Saudi Arabia shoots down ballistic missile fired by Houthi terrorists

Houthis chew qat as they rally in Sanaa on Aug. 17, 2018, in support of their colleagues in the front line. Houthis have been firing missile after missile toward populated areas in Saudi Arabia in a desperate terror campaign amid an offensive by a Saudi-led coalition in support of Yemen's legitimate government. (Reuters photo)
Updated 18 August 2018
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Saudi Arabia shoots down ballistic missile fired by Houthi terrorists

JEDDAH: Saudi Arabia’s air defense forces intercepted a ballistic missile fired by Houthi militia toward the southern city of Najran.

The attack is the latest in a series of missile launches targeting densely populated residential areas of Saudi Arabia, including Jazan and Najran, close to the border with Yemen.

Saudi-led Arab coalition’s spokesman, Col. Turki Al-Maliki, said that Saudi aerial defense forces intercepted a missile launched by the Iran-backed militia.

Al-Maliki said that the missile targeted Najran and was aimed at civilian populated areas, but the defense forces were able to intercept and destroy the projectile without any casualties.

The spokesperson added that “this hostile action by the Houthi militia proves the Iranian regime’s continued involvement in supporting the rebels with qualitative capabilities in clear and explicit defiance of UN resolution 2216 and 2231 aimed at safeguarding Saudi Arabia’s security and any regional and international threats.”


Major projects, investments worth over $685bn unveiled on Saudi National Day

A photo taken on July 5, 2018, shows Bader al-Ajmi, 38,(L) owner of "One Way Burger" serving customers from his truck at a main street in the capital Riyadh. (AFP)
Updated 22 September 2018
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Major projects, investments worth over $685bn unveiled on Saudi National Day

  • The private sector’s contribution to the GDP at constant prices doubled to around SR1236.6 million in 2017

JEDDAH: A major economic boost in the form of 10 major projects and investments exceeding SR685 billion ($183 billion) were unveiled as celebrations of the 88th Saudi National Day got under way.
The Council of Saudi Chambers released a report focusing on great economic achievements in 2017.
These projects reflect the Kingdom’s vision under the wise leadership of King Salman and that of Crown Prince Mohammed bin Salman to provide a brighter future through diversifying sources of national income, tackling environmental challenges and increasing investment and prosperity.
The report summarized the most important events and economic developments in the Kingdom over the past year. These include the lifting of the ban on women driving in June, and the establishment of the General Authority for Cyber Security, in addition to the numerous royal decrees providing financial support to Saudis.
It also noted the important decisions related to the Saudi business sector. These include the launch of a private sector incentive program with a value of SR72 billion, the privatization of 10 government sectors and the establishment of the General Authority for Real Estate. The private sector is still showing a strong performance as an efficient partner in the inclusive development process and in the achievement of the Kingdom’s 2030 Vision, the report noted, as it contributes 39 percent to the Saudi gross domestic product (GDP).
The private sector’s contribution to the GDP at constant prices doubled to around SR1236.6 million in 2017. There has been increased contribution to GDP from non-oil private sector streams.
The private sector also witnessed an increase in the number of workers, in its capital, in the number of shares on the Saudi market, in the cumulative number of establishments operating in the Kingdom, and in non-oil exports.
Continued growth of the private sector was attributed by the report to the Saudi government’s support. This support comes through initiatives such as the removal of obstacles to financial development, improvements to the working environment and policies adopted to boost investment.
It also reviewed the private sector’s efforts to support diversification of the economy and lower unemployment rates.
The importance of the measures taken to prioritize the employment of qualified Saudi workers over the employment of expatriates in the private sector were stressed, as well as the sector’s role in providing education and health services.