Saudi Arabia, UAE, Norway write to UN about oil tanker attacks

The attacks took place east of the Emirati port of Fujairah. (Reuters)
Updated 18 May 2019

Saudi Arabia, UAE, Norway write to UN about oil tanker attacks

  • The four oil tankers were attacked and damaged in Emirati territorial waters

NEW YORK: The permanent missions of Saudi Arabia, the UAE and Norway to the UN have sent a joint letter to the Security Council about the recent incident in which four oil tankers were attacked and damaged in Emirati territorial waters.

Two of the tankers were Saudi-flagged, one was Norwegian-flagged and one was Emirati-flagged. “It is an act of sabotage that affects the safety of international navigation and the security of world oil supplies,” said Abdallah Al-Mouallimi, Saudi ambassador to the UN.

“Consequently, Saudi Arabia condemns in the strongest terms these terrorist attacks and calls upon the international community to take a firm stand toward those responsible for such provocative and subversive operations,” he added.

“While the attacks did not result in any casualties, or spillage of oil or harmful chemicals, they could have caused serious loss of life and an environmental catastrophe in the Gulf of Oman.”

Norway’s ambassador to the UN, Mona Juul, said: “We’re glad the crew onboard was unharmed. However, the Norwegian vessel suffered material damages.”

She added: “Norwegian authorities are in the process of assessing the situation, in close cooperation with, among others, the Emirati authorities.”

The attacks took place east of the Emirati port of Fujairah. Operations at the port have continued as normal without interruption. The UAE has adopted enhanced maritime safety and security measures.

“These attacks come at a time when responsible stakeholders across the region should work together to lower tensions,” said Lana Nusseibeh, UAE ambassador to the UN.


Fraud alert over cryptocurrency falsely linked to Saudi Arabia

Updated 21 August 2019

Fraud alert over cryptocurrency falsely linked to Saudi Arabia

  • The website of a cryptocurrency company is promoting what it calls the CryptoRiyal and SmartRiyal
  • The Singapore-based company uses the Saudi emblem of two crossed swords and a palm tree

JEDDAH: Fraudsters are trying to lure victims into investing in a “virtual currency” with false claims that it is linked to the Saudi riyal and will be used to finance key projects, the Saudi Ministry of Finance warned on Tuesday.

The website of a cryptocurrency company in Singapore is promoting what it calls the CryptoRiyal and SmartRiyal, using the Saudi emblem of two crossed swords and a palm tree. Its “ultimate goal” is to finance NEOM, the smart city and tourist destination being built in the north of the Kingdom, the company claims.

“Any use of the KSA name, national currency or national emblem by any entity for virtual or digital currencies marketing will be subject to legal action by the competent authorities in the Kingdom,” the ministry said on Tuesday.

The fraudsters were exploiting ignorance of how virtual currencies work, cryptocurrency expert Dr. Assad Rizq told Arab News.

“A lot of tricks can be played,” he said. “Some of these companies are not regulated, they have no assets, and even their prospectus is sometimes copied from other projects.

“They hype and pump their project so the price goes up. Inexpert investors, afraid of missing out, jump in, which spikes the price even higher. Then the owners sell up and make tons of money.

“Cryptocurrencies are a risky investment for two reasons. First, the sector is not yet fully regulated and a lot of projects use fake names and identities, such as countries’ names or flags, to manipulate investors.

“Second, you have to do your homework, learn about the technology. And if you still want to invest, consider your country’s rules and regulations.”