Missile fired from Yemen hits desert in Asir

A projectile fired by Houthis from Yemen on August 14, 2016, is seen at the yard of a water facility in Jazan. (SPA file photo)
Updated 08 October 2016
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Missile fired from Yemen hits desert in Asir

JEDDAH: Yemeni rebels fired yet another ballistic missile in the direction of Khamis Mushayt on Friday night, the Saudi-led Coalition force supporting Yemen’s government said.
A Coalition statement on Saturday said the missile was fired at about 9:30 p.m. Friday from south of Saada but it fell in an uninhabited desert and caused no injuries.
Saudi jets hit back, targeting the area inside Yemen from where the missile was fired, the statement said.
Early on Friday, a projectile fired from Yemen struck the settlement of Tuwal in Jazan province, killing a Yemeni man and injuring another man and his child, officials said.
Shiite Houthi rebels and troops loyal to former president Ali Abdullah Saleh have been routinely firing ballistic missiles and mortars at Saudi Arabia since peace talks between them and the government of President Abed Rabbo Mansour Hadi collapsed in July.


FaceOf: Homam Hashem, CEO of Saudi Arabia's Kafalah Fund

Homam Hashem
Updated 42 min 43 sec ago
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FaceOf: Homam Hashem, CEO of Saudi Arabia's Kafalah Fund

  • Hashem studied computer information systems, receiving his bachelor’s degree from King Fahd University of Petroleum and Minerals in 1992
  • He began his career in 1993 as a systems analyst and programmer at the head office of the Banque Saudi Fransi in Riyadh

Homam Hashem is the chief executive officer at the Kafalah Fund, a financing guarantee program for small- and medium-sized enterprises.

On Saudi’s 88th National Day, Hashem elaborated on the importance of the Kafalah Fund and how supporting SMEs contributes to the economic reform of the Kingdom in accordance with Vision 2030. 

He said: “One of the main objectives of Vision 2030 is to increase the contribution of the SME private sector to 35 percent of GDP.” He pointed out that small and medium enterprises play an important role in raising financing opportunities and pave the ways to success.

Hashem studied computer information systems, receiving his bachelor’s degree from King Fahd University of Petroleum and Minerals in 1992. He also holds a diploma in banking operation management from the Institute of Public Administration.

He began his career in 1993 as a systems analyst and programmer at the head office of the Banque Saudi Fransi in Riyadh. A year later, he joined Samba Financial Group as a credit MIS senior manager for four years before moving on to Al-Rajhi Bank to occupy another senior manager post.

Hashem then spent five years simultaneously working for the Arab National Bank as a cards credit cycle manager, and Visa as a risk adviser. From there, he became Al-Yusr Leasing and Financing’s chief operations officer from 2005 to 2013. 

In 2015, he served as chief operations officer at Tayseer Arabian Co. before returning to Al-Yusr as chief credit and collection director.

He served as a board member at Al-Farasha Financial Services and the engineering solutions company ATMATA.