Houthis hit ‘backbone of the global economy’ in Jeddah oil depot strike

Update A view of a fire at Saudi Aramco's petroleum storage facility, after an attack, in Jeddah, Saudi Arabia March 25, 2022. (Reuters)
1 / 3
A view of a fire at Saudi Aramco's petroleum storage facility, after an attack, in Jeddah, Saudi Arabia March 25, 2022. (Reuters)
Update The Coalition to Restore Legitimacy in Yemen said a “hostile” operation by Yemen’s Iran-backed Houthi militia targeted an Aramco oil facility in Jeddah. (AN Photo)
2 / 3
The Coalition to Restore Legitimacy in Yemen said a “hostile” operation by Yemen’s Iran-backed Houthi militia targeted an Aramco oil facility in Jeddah. (AN Photo)
Update Saudi Arabia’s air defense forces destroyed seven drones and a missile launched by the Houthi militia targeting the southern part of the Kingdom, the Coalition said on Friday. (SPA)
3 / 3
Saudi Arabia’s air defense forces destroyed seven drones and a missile launched by the Houthi militia targeting the southern part of the Kingdom, the Coalition said on Friday. (SPA)
Short Url
Updated 26 March 2022

Houthis hit ‘backbone of the global economy’ in Jeddah oil depot strike

A view of a fire at Saudi Aramco's petroleum storage facility, after an attack, in Jeddah, Saudi Arabia March 25, 2022. (Reuters)
  • Huge blaze and plumes of smoke over city
  • Militia aims to undermine world energy security, coalition says

JEDDAH: The Iran-backed militia in Yemen were accused on Friday of threatening global energy security with a wave of drone and missile attacks on oil facilities in the Kingdom.

A huge fire erupted at an Aramco oil storage facility in Jeddah after one attack.

Plumes of black smoke rose over the city and were visible to drivers practicing for the Formula 1 Grand Prix motor race at the Jeddah Corniche circuit.




Smoke from the site could be seen across the city on Friday. (AFP)

F1 authorities said the race would go ahead on Sunday as planned.

The Coalition to Restore Legitimacy in Yemen said the fire in two tanks at the North Jeddah oil facility had been brought under control, and there were no casualties.

Coalition spokesman Brig. Gen. Turki Al-Malki said: “This hostile escalation targets oil facilities and aims to undermine energy security and the backbone of the global economy. These hostile attacks had no impact or repercussions in any way, shape or form on public life in Jeddah.”

The US State Department condemned the Houthi attacks as “unacceptable.”

British Prime Minister Boris Johnson also slammed the attacks. “These strikes put civilian lives at risk and must stop,” he said.

Earlier, Saudi air defenses forces destroyed seven drones and a missile launched by the Houthis targeting the southern part of the Kingdom.  The attacks deliberately targeted civilian areas and energy installations, the coalition said, and threatened both regional and international security.

Last weekend a Houthi assault on the Kingdom caused a temporary drop in output at a refinery and a fire at a petroleum products distribution terminal. On March 11, the group targeted a refinery in Riyadh, causing a small fire.

Saudi Arabia said after those attacks that it would bear no responsibility for any shortage of global oil supplies caused by Houthi attacks, and the Saudi Energy Ministry restated that view on Friday.

The North Jeddah plant stores diesel, gasoline and jet fuel for use in the city. It accounts for over a quarter of Saudi Arabia’s supplies and also provides fuel for a desalination plant.

The Houthis have twice targeted the plant with cruise missiles, once in November 2020 and most recently last Sunday. A UN panel of experts on the war in Yemen described it as a “civilian target.”




Plumes of smoke were visible to drivers practicing for the Formula 1 Grand Prix motor race at the Jeddah Corniche circuit. (Reuters)

“While the facility also supplies the Saudi military with petroleum products, it is mostly supplying civilian customers,” the panel said.

“If it had been out of service for a significant period, the impact on the Kingdom’s economy and the welfare of the residents of the western region would probably have been significant.”


4,291 Saudi health security trainees graduate   

4,291 Saudi health security trainees graduate   
Updated 10 min 22 sec ago

4,291 Saudi health security trainees graduate   

4,291 Saudi health security trainees graduate   

RIYADH: A fourth group of health security trainees graduated from the Saudi Commission for Health Specialties in a virtual ceremony on Wednesday. 

A total of 4,291 male and female graduates will join the job market. 

Dr. Aws Al-Shamsan, secretary-general of the Saudi Commission for Health Specialties, said that health security plays an important role in improving healthcare services.

The program includes practical and theoretical training for three months, in addition to two weeks of field training in one of the health sectors, allowing trainees to benefit from hands-on experience.

Health security graduates receive a diploma allowing them to work in the Kingdom’s health sector.


Umbrellas raise Makkah pilgrims’ spirits

Umbrellas raise Makkah pilgrims’ spirits
Updated 34 min 31 sec ago

Umbrellas raise Makkah pilgrims’ spirits

Umbrellas raise Makkah pilgrims’ spirits

JEDDAH: Pilgrims sheltering from heavy rain in Makkah on Tuesday received a helping hand when the General Presidency of the Two Holy Mosques handed out umbrellas to visitors at the Grand Mosque.

Khaled bin Fahd Al-Shalwi, assistant for the general president for social, voluntary and humanitarian services agency, said that the “Umbrella of Mu’tamer” initiative is part of a range of services designed to help visitors perform their rituals. 

Programs and services come under the direction of the President for the Affairs of the Two Holy Mosques, Abdulrahman Al-Sudais, who strives to provide a safe environment to allow visitors to the Grand Mosque to complete their rituals with ease, he added. 

According to the presidency’s website, the presidency has also employed more than 200 supervisors, 4,000 female and male workers, and utilized more than 500 items of equipment to deal with the rain at the Grand Mosque through its environmental protection agency. 

Ahmed bin Omar Bilaamash, assistant to the general president for services and achievement of the environmental protection agency, said that prayer areas, entrances and exits, and the mataf — the circumambulation space around the Kaaba — are equipped to handle the rainfall. 


Jeddah to host 2nd Saudi International Maritime Forum in November

Jeddah to host 2nd Saudi International Maritime Forum in November
Updated 10 August 2022

Jeddah to host 2nd Saudi International Maritime Forum in November

Jeddah to host 2nd Saudi International Maritime Forum in November
  • Event will be attended by experts in maritime security from around the world
  • The event was a continuation of the Kingdom’s contribution to promoting international peace and security

RIYADH: The 2nd Saudi International Maritime Forum will be held in Jeddah from November 15-17.
Organized by the Royal Saudi Naval Forces and held under the patronage of Crown Prince Mohammed bin Salman, the event aims to provide a platform for the exchange of views on how best to ensure maritime safety in a rapidly changing global environment.
Titled “Protecting Marine Units and Vital Coastal Sites Against the Threat of Unmanned Systems,” the forum will highlight the threat of such systems and present ways in which they can be dealt with.
Thanking the crown prince for his sponsorship of the event, RSNF Commander Fahd bin Abdullah Al-Ghufaili said it would also discuss the role individual nations and international organizations have to play in maintaining maritime security.
The event was a continuation of the Kingdom’s contribution to promoting international peace and security, he added.
“It also aims to enhance the role of the RSNF in cooperation with marine environment authorities at the national level, and what naval forces of brotherly and friendly countries are doing to support regional and international efforts, ensure the safety of maritime traffic and contribute to sustaining the global economy,” Al-Ghufaili said.
Military specialists and experts from the fields of technology, industry and academia will take part in a series of workshops during the forum, which will also be attended by representatives from government ministries and organizations and international corporations.
The event will also provide a platform for companies from around the world to display their latest equipment, technologies and systems related to maritime security.


Who’s Who: Hassan Al-Jeshi, CEO of an asset management firm Malaz Capital

Who’s Who: Hassan Al-Jeshi, CEO of an asset management firm Malaz Capital
Updated 8 sec ago

Who’s Who: Hassan Al-Jeshi, CEO of an asset management firm Malaz Capital

Who’s Who: Hassan Al-Jeshi, CEO of an asset management firm Malaz Capital

Hassan Al-Jeshi was appointed CEO of Malaz Capital in July this year.

Malaz Capital is an asset management firm operating under the regulations of the Capital Market Authority of Saudi Arabia.

The company obtained its CMA license in 2010, and is authorized to carry out asset management, dealing as principal and custody services in the Kingdom.

Prior to joining Malaz Capital, Al-Jeshi held several leadership positions in leading investment institutions and a group of national and international banks, including head of equity capital markets at Saudi National Bank Capital in 2021, the investment arm of SNB.

He worked at Samba Financial Group, holding two different positions including assistant general manager from 2017, and head of investment banking from 2020 at Samba Capital, the group’s investment arm.

From 2013-17, Al-Jeshi worked as group head of corporate finance at Alistithmar Capital, the investment arm of The Saudi Investment Bank.

In 2012, he worked in energy and infrastructure investment banking at Taylor-DeJongh, Washington, DC.

Al-Jeshi has extensive professional experience in the field of investment and capital markets locally, regionally, and internationally, where he has led through his positions multiple landmark and significant investment transactions.

At Samba he managed and oversaw the full cycle of investment banking deal-related activities, including deal origination, client management, building financial models, performing valuation, transaction structuring, and preparing to offer documents, reviewing transaction agreements and more.

During his early career, Al-Jeshi also worked as a business consultant to a number of small and medium enterprises at start-up and growth stages in areas related to preliminary feasibility study assessment, capital budgeting, valuation, and fundraising.

Al-Jeshi holds a bachelor’s degree in finance from King Fahd University of Petroleum and Minerals which he received in 2005, and in 2013 he earned a master’s degree in finance from George Washington University in the US.


Saudi envoy to UN in Geneva, UNHCR chief discuss stronger cooperation

Saudi envoy to UN in Geneva, UNHCR chief discuss stronger cooperation
Updated 6 min 4 sec ago

Saudi envoy to UN in Geneva, UNHCR chief discuss stronger cooperation

Saudi envoy to UN in Geneva, UNHCR chief discuss stronger cooperation

RIYADH: Saudi Arabia’s Permanent Representative to the UN in Geneva, Abdulmohsen Majed bin Khothaila, met with the UN High Commissioner for Refugees Filippo Grandi on Wednesday.

The pair reviewed a number of important issues and discussed ways to enhance cooperation with the agency.

Earlier, Khothaila met with the permanent representative of the Republic of Djibouti to the UN, Ambassador Kadra Ahmed Hassan.

During the meeting they discussed issues of common interest within the framework of international organizations.