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Saudis 'intercept' Houthi missile near Yemen border

Agencies
January 5, 2018

Saudi Arabia says it has intercepted a ballistic missile fired towards the country by Yemen's Houthi rebels.

The Saudi statement came just hours after the Yemeni group claimed to have launched the attack.

State-owned TV channel Al Ekhbariya reported on Friday that Saudi defence forces intercepted the missile over Najran, a region straddling the kingdom's southern border with Yemen, before it could hit its intended target.

Al Masirah, a TV network run by the Houthi rebels, said the group claimed responsibility for the attack via Twitter, saying it had a "successful launch of a short range ballistic missile at a military target in Saudi Arabia".

It said the the rebels fired a Qaher-2M missile of Soviet origin towards a military installation in Najran. The missile has a range of up to 400km.

Saudi retaliation

Al Masirah also said that within hours of the missile attack, the Saudi coalition bombing Yemen retaliated with several air raids on Saada, an impoverished Houthi stronghold.

Al Jazeera could not independently verify the network's claims.

Saudi Arabia, supported by the US and other countries, have launched more than 15,000 air attacks against Houthi targets since March 2015, while dozens of missiles have been fired into the kingdom from Yemen.

Last month, the Houthis said that one of their missiles hit a military target inside Saudi Arabia, without specifying the location.

Saudi officials, however, said they intercepted the missile.

The Saudi-led coalition has previously accused Iran of helping arm the Houthis, accusing Iran of "flagrant military aggression" and "manufacturing and smuggling [missiles] to the Houthi militias in Yemen for the purpose of attacking the Kingdom, its people, and vital interests".

Iran has repeatedly rejected allegations of arming the Houthis, calling them "malicious, irresponsible, destructive and provocative".

The war in Yemen, the region's poorest country, started in 2014 after Houthi rebels seized control of the capital Sanaa and began pushing south towards the country's third-biggest city, Aden.

Concerned by the rise of the Houthi rebels, believed to be backed by Saudi Arabia's regional rival Iran, the kingdom and a coalition of Sunni Arab states launched an intervention in 2015 in the form of a massive air campaign aimed at reinstalling President Abd-Rabbu Mansour Hadi's government.

Since then, more than 10,000 people have been killed and at least 40,000 wounded, mostly from Saudi-led air attacks.

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News Network
March 24,2020

Mar 24: Saudi Arabia has recorded its first death from the coronavirus in a 51-year-old Afghani resident, Health Ministry spokesman Mohammed Abdelali told a televised news conference on Tuesday.

The man's health deteriorated quickly after reporting to a hospital emergency room in the city of Medina and he died on Monday night, Abdelali said.

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News Network
May 5,2020

Abu Dhabi, May 5: The overall real GDP (gross domestic product) of the United Arab Emirates is estimated to have grown by 1.7 percent in 2019, the country’s central bank said in a statement on Monday carried by WAM.

"The UAE hydrocarbon sector is estimated to have exhibited a growth of 3.4 percent in 2019. However, non-oil activities advanced at a softer pace growing by 1.0 percent. As a result, overall real GDP is estimated by FCSA (Federal Competitiveness and Statistics Authority) to have grown by 1.7 percent in 2019," said the financial regulator in its Annual Report 2019.

"The spread of COVID-19 is expected to impact trade and supply chain movements, coupled with travel restrictions which paves way for high volatility in capital markets and commodity prices. While the outbreak is expected to negatively affect the global and domestic economies, it is still early to gauge the scale of the economic fallout," the report added.

The report noted that the higher hydrocarbon output, as well as growth in non-hydrocarbon economic activity, supported the pace of the country's overall economic growth in 2019.

"Meanwhile, the fading effect of VAT, the appreciating Dirham, lower energy prices and decline in rents pushed inflation in negative territory. However, the employment rate registered a steady rebound. Looking ahead, the economic outlook for 2020 remains uncertain owing to the COVID-19 outbreak," the report elaborated.

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News Network
January 3,2020

Hong Kong, Jan 3: Oil prices soared more than four per cent Friday following claims that the US had killed a top Iranian general, ratcheting up tensions between the foes and fuelling fears of a conflict in the crude-rich region.

The head of Iran's Quds Force, Qasem Soleimani, was hit in an attack on Baghdad international airport early Friday, according to Hased, a powerful Iraqi paramilitary force linked to Tehran.

Brent surged 4.4 per cent to USD 69.16 and WTI jumped 4.3 per cent to 63.84.

“Oil prices still have room for further upside as many analysts are still having to upgrade their demand forecasts to include a rather calm period on the trade front,” Moya said, referring to the warming trade relation between China and the United States.

“President Trump is likely to take a break on being ‘tariff man’ until we get beyond the presidential election in November.”

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