Energy minister: Houthi attack on Saudi tanker will not disrupt supplies

Saudi Arabia's Energy Minister Khalid Al-Falih attends a meeting of the 4th OPEC-Non-OPEC Ministerial Monitoring Committee in St. Petersburg on July 24, 2017. (AFP)
Updated 04 April 2018
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Energy minister: Houthi attack on Saudi tanker will not disrupt supplies

  • Khalid Al-Falih described the attack as a desperate attempt to influence the security of international navigation
  • He pointed out that the continuation of these attempts reveals the danger of this militia and those behind it on regional and international security
Minister of Energy, Industry and Mineral Resources Khalid Al-Falih said on Wednesday that the Houthi attack on a Saudi oil tanker west of the Yemeni port of Hodeidah will not disrupt oil supplies or affect economic activity.
Al-Faleh described the terrorist attack on Twitter as a desperate attempt to influence the security of international navigation, saying it had failed. He also expressed his confidence in the vigilance of the Saudi-led Arab Coalition to support the internationally recognised government of Yemen and its ability to counter Houthi militant attacks.
Spokesperson for the coalition Colonel Turki Al-Maliki said on Tuesday that around 1:30pm Saudi time, one of the Saudi oil tankers was attacked by Houthi militias in international waters, west of the port of Hodeidah, which is controlled by the armed militias backed by Iran.
He said the attempted attack was foiled after a quick intervention by one of the alliance’s naval vessels.
“The tanker suffered a minor injury but completed its navigational line and sailed north accompanied by one of the naval coalition ships,” Al-Maliki.
Colonel Al-Maliki stressed that this militant attack poses a serious threat to the freedom of maritime navigation and international trade in the Bab al-Mandab and Red Sea straits, which could also cause environmental and economic damage.
He pointed out that the continuation of these attempts reveals the danger of this militia and those behind it on regional and international security, and confirms the continued use of the port of Hodeidah as a starting point for terrorist operations as well as the smuggling of rockets and weapons.
Al-Maliki stated that the leadership of the joint forces of the coalition has adopted and implemented measures to maintain security and stability and ensure freedom of navigation and international trade in the Strait of Bab al-Mandab and the Red Sea. This is part of its commitment to its essential role in making Yemen safe and stable, he added.
The spokesperson also reiterated the call for the importance of placing the port of Hodeidah under international supervision and preventing its use as a military base to launch attacks against shipping lines.


Mexican delegation visits Saudi Arabia to promote trade and discuss investment

The Mexican ambassador further declared that his country, like Saudi Arabia, is one of the top 20 economies in the world and is eager to strengthen mechanisms of collaboration in different areas. (SPA)
Updated 17 November 2018
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Mexican delegation visits Saudi Arabia to promote trade and discuss investment

  • The visiting team expressed their desire to benefit from and contribute to the projects presented by the Kingdom’s Vision 2030

RIYADH: A trade delegation from Mexico called on the Saudi business community to strengthen trade partnerships with their counterparts in Mexico and participate in promising opportunities and investment projects in various areas, especially in the construction and infrastructure sectors.
“A delegation from the National Bank for Services and Public Works (BANOBRAS), the most important development bank in Mexico, visited Saudi Arabia to promote investment opportunities that will bring the countries closer together,” Mexican Ambassador Alfredo Miranda told Arab News on Friday.
Miranda accompanied Alejandro Blasco, head of investor relations at BANOBRAS, and Luis Ampudia, deputy head of investor relations, during the meeting at the Council of Saudi Chambers (CSC).
The Saudi delegation was made up of CSC Secretary-General Saud Al-Meshari; Vice Chairman and Managing Director of the Saudi Fund for Development Khalid S. Alkhudairy; and head of stakeholder management of the Public Investment Fund (PIF) Saad A. Alkroud.
During the meetings, the Mexican delegation shared the opportunities available in Mexico for identifying possible public-private partnerships and financing social infrastructure projects, and they discussed the potential of investment opportunities in Mexico as part of the PIF’s international diversified pool, said the envoy.
The visiting team expressed their desire to benefit from and contribute to the projects presented by the Kingdom’s Vision 2030.
The Mexican ambassador further declared that his country, like Saudi Arabia, is one of the top 20 economies in the world and is eager to strengthen mechanisms of collaboration in different areas, taking into account that Mexico’s GDP is $1.1 trillion, has a population of 129 million inhabitants, an inflation rate of 4 percent and very low unemployment of just 4 percent.
“I am sure both countries will continue to work together in order to have more Mexicans in Saudi Arabia and more Saudis in Mexico,” said Ambassador Miranda.