Arab coalition destroys 86 Houthi-planted naval mines in Red Sea

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The Arab coalition fighting in support of the legitimate Yemeni government destroyed 86 Houthi-planted naval mines in Red Sea. (SPA)
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The Arab coalition fighting in support of the legitimate Yemeni government destroyed 86 Houthi-planted naval mines in Red Sea. (SPA)
Updated 26 November 2018
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Arab coalition destroys 86 Houthi-planted naval mines in Red Sea

  • Two types of naval mines were planted by the Iranian-backed Houthi militia, says coalition spokesman
  • Col. Al-Maliki said the Houthi militia’s actions threaten the safety of the international maritime and commercial lines of conduct

JEDDAH: The Arab coalition fighting in support of the legitimate Yemeni government said their forces have discovered and destroyed 86 naval mines since the beginning of military operations.
Spokesman Col. Turki Al-Malki said that as part of efforts to maintain the safety of international maritime and commercial lines in the southern Red Sea, 36 recently planted naval mines were destroyed over the past week, and 13 sea mines were destroyed on Sunday.
These include two types of naval mines that were planted by the Iranian-backed Houthi militia.
Col. Al-Maliki stressed the continued efforts of the coalition’s joint command forces to deal with the threat of these mines on vital coastal installations, fishing boats, beach goers, commercial vessels and giant oil tankers, and effects of regional and international environmental and economic disasters.
He added these contributions fall in line with the coalition and the international community’s efforts to maintain regional and international security and stability in Bab Al-Mandab and the southern Red Sea.
Col. Al-Maliki said the Houthi militia’s actions threaten the safety of the international maritime and commercial lines of conduct and are a flagrant violation of international humanitarian law.
He noted that the Iranian-backed militia’s “acts of terrorism and hostility, including the recent cultivation of these naval mines, is conclusive evidence of the urgency to stop this terrorist group for the interest of regional and international security.
He also said the Houthi militia is not expressing any desire to exert efforts to reach an end to the Yemeni crisis.
“The Houthi terrorist militia bears the legal responsibility for any environmental or economic damage or disasters resulting from its terrorist and hostile actions in the Bab Al-Mandab Strait and the southern Red Sea,” Col. Al-Maliki concluded.


Forum aims to boost Saudi-Japan trade ties

Updated 45 min 30 sec ago
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Forum aims to boost Saudi-Japan trade ties

  • Japan is one of Saudi Arabia’s most important economic partners

TOKYO: More than 300 government, investment and industry leaders on Monday took part in a high-level gathering aimed at further boosting business opportunities between Saudi Arabia and Japan.

The Saudi Arabian General Investment Authority (SAGIA) welcomed key figures from the public and private sectors to the Saudi-Japan Vision 2030 Business Forum, held in Tokyo.

Hosted in partnership with the Japan External Trade Organization (JETRO), the conference focused on the creation of investment opportunities in strategic sectors of the Kingdom. Delegates also discussed key reforms currently underway to enable easier market access for foreign companies.

Speaking at the event, Saudi Economy and Planning Minister Mohammed Al-Tuwaijri, said: “Today’s forum is a testimony to the success of the strategic direction set by the Saudi-Japanese Vision 2030 two years ago, which seeks to drive private-sector involvement, both by partnering with public-sector entities.”

SAGIA Gov. Ibrahim Al-Omar said: “At SAGIA, we have been working on creating a more attractive and favorable business environment in Saudi Arabia, which is making it easier for foreign companies to access opportunities in the Kingdom.”

Japan is one of Saudi Arabia’s most important economic partners. It is the Kingdom’s second-largest source of foreign capital and third-biggest trading partner, with total trade exceeding $39 billion.

JETRO president, Yasushi Akahoshi, said: “Saudi-Japan Vision 2030 has made great progress since it was first announced. Under this strategic initiative, the number of cooperative projects between our two countries has nearly doubled, from 31 to 61, and represents a diverse range of sectors and stakeholders.”

Since 2016, the Saudi government has delivered 45 percent of more than 500 planned reforms, including the introduction of 100 percent foreign ownership rights, enhancing legal infrastructure and offering greater protection for shareholders.

As a result, the Kingdom has climbed international competitiveness and ease-of-doing-business rankings, with foreign direct investment inflows increasing by 127 percent in 2018 and the number of new companies entering Saudi Arabia rising by 70 percent on a year-on-year basis in the first quarter of 2019.