OIC warns against provocative escalation of attacks by Iranian-backed Houthis

Updated 11 November 2017
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OIC warns against provocative escalation of attacks by Iranian-backed Houthis

RIYADH: France, South Korea and Mexico have denounced the Houthi militias and their cohorts for the ballistic missile attack on Riyadh, while the Organization of Islamic Cooperation (OIC) warned against provocative escalation of attacks by the Iranian-backed militants.
OIC stressed in a statement that the clear and open support provided by some parties to the Houthi militias, which proved to be a justification for the logic of violence, will unavoidably lead to placing them in a position of accountability.
The OIC expressed its deep regret at the reports indicating the involvement of these parties in the escalation, which is a flagrant violation of the relevant Security Council resolutions, in particular Resolution 2216, and a disregard of principles of OIC and international charters, calling for respect for the sovereignty and territorial integrity of member states.
It added that “such blatant aggression would only further undermine the means to bring peace, security and stability to the region.”
The OIC also pointed out that it is following with great concern the repercussions of the ballistic missile attack on Riyadh which constitutes a serious violation of international law and an infringement of the safety and inviolability of the Kingdom’s territory.
Recently, French President Emmanuel Macron slammed the missile attack during his first visit to the Middle East on Thursday.
Macron met Crown Prince Mohammed bin Salman in Riyadh and discussed developments in the Middle East as well as efforts being exerted toward regional security, including joint coordination in the fight against terrorism.
The two leaders also discussed opportunities to further develop bilateral cooperation in line with Vision 2030.
Moreover, the Republic of South Korea on Friday denounced the ballistic missile attack by Yemeni rebels which targeted the airport in the capital.
The South Korean Embassy spokesman in Riyadh told Arab News that the Korean Ministry of Foreign Affairs issued a statement condemning the missile attack and calling for efforts to help build peace in the Middle East region.
The ministry said in a statement: “The South Korean government is paying attention to the Saudi government’s announcement of the interception, and condemns the missile attack, which threatened the safety of civilians and international travel.”
“The South Korean government urges all relevant parties in Yemen and neighboring countries to make efforts to recover peace and stability in Yemen and the Middle East region,” the statement added.
Meanwhile, the Mexican government condemned the missile attack from inside Yemeni territory toward the city of Riyadh, which the Saudi Royal Air Defense Forces intercepted, avoiding casualties and damage.
The Mexican Foreign Ministry confirmed in a statement that Mexico totally rejects the ballistic missile attack against innocent people and terrorism in all its forms and manifestations, calling on the concerned parties to stop the aggressive attacks on the Kingdom’s territory.
Earlier, an array of world leaders condemned the Houthi missile attack on the Saudi capital.


‘Davos in the Desert’ brings 150 global leaders to Riyadh

Updated 16 October 2018
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‘Davos in the Desert’ brings 150 global leaders to Riyadh

  • The Future Investment Initiative (FII) runs from Oct. 23 to 25
  • The three key themes of this year’s event are investing in transformation, technology as an opportunity, and advancing human potential

RIYADH: The Public Investment Fund (PIF) of Saudi Arabia has revealed the program for a high-profile gathering of global leaders, business chiefs and innovators in Riyadh next week.

The Future Investment Initiative (FII) runs from Oct. 23 to 25 with US Treasury Secretary Steve Mnuchin and IMF Managing Director Christine Lagarde among those scheduled to take part.

More than 150 speakers from 140 different organizations have confirmed their attendance for the event which was hosted for the first time a year ago and was quickly dubbed “Davos in the Desert” — a reference to the annual World Economic Forum hosted each year in the Swiss resort.

The three key themes of this year’s event are investing in transformation, technology as an opportunity, and advancing human potential.



“FII is a global platform focused on identifying future economic trends and opportunities, defining the future of industries and discussing how investment can contribute to overall global prosperity and development,” the PIF, Saudi Arabia’s sovereign wealth fund, said on Monday.

“Ten years on from the global financial crisis, the world is undergoing a period of large-scale economic and technological transformation. FII will convene global leaders, investors and innovators to discuss how businesses, governments and global institutions can work together to drive long-term growth and prosperity.”

The next installment of FII will include a panel called “One World” — a look at how leaders from business and government develop a collective vision for the future.

Other sessions cover digital currencies, capital flows, market drivers, immersive technology, sustainability and giga-projects such as NEOM, the vast development announced at last year’s FII.