Saudi Arabian city of Najran hit by mortars; flights, schools suspended

May 6, 2015

Jeddah, May 6: Mortar shells and Katyusha missiles fired by Houthi rebels across the Yemeni border have hit a field hospital, school, cars and houses in the town of Najran, the Saudi-led coalition said on Tuesday.

Brig. Gen. Ahmed Assiri, coalition spokesman, said there were no casualties in the town. However, there were injuries reported at the field hospital.

saudi

Saudi Airlines has now suspended its operations to Najran until further notice. Director of Education in Najran Nasser Al-Manea visited the school affected by the shells, and later the department tweeted that the education minister had suspended all classes in the region. The department is now looking at ways to hold examinations.

“Air and ground forces will respond in the right way to these hazardous acts and will not allow them to be repeated,” Al-Assiri told Saudi TV.

The Saudi military had already deployed Apache combat helicopters to target the rebels in the border area.

He said that this type of attack had been expected, and was a reaction to attempts by the coalition to suspend military operations until humanitarian assistance could be delivered to the Yemeni people.

The Houthis had refused to abide by UN Resolution 2216 to lay down their arms, which showed that they have “no political program” and only intend to “kill for the sake of killing,” he said.

“I would like to reassure the citizens of Najran that the situation is under control, and ground troops and the Border Guard are now doing their job in dealing with the source of the fire and the elimination of those who dare to fire across the border. The Air Force will do its duties in this regard, and will not leave this matter to pass without a response.”

He said this is not a significant threat because the Saudi-Yemen border area is rugged mountainous terrain, “which allows for a few infiltrators with one mortar to cause losses at border posts.”

One shell fell on the house of a journalist in the city but did not cause any injury or loss of life. Another shell landed on a kindergarten school but the building was empty, a source said.

“No one was hurt when one of the mortars tore into a room on the second floor of the house of Saleh Al-Swan, the bureau chief of Al-Watan in Najran,” the source said. Al-Swan later said his family was safe.

Some of the mortars fell on open land, while others landed close to residential homes and caused slight damage to some cars and buildings, the source said.

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Agencies
March 15,2020

Riyadh, Mar 15: Saudi Aramco on Sunday reported a 20.6 percent drop in its net profit for 2019 due to low oil prices and production levels, the company said in a statement.

These are the first annual results to be announced by the energy giant after its historical $29.4 billion initial public offering and listing on the Saudi Tadawul market last December.

Aramco posted net profits of $88.2 billion last year compared to $111.1 billion in 2018, Monday's statement said.

"The decrease was primarily due to lower crude oil prices and production volumes, coupled with declining refining and chemical margins," it said.

The company also made $1.6 billion of impairment provisions for losses associated with Sadara Chemical Company, an Aramco subsidiary.

"2019 was an exceptional year for Saudi Aramco. Through a variety of circumstances -- some planned and some not -- the world was offered unprecedented insight into Saudi Aramco's agility and resilience," CEO Amin Nasser said.

"Our unique scale, low costs, and resilience came together to deliver both growth and world-leading returns, while also maintaining our position as one of the world's most reliable energy companies," Nasser said.

The earnings for last year are not affected by the coronavirus outbreak or the ongoing price war between Saudi Arabia and Russia that has sent oil prices crashing.

Aramco said it will distribute dividends worth $73.2 billion for 2019 but based on its commitments under the IPO, its dividends for the next five years starting this year will be at least $75 billion.

It said its capital spending last year dropped to $32.8 billion from $35.1 billion in 2018.

The company expects capital spending, which is expenditure on projects, to be between $25 billion and $30 billion this year "in light of current market conditions and recent commodity price volatility."

But it said that capital expenditure for 2021 and beyond is currently under review.

The results were announced amid a price war between Saudi Arabia and Russia after they failed to agree on additional output cuts to support prices dented by the outbreak of the coronavirus pandemic.

"The recent COVID-19 outbreak and its rapid spread illustrate the importance of agility and adaptability in an ever-changing global landscape," Nasser said.

The kingdom said last week Aramco will pump 12.3 million barrels of oil per day, boosting output by at least 2.5 million bpd.

It also announced plans to raise production capacity from 12 million bpd to 13 million bpd.

Forecasts for future crude prices and demand are also bleak.

In its latest monthly report, the Organization of Petroleum Exporting Countries lowered its forecast for global average daily demand by 0.92 million barrels to 99.73 million barrels.

Saudi Arabia is also in the midst of a royal purge that saw King Salman's brother and nephew detained after sources said they were accused of plotting a palace coup to unseat the crown prince, heir to the Saudi throne.

Aramco shares rallied immediately after the listing on December 11, rising by 19 percent to 38 riyals ($10.1) and temporarily lifting the company's valuation above the $2 trillion mark, which was sought by Crown Prince Mohammed bin Salman, Saudi Arabia's de facto ruler.

But as oil prices tumble, Aramco shares have lost 29 percent from its highest point, slipping below the listing price.

On Thursday, Aramco's market value dropped to around $1.55 trillion, but it still remains the world's largest publicly listed company.

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News Network
January 7,2020

Tehran, Jan 7: Iranian state television says 35 people have been killed and 50 others injured in a stampede that erupted at a funeral procession for a general slain in a US airstrike.

The TV says the stampede erupted in Kerman, the hometown of Gen. Qassem Soleimani where the procession was underway on Tuesday.

A procession in Tehran on Monday drew over 1 million people in the Iranian capital, crowding both main thoroughfares and side streets in Tehran.

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News Network
May 31,2020

Dubai, May 31: As many as 84 beggars have been arrested in Dubai during the Eid Al Fitr holiday, the Dubai Police have said.

The arrests were carried out as part of their anti-begging campaign to prevent begging during the holy month of Ramadan.

Some illegal vendors, too, have been arrested in different areas of the emirate, the police added.

Colonel Ali Salem, Director of the Infiltrators Department at the Criminal Investigations Department of Dubai Police, said that the campaign aims to maintain the safety and security of the society, adding that the campaign was successful and helped reduce the number of beggars across the emirate.

He called on the public to report begging activities to the number 901 or the Dubai Police app.

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