- Yemen’s Houthi rebels have launched a barrage of drone and missile attacks on Saudi Arabia
- Aramco has made record earnings in 2021. It has registered earnings of $110 billion driven by the surge in commodity price.
- Timings are coinciding with the Aramco Result. Aramco has made record earnings in 2021. It has registered an earning of $110 billion driven by the surge in commodity price. Income increased by 124% to in 2021, compared to $49 billion in 2020.
- US National Security Adviser Jake Sullivan stated that the US condemns Houthi strikes on Saudi civilian facilities
According to Saudi state-run media, Yemen’s Houthi rebels have launched a barrage of drone and missile attacks on Saudi Arabia. Houthi rebels have targeted a liquefied natural gas (LNG) plant, oil facility, water desalination plant, and a power station.
Firefighters were battling a limited fire in one of the tanks at a energy distribution centre, according to the Military Coalition. According to Military Coalition, there were no casualties due to incident at the Saudi Arabian Oil Co. site
Yehia Sarie, spokesman for the Houthi rebels, who are backed by Iran, said the group has launched a wide and big military operation into the depths of Saudi Arabia, without going into detail.
The Houthis have turned down an invitation from the Gulf Cooperation Council’s six members to join talks on the Yemen situation in Riyadh beginning March 29. Saudi Arabia has been leading a military coalition in Yemen since 2014, fighting the Huthis in a violent struggle. Saudi Arabia is trying to keep the globally recognised administration in power. Thousands of people have died, either directly or indirectly, as a result of the war in Yemen, which the UN has described as the world’s worst humanitarian disaster.
Aramco has made record earnings in 2021. It has registered an earning of $110 billion driven by the surge in commodity price. Income increased by 124% to in 2021, compared to $49 billion in 2020. Amin Nasser, President and CEO, discusses the company’s financial results in 2021, emphasising the company’s financial discipline and flexibility in the face of changing market conditions.
In 2021, Aramco generated a record profit. The increase in commodity prices has resulted in a profit of $110 billion. Earlier Amin Nasser, President and CEO, discussed company’s financial performance in 2021 and emphasised on company’s financial discipline and flexibility in the face of shifting market conditions.
Attack on Aramco facility is an attempt to weaken the financial strength of Saudi Arabia.
The terrorist strike carried out by the Houthi militia, which used ballistic missiles and drones to target economic and civilian institutions in numerous parts of Saudi Arabia, was strongly condemned by Arab League Secretary General Ahmed Aboul Gheit.
The continuing of the terrorist Houthi militia in carrying out these hostile acts against key locations in Saudi Arabia, according to Aboul Gheit, indicates the Houthis’ rejection of peace attempts once again.
Aboul Gheit further said that the attack is a flagrant violation of the UN Security Council’s resolutions. He expressed his deep concern about the ramifications of Houthi hostilities continuing. The international community is failing to act quickly and decisively to stop the dangerous escalation.
The Secretary General of the Arab League reaffirmed the Arab League’s support for the Kingdom of Saudi Arabia in all its efforts to combat terrorist actions and maintain its stability and security.
United States has condemned the Attack.
US National Security Adviser Jake Sullivan stated that the US condemns Houthi strikes on Saudi civilian facilities and urged the Houthis to work with the UN to deescalate the war. The Houthis are aided in their terrorist activities by Iran, which provides them with missile and UAV components, as well as training and experience. This is done in defiance of UN Security Council resolutions forbidding arms imports into Yemen.
Bureau Galactik Views