Saudis, UAE, Yemen ask UN to pressure Houthis

Arab News
February 2, 2019

Jeddah, Feb 2: Saudi Arabia, the UAE and Yemen on Thursday asked the UN Security Council to increase pressure on Houthi militias to respect a cease-fire deal. In a letter, the three governments accused the militias of violating the agreement in the port city of Hodeidah 970 times since it came into force on Dec. 18, 2018.

They asked the council to “impress upon the Houthis, and their Iranian backers, that they will be held responsible if their continued failure to comply... leads to the collapse of the Stockholm agreement.”

Yemen’s coalition-backed government and Houthi leaders agreed to the cease-fire and a redeployment of forces from Hodeidah during UN-brokered talks in Sweden last month.

UAE Minister of State for Foreign Affairs Anwar Gargash met with UN Secretary-General Antonio Guterres separately on Thursday to discuss problems in implementing the Stockholm deal.

“We understand that we need to exercise patience, but it can’t be infinite,” Gargash said. “We do not want to launch an offensive. What we want is for the UN and the international community to exert influence.”

The council also met behind closed doors to hear a report from UN envoy Martin Griffiths, after a fresh round of diplomatic talks with both sides.

A Yemeni army spokesman, Brig. Abdo Majali, said that the militias had violated the cease-fire in Hodeidah more than 760 times in the two weeks after it went into effect alone, including bombing residential neighborhoods, hospitals and schools.

He also accused Iran of complicity, saying it supported the militias by providing them with illegal munitions and land mines, later planted in populated areas.

Extensive air raid

Houthi commander Abdullah Jahaf, meanwhile, was killed in a coalition airstrike in the northwestern province of Hajjah, Al Arabiya reported on Friday.

The coalition also attacked a site east of the capital Sanaa on Thursday, which the Houthis had used to store drones, coalition spokesman Col. Turki Al-Maliki said.

The operation came after extensive intelligence gathering revealed a network of Houthi operational infrastructure, he explained, including workshops and launch sites, and came in the wake of a drone being shot down in Saudi airspace on Wednesday.

Military operation

The Yemeni army, with support from the Arab coalition, launched a new operation on Thursday to retake strategic sites taken by Houthi militias in Kataf in Saada province.

In a statement to the Yemeni News Agency, a Yemeni army spokesman said that troops from the 82nd Infantry Brigade had retaken the strategic Jabal Al-Qahar mountains, as well as the villages of Rafqua, Al-Halfa’, Al-Akimi, and Al-Markib, that had previously witnessed large scale displacement of local residents.

He added that a number of Houthi militants, including two senior commanders, had been killed, while three more had been captured.

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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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News Network
January 12,2020

Dubai, Jan 12: Saudi Arabian oil giant Aramco announced Sunday that its initial public offering raised a record $29.4 billion, a figure higher than previously announced, after the company used a so-called "greenshoe option" to sell millions more shares to meet investor demand.

The company said that the sale of an additional 450 million shares took place during the initial public offering process.

The oil and gas company, which is majority owned by the state, began publicly trading on the local Saudi Tadawul exchange on December 11. It hit hit upwards of $10 a share on the second day of trading. This gave Aramco a market capitalization of $2 trillion, making it comfortably the world's most valuable company.

Aramco's additional sales mean the company has publicly floated 1.7% of its shares. It's IPO, even before the added sales, was the world's largest ever.

The shares sold in the over-allotment option "had been allocated to investors during the book-building process and therefore, no additional shares are being offered into the market today," Aramco said.

Company shares traded down on Sunday, dipping to around 34.7 riyals, or $9.25 a share, amid heightened tensions in the Persian Gulf between Iran and the United States. Aramco was a target of rising tensions over the summer when a missile and drone attack, which Saudi Arabia and the US blame on Iran, temporarily halved its production.

Sunday's trading figures value Aramco at $1.85 trillion, still well ahead of Apple, the second largest company in the world after Aramco, but below the $2 trillion mark sought by Crown Prince Mohammed bin Salman.

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Agencies
August 8,2020

Beirut, Aug 7: A devastating explosion that destroyed much of Beirut might have been the result of a missile attack or bomb, Lebanese President Michel Aoun said, as the death toll from the blast rose to 154.

More than 2,700 tons of ammonium nitrate had been sitting in a port warehouse for six years, but there have been conflicting accounts about why Lebanese authorities decided to empty the shipment of explosive material. The vessel carrying the flammable cargo was heading from Georgia to Mozambique when it stopped in the Lebanese port to load up on iron, according to the ship’s captain.

By Friday, 19 suspects had been arrested and Lebanon’s former director general of customs Chafic Merhy had been questioned by military police.

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