Global outrage over Houthi missile attack near Makkah

October 29, 2016

Riyadh, Oct 29: The ballistic missile launched by the Houthi militias targeting the holy city of Makkah late on Thursday evoked worldwide condemnation on Friday with foreign ambassadors in Riyadh, key world leaders and prominent organizations joining Saudi society in unequivocally denouncing the “heinous act.”

makkah

In a uniform voice, ambassadors in the capital slammed the attack. The missile was intercepted by Saudi ground forces and downed 65 km from the holy city of Makkah.

German Ambassador Dieter W. Haller said: “We condemn this kind of attacks in strongest possible terms.” He said it is important for all stakeholders on Yemen to resume peace talks to find a solution according to the UN resolutions as proposed by its envoy Ismail Ould Cheikh Ahmed.

Speaking to Arab News on telephone from the US, Norwegian Ambassador Rolf Willy Hansen said the attack would be condemned by all peace-loving people. “I sincerely feel that these matters could be settled at a negotiating table peacefully.”

Finland’s Ambassador Pekka Voutilainen said: “That kind of missile attack on Saudi soil has to be condemned in the strongest possible words. It is not acceptable.” He said the UN has come with a road map to restore peace in Yemen. Houthi militias doing this will disturb the peace process, which is important to restore the political stability.

Indian Ambassador Ahmad Javed said: “Targeting a holy place must be strongly denounced.”

Belgian Ambassador Geert Criel said: “We are shocked by the attack on Saudi territory by the Houthi militias. This is absolutely unacceptable.” He said he hoped the cease-fire would continue in order to achieve the goal of the UN peace talks to restore political stability in Yemen.

Pakistan Ambassador Manzoor Ul Haq said: “The news of a missile attack targeting the holy city is shocking for every Muslim. We strongly condemn any attack against Makkah or any other part of the Kingdom.”

Turkish Ambassador Yunis Demirer said: “We strongly condemn the missile launch by Houthi militias toward Makkah, the most sacred place for Muslims ... We are relieved by the fact that the Saudi defense forces were able to intercept and destroy the missile.” He added: “Our Foreign Ministry also issued a separate statement condemning this attack.”

Bangladesh Ambassador Golam Moshi told Arab News that his country strongly condemns the heinous act of the Houthis. “This is not an attack on Saudi Arabia, it is willful aggression on Islam,” he said.

“Under the able leadership of Premier Sheikh Hasina, Bangladesh is prepared to send its troops to protect the holy cities of Makkah and Madinah,” the envoy said.

Meanwhile, Saudi Foreign Minister Adel Al-Jubeir said the attack has not only violated the peace agreement but also targeted Makkah, where Muslims from all parts of the world come for pilgrimage.

Arab coalition spokesman Brig. Gen. Ahmed Al-Assiri said: “Targeting the holiest place on the earth with a ballistic missile last night reveals the fake slogans of Houthi militias.”

Gulf Cooperation Council (GCC) Secretary-General Abdullatif Al-Zayani expressed the bloc’s strong condemnation of the attack.

“The GCC considers the brutal assault, which violates the sanctity of this country, a provocation for Muslims. It shows the Houthi disregard for Islamic holy sites. It is evident of the Houthi refusal to follow the will of the international community and their decisions to reach a political solution to the crisis,” Al-Zayani said in a statement.

Ahmed Aboul Gheit, secretary-general of the Arab League, pointed out that the attack was an unacceptable violation of the sanctity of the holy land. In a statement, Aboul Gheit said this is a serious escalation by the Houthi militias.

Describing the attack as a gross violation of the sanctity of the House of Allah, Shoura Council Speaker Abdullah Al-Asheikh said it is a blatant attack supported by the Iranian regime’s agents in Yemen. Al-Asheikh pledged the council’s support to all measures taken by the Saudi government to protect the sovereignty, security and stability of the country.

The Muslim World League said the attack has violated the sanctity of the holy place and also hurt the sentiments of the world Muslims.

UAE Foreign Minister Abdullah bin Zayed tweeted: “The Iranian regime supports a terrorist group which targets the holy city of Makkah. Is this an Islamic regime as it claims?”

Jordanian government spokesman Mohammed Al-Momani said that “such heinous acts serve neither the Yemeni cause, nor the Arab and Muslim causes.”

“Any attack against holy places would expand the cycle of violence,” Al-Momani said, while reiterating calls to adhere to legitimacy and restore security of Yemen.

Bahrain Foreign Minister Khaled bin Ahmad Al-Khalifah said: “Targeting Makkah is not only a violation of all international covenants, but it’s the biggest crime ever.”

Qatar’s Foreign Ministry said: “This is an outrageous aggression against the sanctity of the holiest Islamic shrine and a provocation for the religious sentiments of millions of Muslims around the world.”

Doha reiterated support to relentless Saudi efforts to ensure regional security and stability and its efforts to achieve peace in Yemen.

Egypt described the attack as “a dangerous development which targeted the innocent people who came for the pilgrimage.”

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News Network
May 13,2020

Riyadh, May 13: Saudi Arabia’s cabinet on Tuesday urged oil-producing nations not only to adhere to agreed cuts to production, but further reduce output to help restore balance in global oil markets, state news agency SPA reported.

In issuing the call to OPEC+, which includes members of the Organization of the Petroleum Exporting Countries plus Russia and other nations, ministers said the Kingdom is committed to supporting the stability of global oil markets.

After the meeting, acting Minister of Media Majed Al-Qasabi said that in addition to its commitment to the OPEC+ agreement, the Kingdom will voluntarily reduce output by an additional 1 million barrels a day in June. It will also try to implement additional cuts this month, with the consent of its customers, he added.

The cabinet said the Saudi initiatives aim to encourage other countries, whether they have signed up to the OPEC+ agreement or not, to adhere to its reduced rates and to cut output even further to help stabilize global oil markets.

During the cabinet meeting, which was conducted using video conferencing, King Salman also briefed ministers on his recent telephone conversation with US President Donald Trump. He said they affirmed the historical and strategic relationship between the two countries and their commitment to the continuation of joint efforts to enhance security and stability in the region.

Ministers were then updated on the latest developments in the corona virus crisis, including the steps being taken locally and internationally to control it and safeguard public health, the number of cases in the Kingdom and the care being provided to those who are infected. They also reviewed details of the active screening and testing programs in all parts of the country, which have helped to keep the number of deaths relatively low compared to global rates.

The cabinet praised the efforts being made by government officials to combat the pandemic, and stressed that citizens and expatriates must abide by the precautionary and preventive measures introduced to prevent the spread of the virus.

Ministers described the decision by Saudi Arabia to host the Pledging Event for the Humanitarian Crisis in Yemen 2020 on June 2 as an extension of the Kingdom’s humanitarian and development contribution, which reflects its pioneering role in supporting its neighbor.

The cabinet also welcomed the formation of the new government in Iraq and reiterated Saudi Arabia’s support for the nation and its readiness to work with the new administration to strengthen relations and enhance security and stability in the region.

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Agencies
June 18,2020

Riyadh, Jun 18: Minister of Tourism Ahmed Al-Khateeb said that Saudi Arabia will resume tourist activities at the end of Shawwal (June 21) after a hiatus of more than three months due to lockdown measures imposed following the outbreak of coronavirus pandemic.

The minister made the remarks during a television interview after chairing the emergency meeting of the Arab Ministerial Council for Tourism on Wednesday. He said that the current indications are positive and that the Kingdom is ready to launch the summer program, which will be a boost for domestic tourism.

“It was revealed in a research study carried out by the Tourism Authority that 80 percent of Saudi citizens want to take advantage of domestic tourism. We will launch the domestic tourism program for the public after having made necessary coordination with the Ministry of Health and the concerned higher authorities,” he said.

Several Arab tourism ministers and officials of the relevant organizations attended the meeting, which discussed the challenges that the region’s tourism sector is facing due to the pandemic. Al-Khateeb pointed out that the Arab Ministerial Council for Tourism, headed by Saudi Arabia, held the virtual session in exceptional circumstances to discuss ways to get out of this pandemic and revitalize the tourism sector.

“Saudi Arabia has initiated a package of financial stimulus activities with a total value of more than $61 billion to protect jobs and businesses and reduce the economic burden of the crisis. The domestic tourism sector has benefited from it as one of the important economic sectors, as it covered 60 percent of salaries of Saudi employees in the private sector for a period of three months,” he added.

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Agencies
June 18,2020

New Delhi, Jun 18: Reliance Industries Ltd on Thursday said it has sold a 2.32 per cent stake in its digital unit to Saudi Arabia's Public Investment Fund (PIF) for Rs 11,367 crore, taking the cumulative fund raising to about Rs 1.16 lakh crore in two months.

Starting with Facebook Inc on April 22, Reliance has sold almost 25 per cent of equity in Jio Platforms - the maximum reports suggest the company intends to dilute to financial investors.

The investment by Saudi sovereign wealth fund is "at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore", the company said in a statement.

With this investment, Jio Platforms has raised Rs 115,693.95 crore from some of the leading global investment powerhouses at a time when the world is deeply impacted by the coronavirus pandemic, resulting in a recession kind of environment for the global economy.

"With the addition of PIF's investment, Jio Platforms has established partnerships with a marquee set of global financial investors, who will contribute to establishing the Digital Society vision for India," the statement said.

Jio Platforms houses India's biggest telecom firm by subscribers, Reliance Jio. With more than 388 million users, Jio has forced out several rivals and driven consolidation in the sector since entering the market in 2016 with free voice services and cut-price data.

Over the past two months, billionaire Mukesh Ambani's oil-to-telecom conglomerate has announced the sale of about $14 billion of assets, completed a Rs 53,124 crore rights issue and slowed the run rate of new investment by a quarter.

These will help Reliance meet its target of paying off Rs 1.61 lakh crore of net debt by the end of the year.
This is PIF's largest investment into the Indian economy to date.

Ambani, chairman and managing director of Reliance Industries, said, "We at Reliance have enjoyed a long and fruitful relationship with the Kingdom of Saudi Arabia for many decades. From oil economy, this relationship is now moving to strengthen India's New oil (data-driven) economy, as is evident from PIF's investment into Jio Platforms."

Yasir Al-Rumayyan, governor of PIF, commented: "We are delighted to be investing in an innovative business which is at the forefront of the transformation of the technology sector in India. We believe that the potential of the Indian digital economy is very exciting and that Jio Platforms provides us with an excellent opportunity to gain access to that growth."

"This investment will also enable us to generate significant long-term commercial returns for the benefit of Saudi Arabia's economy and our country's citizens, in line with our mandate to safeguard and grow the national wealth of the Kingdom," he said.

The transaction is subject to Indian regulatory and other customary approvals.

Morgan Stanley acted as financial advisor to Reliance Industries and AZB & Partners and Davis Polk & Wardwell acted as legal counsels.

Prior to this deal, Reliance had sold 22.38 per cent of Jio Platforms to investors including Facebook Inc, securing Rs 104,326.95 crore in eight weeks.

Facebook kicked off the party, investing Rs 43,573.62 crore for a 9.99 per cent stake on April 22. This was closely followed by a further Rs 60,753.33 crore in investment.

Silver Lake - the world's largest tech investor - bought a 1.15 per cent stake in Jio Platforms for Rs 5,665.75 crore on May 4. It invested another Rs 4,546.80 crore for additional 0.93 per cent stake on June 5, taking its total holding to 2.08 per cent
Private equity KKR and Vista Equity Partners have taken 2.32 per cent stake each for Rs 11,367 crore apiece. KKR invested in Jio Platforms on May 22 while Vista invested on May 8.

Abu Dhabi sovereign wealth fund Mubadala Investment Co picked up 1.85 per cent in Jio Platforms for Rs 9,093.60 crore on June 5. Abu Dhabi Investment Authority on June 7 invested Rs 5,683.50 crore for a 1.16 per cent stake in Jio Platforms.

On May 17, global equity firm General Atlantic picked up 1.34 per cent stake in Jio Platforms for Rs 6,598.38 crore.

Global investment firm TPG on June 13 picked up 0.93 per cent for Rs 4,546.80 crore while L Catterton bought 0.39 per cent for Rs 1,894.50 crore.

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