Saudi Arabia signs $10 million Financial Memorandum to solve Safer oil tanker crisis

Royal court adviser and General Supervisor of the King Salman Center for Relief and Humanitarian Action, Abdullah bin Abdulaziz al-Rabiah. (SPA)
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Updated 26 September 2022
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Saudi Arabia signs $10 million Financial Memorandum to solve Safer oil tanker crisis

Saudi Arabia signed a $10 million Financial Memorandum to solve the Safer oil tanker crisis, currently anchored off the Yemeni coast, SPA reported on Sunday. 

The kingdoms royal court adviser and General Supervisor of the King Salman Center for Relief and Humanitarian Action, Abdullah bin Abdulaziz al-Rabiah, signed the agreement with the UN Humanitarian Coordinator for Yemen, David Gressly, in New York City, on the sidelines of the 77th session of the United Nations General Assembly.

The two officials also discussed the humanitarian and relief efforts in Yemen, and ways to confront the humanitarian, economic and environmental threats of the Safer oil tanker.

Rabiah explained that the Kingdom’s contribution comes as an extension of its efforts to save the Safer tanker and to support international efforts to prevent any potential disasters that may result from it.

It contains more than one million barrels of oil and has not been maintained since 2015.


Prince Faisal: Saudi Arabia’s UAE relationship ‘critically important’ for regional stability

Saudi Arabia’s Foreign Minister Prince Faisal bin Farhan and Poland’s Foreign Affairs Minister (unseen) give a press conference.
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Prince Faisal: Saudi Arabia’s UAE relationship ‘critically important’ for regional stability

LONDON: The UAE’s withdrawal from Yemen is the “building block” for a strong relationship with Saudi Arabia that will help regional stability, the Kingdom’s foreign minister said on Monday.
Prince Faisal bin Farhan said there had been a “difference of view” between the two countries over Yemen but insisted their relationship was “critically important.”
“It is an important element of regional stability and therefore the Kingdom is always keen on having a strong, positive relationship with the UAE as a important partner within the GCC,” Prince Faisal told a press conference during his visit to Poland.
“Obviously, when it comes to Yemen there is a difference of view. The UAE has now decided to leave Yemen, and I think if that indeed is the case and the UAE has completely left the issue of Yemen, then the Kingdom of Saudi Arabia will take responsibility.
“I think that will be the building block for making sure that the relationship with UAE continues strong and continues to serve the interest not just of both countries but the region.”