Exclusive Follow-ups – Al-Khabar Al-Yemeni:In a new painful blow to the Saudi economic and investment structure, the German lubricants giant “FUCHS” officially announced its departure and the suspension of its operations in Yanbu city until further notice, against the backdrop of the catastrophic security repercussions of the military strikes directed by the Yemeni Armed Forces.The German company stated in an official release that it had decided to completely halt its operations at its facility in Yanbu, justifying this exceptional decision by “preserving the safety of its employees and workers,” following Yanbu’s being subjected to a strong strike on July 25 by the Yemeni Armed Forces.This sudden German withdrawal once again confirms the inability of the defense systems and Riyadh to provide the minimum level of security for vital facilities and foreign companies, coinciding with the collapse of international companies’ trust in the economic security of the Saudi depth.This investment flight of “FUCHS” integrates with the deteriorating economic scene in Riyadh; as the Saudi regime swallows the bitterness of the naval blockade on Saudi navigation imposed by the Yemeni Armed Forces in Bab Al-Mandeb, the historic contraction of the Saudi economy by 4.8%, the collapse of oil prices, and the denial of insurance coverage for ships.
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