Houthi missile attack an act of war by Iran; we have right to respond: Saudi Arabia

Agencies
November 7, 2017

Jeddah, Nov 7: Senior officials of Saudi Arabian government have termed the recent missile attack on Riyadh by Houthi rebels as an act of war by Iran, which according to them backs the rebels.

“The Kingdom reserves the right to respond in a timely manner to the hostile actions of the Iranian regime,” Saudi Foreign Minister Adel Al-Jubeir said.

“Iranian interventions in the region are detrimental to the security of neighboring countries and affect international peace and security. We will not allow any infringement of our national security.”

According to Saudi, Iran had supplied the ballistic missile which was fired into Saudi Arabia on Saturday night by Houthi rebels in Yemen. Saudi defense forces intercepted the missile and shot it down over King Khaled International Airport in Riyadh, and there were no casualties.

“Iran’s role and its direct command of its Houthi proxy in this matter constitute a clear act of aggression that targets neighboring countries, and threatens peace and security in the region and globally,” the Saudi-led coalition in Yemen said on Monday.

“Therefore, the coalition’s command considers this a blatant act of military aggression by the Iranian regime, and could rise to be considered as an act of war against the Kingdom of Saudi Arabia.

“The coalition command also affirms that the Kingdom reserves its right to respond to Iran at the appropriate time and in the appropriate manner.”

The Coalition Forces Command ordered the temporary closure on Monday of all air, sea and land ports in Yemen, except for aid workers and humanitarian supplies.

Col. Turki Al-Maliki, spokesman for the coalition, produced evidence on Sunday that Iran supplied weapons and technology to the Houthis, including ballistic missiles, launchers, aerial drones, land and naval mines and improvised explosive devices.

Bahraini Foreign Minister Sheikh Khaled bin Ahmed Al-Khalifa said Iran was a danger to the region, and the Harvard scholar and Iranian affairs expert Majid Rafizadeh said the international community should hold Tehran accountable.

“Compromises, concessions and diplomatic maneuvering don’t work with the Iranian regime,” he told Arab News. “Iranian leaders view concessions as weakness.”

He called for a combination of economic sanctions, political pressure and enhanced monitoring of Iran’s illegal activities. “Tehran’s exports and imports should be closely examined and restricted. The US, EU and Arab powers should form a military front, like NATO, as a bulwark against the Iran regime.”

Rafizadeh said Iran was the leading state sponsor of terrorism. “The UN should invoke UN Resolution 2231 and immediately punish Tehran for violating it. Otherwise, Tehran’s belligerent behavior will continue to grow. This can turn the regional conflict into a conflagration.”

UN Security Council Resolution 2231 adopted the 2015 Iranian nuclear deal, but also imposed restrictions on Iran’s use of some ballistic missiles.

Thomas Mattair, executive director of the Middle East Policy Council in Washington, told Arab News: “Iran should not expect to be able to facilitate attacks on Saudi Arabia without paying some consequences.”

Dr. Hamdan Al-Shehri, a Saudi political analyst and international relations scholar in Riyadh, said the international community should have prevented Iran from creating havoc in the region.

“Things would not have reached this pass if the world community had taken measures against Iran and its arming of militias such Hezbollah and the Houthis,” he told Arab News. “The world’s inaction led Iran to believe that it can basically get away with murder.”

He condemned Iran for first attacking Makkah in July, and now Riyadh. “They want to kill innocent people and spread terror; this is their only business.”

The world community, and specifically the US and Russia, must pressurize Iran to give up its hostility to Arab countries, Al-Shehri said. “Now is the time to act.”

Al-Shehri said the missile attack on Riyadh was a “declaration of war” on Saudi Arabia.

“Saudi Arabia will not sit idle and will not wait for the international community to do nothing,” he said. “Foreign Minister Adel Al-Jubeir has made it clear that Saudi Arabia, in coordination with its Arab allies, reserves the right to defend its sovereignty and its people.”

Al-Shehri said all options were on the table and all measures were being explored. “The Saudi leadership will decide what option and measures to go for and when,” he said. “One thing is clear, this Iranian-Hezbollah-Houthi provocation and attack will not go unpunished.”

Among the options, he said, was directly confronting Iran. “A fitting Saudi response will come at a time and place of its choosing.”

David Pollack, a scholar at the Washington Institute for Near East policy, said Saudi Arabia “generally has a valid case. The Arab coalition and its international partners, including the US, should intensify maritime and land interdiction efforts, including via Oman.”

Aaron David Miller, vice president for new initiatives and Middle East program director at the Woodrow Wilson Center for International Scholars, speculated that Saudi Arabia had reached a “firm understanding” with the US that should tensions with Iran escalate, “the US will be there to support” the Kingdom.

King Salman and President Donald Trump spoke by phone on Saturday and discussed the Houthi missile attack and Iran’s involvement in the region.

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News Network
January 20,2020

Davos, Jan 20: India's richest 1 per cent hold more than four-times the wealth held by 953 million people who make up for the bottom 70 per cent of the country's population, while the total wealth of all Indian billionaires is more than the full-year budget, a new study said on Monday.

Releasing the study 'Time to Care' here ahead of the 50th annual meeting of the World Economic Forum (WEF), rights group Oxfam also said the world's 2,153 billionaires have more wealth than the 4.6 billion people who make up 60 per cent of the planet's population.

The report flagged that global inequality is shockingly entrenched and vast and the number of billionaires has doubled in the last decade, despite their combined wealth having declined in the last year.

"The gap between rich and poor can't be resolved without deliberate inequality-busting policies, and too few governments are committed to these," said Oxfam India CEO Amitabh Behar, who is here to represent the Oxfam confederation this year.

The issues of income and gender inequality are expected to figure prominently in discussions at the five-day summit of the WEF, starting Monday. The WEF's annual global risks Report has also warned that the downward pressure on the global economy from macroeconomic fragilities and financial inequality continued to intensify in 2019.

Concern about inequality underlies recent social unrest in almost every continent, although it may be sparked by different tipping points such as corruption, constitutional breaches, or the rise in prices for basic goods and services, as per the WEF report.

Although global inequality has declined over the past three decades, domestic income inequality has risen in many countries, particularly in advanced economies and reached historic highs in some, the Global Risks Report flagged last week.

The Oxfam report further said "sexist" economies are fuelling the inequality crisis by enabling a wealthy elite to accumulate vast fortunes at the expense of ordinary people and particularly poor women and girls.

Regarding India, Oxfam said the combined total wealth of 63 Indian billionaires is higher than the total Union Budget of India for the fiscal year 2018-19 which was at Rs 24,42,200 crore.

"Our broken economies are lining the pockets of billionaires and big business at the expense of ordinary men and women. No wonder people are starting to question whether billionaires should even exist," Behar said.

As per the report, it would take a female domestic worker 22,277 years to earn what a top CEO of a technology company makes in one year.

With earnings pegged at Rs 106 per second, a tech CEO would make more in 10 minutes than what a domestic worker would make in one year.

It further said women and girls put in 3.26 billion hours of unpaid care work each and every day -- a contribution to the Indian economy of at least Rs 19 lakh crore a year, which is 20 times the entire education budget of India in 2019 (Rs 93,000 crore).

Besides, direct public investments in the care economy of 2 per cent of GDP would potentially create 11 million new jobs and make up for the 11 million jobs lost in 2018, the report said.

Behar said the gap between rich and poor cannot be resolved without deliberate inequality-busting policies, and too few governments are committed to these.

He said women and girls are among those who benefit the least from today's economic system.

"They spend billions of hours cooking, cleaning and caring for children and the elderly. Unpaid care work is the 'hidden engine' that keeps the wheels of our economies, businesses and societies moving.

"It is driven by women who often have little time to get an education, earn a decent living or have a say in how our societies are run, and who are therefore trapped at the bottom of the economy,” Behar added.

Oxfam said governments are massively under-taxing the wealthiest individuals and corporations and failing to collect revenues that could help lift the responsibility of care from women and tackle poverty and inequality.

Besides, the governments are also underfunding vital public services and infrastructure that could help reduce women and girls' workload, the report said.

As per the global survey, the 22 richest men in the world have more wealth than all the women in Africa.

Besides, women and girls put in 12.5 billion hours of unpaid care work each and every day -- a contribution to the global economy of at least USD 10.8 trillion a year, more than three times the size of the global tech industry.

Getting the richest one per cent to pay just 0.5 per cent extra tax on their wealth over the next 10 years would equal the investment needed to create 117 million jobs in sectors such as elderly and childcare, education and health.

Governments must prioritise care as being as important as all other sectors in order to build more human economies that work for everyone, not just a fortunate few, Behar said.

Oxfam said its calculations are based on the latest data sources available, including from the Credit Suisse Research Institute's Global Wealth Databook 2019 and Forbes' 2019 billionaires list.

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News Network
July 1,2020

New Delhi, Jul 1: 18,653 COVID-19 cases have been reported in India in the last 24 hours, taking the country's tally of coronavirus cases to 5,85,493, informed the Union Health and Family Welfare Ministry on Wednesday.

As per the Ministry, there are presently 2,20,114 active cases in the country. The number of patients cured/discharged and migrated stands at 3,47,979.

507 deaths due to COVID-19 were reported in the last 24 hours taking the total deaths due to the virus to 17,400.

According to the ministry, Maharashtra is the worst-affected state by the virus with 1,74,761 cases including 7,855 fatalities.

Tamil Nadu is the second worst-hit state with 90,167 cases including 1,201 deaths. Meanwhile, Delhi has a total of 87,360 cases.

The Indian Council of Medical Research said that a total number of 86,26,585 tested up to June 30 of which 2,17,931 samples were tested on Tuesday.

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Arab News
March 9,2020

Dubai, Mar 9: The eyes of the world will be on the oil markets when the big trading hubs in Europe and North America open following the end of the deal between Saudi Arabia and Russia that has helped to sustain crude at relatively high levels for the past three years.

There were big falls on Friday when ministers from the Organization of the Petroleum Exporting Countries (OPEC) failed to get a deal with non-OPEC members — the so-called OPEC+ — to extend output agreements. Brent oil was down nearly 10 percent at $45.27 going into the western weekend.

Saudi Aramco took immediate action to cut prices after the OPEC+ collapse, offering big discounts for crude deliveries from next month, when the current output restrictions end.

According to a notification sent to customers by Saudi Aramco, seen by Arab News, the Kingdom’s oil giant will cut between $4 and $8 per barrel, with the biggest discounts being offered to buyers in northwest Europe and the US.

Roger Diwan, an oil analyst at consultancy IHS Market, said: “We are likely to see the lowest oil prices of the past 20 years in the next quarter.”

West Texas Intermediate, the US oil benchmark, fell to $28.27 in November 2001.

The move raises the possibility of a “crude war” between the three biggest oil blocs — the US, Russia and the Arabian Gulf. Some analysts believe the American shale industry is more vulnerable to low prices than either the Russians or the Saudis.

Robin Mills, head of the Qamar consultancy, told Arab News: “I don’t think this was premeditated but Saudi Arabia has clearly swung quickly into action to put the Russians under pressure. But the Russians, with low debt and a flexible exchange rate, can cope with a few months of low prices.”

The boom in US shale has made the country the biggest oil producer in the world, but with high financing costs. Lower global prices would put a lot of shale companies out of business.

On the other hand, American motorists, and President Donald Trump, would be pleased to see lower fuel prices in an election year.

In Moscow, one prominent financier with ties to the Kingdom played down the long-term significance of the Vienna fallout.

Kirill Dmitriev, chief executive of the Russian Direct Investment Fund, told Arab News: “Saudi Arabia is our strategic partner, and cooperation between our two countries will continue in all areas. We will also continue to work within the framework of the Russia-Saudi Economic Council.”

One Russian official, who asked not to be named, added: “There is a good relationship between Alexander Novak, Russian energy minister, and his Saudi counterpart Prince Abdul Aziz bin Salman, and I am sure they will continue talking to each other less formally.”

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