarding of the Nobel Peace Prize on Friday to the UN food agency was not just a tribute to its work in this COVID-ravaged year, but as the Nobel committee made clear it was also a plea for unity and multilateral cooperation to tackle global challenges as the WFP has done.

Beasley called the award “a humbling, moving recognition of the work of WFP staff who lay their lives on the line every day to bring food and assistance for close to 100 million hungry children, women and men across the world — people whose lives are often brutally torn apart by instability, insecurity and conflict.”

He also paid tribute to the agency’s government, organizations and private sector partners.

“Every one of the 690 million hungry people in the world today has the right to live peacefully and without hunger,” Beasley said.

While the food crisis is mainly the result of conflict, Beasley said in April that he raised the prospect of a hunger pandemic because of the economic impact of COVID-19.

He told the UN Security Council last month that 30 million people who rely solely on the WFP for food would die without help, and that the WFP needed $4.9 billion to feed them for a year.

“We’re doing just about all we can do to stop the dam from bursting,” Beasley said. “But, without the resources we need, a wave of hunger and famine still threatens to sweep across the globe. It will overwhelm nations ... already weakened by years of conflict and instability.”

The WFP’s logistics operation is key to delivering food to tens of millions, and lockdowns and closed borders have created immense difficulties for the agency.

Beasley has stressed containment measures needed to be balanced with keeping supply chains open, having expressed concern over shutdowns impeding food and medical deliveries.

“There is a grave danger that many more people will die from the broader economic and social consequences of COVID-19 than from the virus itself, especially in Africa,” he previously stated.


Aramco’s 13% rally helps Saudi stocks post second weekly gain

Updated 12 March 2026
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Aramco’s 13% rally helps Saudi stocks post second weekly gain

RIYADH: Saudi Aramco extended its year-to-date rally to nearly 13 percent on Thursday, helping the Kingdom’s benchmark stock index secure a second straight weekly gain despite a weaker final trading session.  

Saudi Aramco shares, which carry the heaviest weighting on the Saudi Exchange, closed at SR26.86 ($7.16), leaving the stock 12.72 percent higher since the start of 2026. The stock also remained 3.09 percent above last week’s close, even after falling 1.1 percent in Thursday’s session.

The rise in energy shares came as escalating tensions in the Middle East pushed oil prices above $100 a barrel, after attacks on tankers in the Gulf and the Strait of Hormuz heightened concerns over supply disruptions.

The Tadawul All Share Index maintained its weekly uptrend, rising nearly 1.07 percent week on week to close at 10,778.32, despite falling 0.45 percent in Thursday’s session. Compared with the first trading day of the year, the index has gained 4.01 percent.

Total trading turnover on the benchmark index reached SR5.05 billion at Thursday’s close, with 88 stocks advancing and 176 declining.

Aramco’s performance continued to anchor sentiment after the company reported adjusted net income of $104.7 billion for 2025 earlier this week, while net profit fell 12.1 percent year on year to $93.39 billion, compared with $106.25 billion in 2024, as lower crude prices weighed on earnings despite higher sales volumes across oil, gas and refined products.

On a March 10 earnings call, Aramco CEO Amin Nasser warned that prolonged disruption in the Strait of Hormuz could have severe implications for global energy markets. Roughly 20 percent of the world’s oil normally passes through the waterway each day, but shipments have been largely blocked.

“There would be catastrophic consequences for the world’s oil markets and the longer the disruption goes on ... the more drastic the consequences for the global economy,” he said.

“While we have faced disruptions in the past, this one by far is the biggest crisis the region’s oil and gas industry has faced.”

Saudi equities showed mixed performance in Thursday’s session. The MSCI Tadawul Index fell 5.99 points, or 0.40 percent, to close at 1,476.76.

The Kingdom’s parallel market Nomu gained 132.47 points, or 0.6 percent, to close at 22,370.4, with 38 stocks advancing and 34 declining.

On March 11, the International Energy Agency announced the release of 400 million barrels of oil from its reserves, the largest such move in its history. As part of that, the US said it would release 172 million barrels starting next week.