WASHINGTON: The United States warned Saturday of a potential environmental disaster in the Red Sea after Houthi militia struck an oil tanker off the Yemeni coast.
The Greek-flagged Sounion was struck on Wednesday off the militia-held port city of Hodeidah, with the Iran-backed Houthis claiming to have hit the vessel with drones and missiles.
On Friday, the UKMTO maritime agency said three fires had been spotted on the ship, while a video released by the Houthis on social media allegedly showed three explosions on the ship.
The 274-meter long vessel had departed from Iraq and was destined for a port near Athens, carrying 150,000 tons of crude oil.
“The Houthis’ continued attacks threaten to spill a million barrels of oil into the Red Sea, an amount four times the size of the Exxon Valdez disaster,” US State Department Matthew Miller said Saturday in a statement.
The Exxon Valdez spill in 1989 released 257,000 barrels along the coast of Alaska.
“While the crew has been evacuated, the Houthis appear determined to sink the ship and its cargo into the sea,” Miller said.
The Sounian’s crew of 23 Filipinos and two Russians were rescued by a ship with the European Union’s Aspides mission.
The naval mission also warned the unmanned vessel represented “a navigational and environmental hazard.”
The Houthis launched their campaign against international shipping in November, saying it is in support of Gaza amid the Israel-Hamas war.
In March, the Belize-flagged, Lebanese-operated Rubymar became the first ship targeted by the Houthis to sink during the conflict.
The Rubymar sank in the Red Sea with 21,000 metric tons of ammonium phosphate sulfate fertilizer on board.
The Liberian-flagged, Greek-owned bulk carrier Tutor also sank in June after being struck by the Houthis.
Multiple sailors have also been killed or wounded in the attacks, which have severely disrupted global shipping.
“Through these attacks, the Houthis have made clear they are willing to destroy the fishing industry and regional ecosystems that Yemenis and other communities in the region rely on for their livelihoods,” Miller said Saturday.
“We call on the Houthis to cease these actions immediately and urge other nations to step forward to help avert this environmental disaster,” he added.
Houthi-struck oil tanker could spill ‘million barrels,’ US warns
https://arab.news/6sygj
Houthi-struck oil tanker could spill ‘million barrels,’ US warns
- The Greek-flagged Sounion was struck on Wednesday off the militia-held port city of Hodeidah
Netanyahu says Israel will continue to act against the Houthis
“Just as we acted forcefully against the terrorist arms of Iran’s axis of evil, so we will act against the Houthis,” he said in a video statement a day after a missile fired from Yemen fell in the Tel Aviv area, causing a number of mild injuries.
On Thursday, Israeli jets launched a series of strikes against energy and port infrastructure in Yemen in a move officials said was a response to hundreds of missile and drone attacks launched by the Houthis since the start of the Gaza war 14 months ago.
On Saturday, the US military said it conducted precision airstrikes against a missile storage facility and a command-and-control facility operated by Houthis in Yemen’s capital, Sanaa.
Netanyahu, strengthened at home by the Israeli military’s campaign against Iran-backed Hezbollah forces in southern Lebanon and by its destruction of most of the Syrian army’s strategic weapons, said Israel would act with the United States.
“Therefore, we will act with strength, determination and sophistication. I tell you that even if it takes time, the result will be the same,” he said.
The Houthis have launched repeated attacks on international shipping in waters near Yemen since November 2023, in support of the Palestinians over Israel’s war with Hamas.
Diriyah Co. partners with Saudi cybersecurity federation to bolster digital infrastructure
- Under the agreement, Diriyah Co. will join BugBounty, the Middle East’s first cybersecurity research platform
RIYADH: The Diriyah Co. signed a memorandum of understanding with the Saudi Federation for Cybersecurity, Programming, and Drones, known as SAFCSP, on Sunday to strengthen the digital security of Diriyah city, the Saudi Press Agency reported.
The partnership will enhance cybersecurity measures and safeguard the city’s digital infrastructure as it continues to evolve into a modern hub of culture and heritage, SPA added.
Under the agreement, Diriyah Co. will join BugBounty, the Middle East’s first cybersecurity research platform.
BugBounty uses the expertise of cybersecurity specialists to identify and address software vulnerabilities, which will allow Diriyah Co. and SAFCSP to implement strategies to mitigate potential digital threats.
To further support this, SAFCSP will provide specialized training programs to Diriyah Co. employees, equipping them with cybersecurity skills and raising awareness about the importance of digital security.
The MoU will grant the company access to SAFCSP’s database of professionals, facilitating the recruitment of cybersecurity talent. The partnership also enables the design of tailored assessments to evaluate candidates’ suitability for cybersecurity roles. In addition, outstanding students with relevant certifications will be identified for potential training opportunities.
Speaking about the collaboration, Jerry Inzerillo, group CEO of Diriyah Co., said:
“This MoU aligns with Diriyah’s commitment to realizing Saudi Vision 2030, marking a crucial step toward creating a secure and sustainable digital future for Diriyah. Our collaboration with government and private sectors, especially the Saudi Federation for Cybersecurity, Programming, and Drones, is essential for empowering the next generation in advanced technology, driving cultural and economic growth.”
The partnership will also involve joint cybersecurity projects, including conferences, workshops, and public awareness initiatives aimed at fostering a culture of digital security.
Saudi Arabia hosts first Council of Arab Ministers of Cybersecurity in Riyadh
- Arab League established body following proposal from Saudi Arabia
- Aim is to enhance collaboration among Arab nations
RIYADH: Saudi Arabia is hosting the first meeting of the Council of Arab Ministers of Cybersecurity in Riyadh on Monday, featuring officials and experts from a variety of Arab League countries.
The Secretary-General of the Arab League Ahmed Aboul Gheit will participate in the meeting to discuss cooperation in cybersecurity and joint cyber frameworks, the Saudi Press Agency reported.
The Arab League established the council in September 2023 following a proposal from Saudi Arabia to consolidate Arab efforts in the sector due to increasing cyber threats and computer-related attacks.
The Saudi National Cybersecurity Authority is hosting the event. Established in 2017, the body aims to protect Saudi national security and interests from cyber breaches and attacks.
The Riyadh meeting’s primary objective is to enhance collaboration among Arab nations on all cybersecurity-related matters.
It also aims to function as a platform for exchanging expertise and creating a reliable Arab cyberspace that enables growth and prosperity for all member states of the Arab League.
Pakistani naval ships visit Kuwait and Iraq, conduct joint exercises in Arabian Gulf
- Pakistan regularly holds joint exercises with allies to increase synergy and deter piracy, drug trafficking and other illicit activities
- The visit of Pakistan Navy flotilla to Kuwait and Iraq will further enhance the existing diplomatic and naval relations, the military says
ISLAMABAD: Pakistani naval ships have visited Kuwaiti and Iraqi ports to conduct joint exercises with both navies in the Arabian Gulf, the Pakistani military said on Sunday, adding the visits would enhance existing relations.
Pakistan Navy Ships (PNS) Rasadgar and Azmat visited the Kuwaiti port of Al-Shuwaikh, while Pakistan Maritime Security Agency (PMSA) ship Dasht visited the Iraqi port of Umm Qasr, according to the Inter-Services Public Relations (ISPR), the Pakistani military’s media wing.
On arrival at both ports, Pakistani diplomatic and host naval officials warmly welcomed the Pakistan Navy ships and the mission commander, along with commanding officers of the ships, held meetings with the naval leadership of both countries.
“Later, naval exercises were also conducted together with Kuwaiti and Iraqi navy ships,” the ISPR said in a statement. “The exercises were aimed at improving mutual cooperation between the navies and developing the capacity for joint operations.”
During the meetings, naval officials discussed matters of mutual interest, cooperation in maritime security and communication, according to the statement.
“The visit of Pakistan Navy flotilla to Kuwait and Iraq will further enhance the existing diplomatic and naval relations with friendly countries,” it read.
Pakistan Navy regularly collaborates and holds joint military exercises with allies to increase synergy, promote regional peace and stability and deter piracy, drug trafficking and other illicit maritime activities.
This month, Pakistan Navy conducted joint naval exercises and drills with Royal Oman ship ‘Alseeb.’ The bilateral naval exercise, “Samar Al-Tayeb,” is conducted regularly between the navies of the two nations.
In July, Pakistan Navy also assumed command of a multinational task force responsible for ensuring maritime security in the southeastern waters of the Middle East, operating in the Arabian Sea, Gulf of Oman and Gulf of Aden.
Closing Bell: Saudi main index slips to close at 11,849
- Parallel market Nomu lost 205.92 points, or 0.65%, to close at 31,238.29
- MSCI Tadawul Index shed 4.86 points, or 0.33%, to close at 1,484.56
RIYADH: Saudi Arabia’s Tadawul All Share Index slipped on Sunday, losing 43.07 points, or 0.36 percent, to close at 11,849.37.
The total trading turnover of the benchmark index was SR4.14 billion ($1.1 million), as 84 of the stocks advanced and 137 retreated.
The Kingdom’s parallel market Nomu lost 205.92 points, or 0.65 percent, to close at 31,238.29. This comes as 37 of the listed stocks advanced while 49 retreated.
The MSCI Tadawul Index also lost 4.86 points, or 0.33 percent, to close at 1,484.56.
The best-performing stock of the day was Saudi Vitrified Clay Pipes Co., whose share price surged 9.89 percent to SR38.90.
Other top performers included SHL Finance Co., whose share price rose 6.43 percent to SR18.20, as well as Taiba Investments Co., whose share price surged 4.97 percent to SR39.05.
Riyadh Cables Group Co. recorded the biggest drop, falling 6.30 percent to SR136.80.
Al Hassan Ghazi Ibrahim Shaker Co. saw its stock prices fall 5.15 percent to SR26.70.
Dr. Sulaiman Al Habib Medical Services Group also saw its stock prices decline 4.02 percent to SR286.60.
Meanwhile, Al-Baha Investment and Development Co. has announced moving its headquarters to Riyadh.
The company’s shares will be suspended for two business days starting Dec. 22, following the board of directors’ recommendation to reduce capital by 26.5 percent from SR 297 million to SR 218.3 million during an extraordinary general meeting held on Dec. 19.
The National Agricultural Development Co. has announced the release of its Sustainability and Environmental, Social, and Governance report.
According to a Tadawul statement, it outlines the company’s approach to embedding sustainability criteria within its strategic direction and operations as well. It reflects the firm’s commitment to its ESG responsibilities along with its devotion to sustainable development objectives in line with the Global Reporting Initiative standards.
NADEC’s strategy complements the requirements for economic growth, keeps pace with developments in the Kingdom, and aligns with Vision 2030, which emphasizes environmental sustainability and renewable energy as fundamental components of development.
The analysis further provides a comprehensive insight into NADEC’s sustainability initiatives and commitments for the year 2023. The statement also disclosed that NADEC will periodically issue reports to keep stakeholders informed of ongoing developments going forward.
NADEC ended the session at SR25.50, up 0.98 percent.
Alhasoob Co. has announced the termination of the non-binding memorandum of understanding to acquire all shares of Alkhorayef Printing Solutions Co. by issuing shares to its owner Alkhorayef Group Co.
A bourse filing revealed that this comes without reaching an agreement between the two parties and without any obligation on either party.
Alhasoob Co. ended the session at SR64.20, down 3.07 percent.
Saudi Basic Industries Corporation has announced the board decision to distribute SR5.1 billion in interim cash dividends to shareholders for the second half of the year.
According to a Tadawul statement, the total number of shares eligible for dividends amounted to 3 billion shares, with the dividend per share standing at SR1.70. The statement also revealed that the percentage of dividend to the share par value stood at 17 percent.
SABIC ended the session at SR67.00, up 0.30 percent.
