NEWS ALERT | Saudi-Led Coalition Says It Downs Houthi Drones Launched At Najran

RIYADH | SAUDI ARABIA – The Saudi-led coalition engaged in Yemen said its forces intercepted and downed drones launched by the Iran-aligned Houthi movement towards the Saudi border city of Najran on Wednesday in the first such incident since late March.

There was no immediate comment from the Houthi group about the attack, which comes after the expiry of a one-month casefire announced by the coalition on April 24, an extension of a two-week truce prompted by the coronavirus pandemic.

Coalition spokesman Colonel Turki al – Malki said in a statement carried on the Saudi state news agency that the drones has been directed at civilian targets. He said the alliance would continue to take deterrent measures to ‘neutralize and destroy’ Houthi capabilities.

In late March, after the group fired drones and missiles towards the Saudi capital Riyadh and southern parts of the Kingdom, which were intercepted, the coalition responded with several air strikes on the Houthi – held capital Sanaa.


BREAKING NEWS | Saudi – Led Coalition Intercepts Ballistic Rockets, Drones Launched By Yemen’s Houthis: State News Agency

RIYADH | SAUDI ARABIA – The Saudi –Led Coalition said on Monday that it intercepted and destroyed two ballistic rockets and six drones laden with explosives launched by Yemen’s Houthis towards the kingdom, the state news agency said, citing the coalition spokesman. The coalition has started a military operation against the Iran-aligned group after it … Continue reading BREAKING NEWS | Saudi – Led Coalition Intercepts Ballistic Rockets, Drones Launched By Yemen’s Houthis: State News Agency

BUSINESS NEWS | Federer – Backed Sports Shoe Maker On Preparing For IPO, Swiss Paper Says

VIENNA – Swiss sports shoe maker On, partly owned by tennis champion Roger Federer, is in the early stages of preparing for a stock exchange listing in summer or autumn of next year, newspaper NZZ am Sonntag reported. The Zurich – based company, founded 10 years ago, says it has  special sole technology that is … Continue reading BUSINESS NEWS | Federer – Backed Sports Shoe Maker On Preparing For IPO, Swiss Paper Says

BUSINESS NEWS | Abu Dhabi Fund Suspends Debt Service Repayments For Countries, Companies

ABU DHABI – Abu Dhabi Fund For Development has suspended debt service repayments for some countries and companies for the year, the state-financed fund said on Sunday. The fund provides financial assistance to companies in the United Arab Emirates and to developing countries, which has included Pakistan, Egypt, Sudan and Ethiopia. Debt service repayments would … Continue reading BUSINESS NEWS | Abu Dhabi Fund Suspends Debt Service Repayments For Countries, Companies

WORLD NEWS | Pope ‘Very Pained’ By Decision To Turn Istanbul’s Hagia Sophia Museum Into Mosque

VATICAN – Pope Francis said on Sunday he was hurt by Turkey’s decision to make Istanbul’s Hagia Sophia museum a mosque, the latest religious leader to condemn the move. ‘My thoughts go to Istanbul. I think of Santa Sophia and I am very pained’, he said during his weekly blessing in St.Peter’s Square. Turkish President … Continue reading WORLD NEWS | Pope ‘Very Pained’ By Decision To Turn Istanbul’s Hagia Sophia Museum Into Mosque

BUSINESS | Saudi Telecom Extends Vodafone Egypt Stake Purchase For Second Time

RIYADH | SAUDI ARABIA – Saudi Arabia’s largest telecoms operator Saudi Telecom CO said on Sunday it would need another two months to complete the purchase of Vodafone Group’s 55% stake in Vodafone Egypt. STC signed a non-binding agreement in January to buy the majority stake for $2.4 billion, but extended the process in April … Continue reading BUSINESS | Saudi Telecom Extends Vodafone Egypt Stake Purchase For Second Time

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