Cyprus slams Houthi missile attacks on Saudi Arabia

Updated 26 April 2018
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Cyprus slams Houthi missile attacks on Saudi Arabia

  • Syllouris condemned the repeated terrorist attacks by Houthi militia in Yemen
  • Syllouris pointed out that the Kingdom under King Salman is a wise country leading the Arab and Islamic world

JEDDAH: The Speaker of Parliament in Cyprus, Demetris Syllouris, has condemned the repeated terrorist attacks carried out by Houthi militias using ballistic missiles on Saudi Arabia’s territories and targeting its civilian facilities and populated cities.

This came during a meeting with the delegation of the Shoura Council headed by Vice-Chairman of the Saudi-Cypriot Parliamentary Friendship Committee Ali bin Abdullah Al-Naim, who concluded their visit to Cyprus on Tuesday.

Syllouris pointed out that the Kingdom under King Salman is a wise country leading the Arab and Islamic world with prudence toward stability, prosperity, tolerance and moderation.

The minister of Energy, Commerce, Industry and Tourism, who is also Cyprus’ acting minister of Foreign Affairs, Yiorgos Lakkotrypis, supported the steps being taken by the Arab coalition forces led by the Kingdom in combating terrorism and protecting its territory from whoever tries to harm its security.

He expressed his country’s keenness to strengthen relations with the Kingdom, citing the positive results of the visit by President Nicos Anastasiades of Cyprus to Riyadh last January.


Saudi Arabia is world’s energy ‘shock absorber’ says Energy Minister Al-Falih

Updated 5 min 16 sec ago
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Saudi Arabia is world’s energy ‘shock absorber’ says Energy Minister Al-Falih

  • Al-Falih told an energy event in India that it was time this balancing role was respected and acknowledged by the international community.
  • He added that the Kingdom wanted to continue playing the global balancing role that it currently plays.

RIYADH: Saudi Energy Minister Khalid Al-Falih on Monday said that the Kingdom was the world’s energy “shock absorber” and pledged to continue to offer a cushion to global supply interruptions.
He told an energy event in India that it was time this balancing role was respected and acknowledged by the international community.
His remarks come amid concerns among energy-importing nations about the recent rise in the oil price.
“We could have another unanticipated, unplanned disruption. We’ve seen Libya, we’ve seen Nigeria, we’ve seen Venezuela and we have sanctions on Iran. These supply disruptions need a shock absorber,” Al-Falih told the CERAWeek event by IHS Markit.
“The shock absorber has been, to a large part, Saudi Arabia. We have invested tens of billions of dollars to build the spare capacity which has been two to three million barrels over the years — thats equivalent of production capacity of major producers.
“It has been like a spinning reserve in an electricity system waiting to step in if there is a disruption. We’ve done it out of a sense of responsibility.”
He added that the Kingdom wanted to continue playing that global balancing role but also hoped that “the global community of nations will respect and acknowledge what Saudi Arabia has done.”
In a wide ranging address, Al-Falih also questioned the “hype” around the electric vehicle market and said that petrol and diesel engines would co-exist with emerging electric and hydrogen fuel cell technologies for much longer than some commentators expect.
Saudi Arabia is boosting its energy ties with India and Al-Falih said Saudi corporations including Aramco, SABIC and Ma’aden planned to increase investments in the country.