Firefighters extinguish flames after Saudi-led coalition air strikes on Sanaa on March 26, 2022. AP
Firefighters extinguish flames after Saudi-led coalition air strikes on Sanaa on March 26, 2022. AP
Firefighters extinguish flames after Saudi-led coalition air strikes on Sanaa on March 26, 2022. AP
Firefighters extinguish flames after Saudi-led coalition air strikes on Sanaa on March 26, 2022. AP

Coalition air strikes hit Houthi sites after Jeddah attack


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The Saudi-led coalition fighting Houthi rebels in Yemen carried out air strikes on the capital and Red Sea port city of Hodeidah in response to multiple attacks on Saudi Arabia on Friday, including one that caused a fire at an Aramco fuel depot in Jeddah.

Brig Gen Turki Al Malki, spokesman for the coalition, said the overnight strikes’ target was the “sources of threat” to the kingdom, the state-run Saudi Press Agency reported.

He said the coalition had intercepted and destroyed two explosives-laden drones early on Saturday that were launched from Houthi-held civilian oil facilities in Hodeidah.

He urged civilians to stay away from oil facilities in the city.

  • Smoke and flames rise above Saudi Arabia's Red Sea coastal city of Jeddah following a Houthi attack on an Aramco oil facility. AFP
    Smoke and flames rise above Saudi Arabia's Red Sea coastal city of Jeddah following a Houthi attack on an Aramco oil facility. AFP
  • A view of a fire at Saudi Aramco's petroleum storage facility in Jeddah, Saudi Arabia, after the Houthi attack. Reuters
    A view of a fire at Saudi Aramco's petroleum storage facility in Jeddah, Saudi Arabia, after the Houthi attack. Reuters
  • A fire broke out at Aramco's petroleum storage facility in Jeddah, Saudi Arabia, after an attack by Yemen's Houthi rebels. Reuters
    A fire broke out at Aramco's petroleum storage facility in Jeddah, Saudi Arabia, after an attack by Yemen's Houthi rebels. Reuters
  • A view of the fire at the Aramco petroleum storage facility in Jeddah. Reuters
    A view of the fire at the Aramco petroleum storage facility in Jeddah. Reuters
  • The Aramco petroleum storage facility is close to the Formula One circuit in Jeddah. Getty Images
    The Aramco petroleum storage facility is close to the Formula One circuit in Jeddah. Getty Images
  • Smoke billows from the storage facility in the Red Sea coastal city of Jeddah. AFP
    Smoke billows from the storage facility in the Red Sea coastal city of Jeddah. AFP
  • Yemen's Houthi rebels have claimed responsibility for the attack on the Aramco facility in Jeddah. AFP
    Yemen's Houthi rebels have claimed responsibility for the attack on the Aramco facility in Jeddah. AFP
  • The attack was part of a wave of drone and missile assaults on Saudi Arabia on Friday. AFP
    The attack was part of a wave of drone and missile assaults on Saudi Arabia on Friday. AFP

Footage circulated online showed flames and plumes of smoke over Sanaa and Hodeidah. Associated Press journalists in the Yemeni capital reported loud explosions that rattled residential buildings.

According to rebel-run Al Masirah TV, the targets included Ras Issa Port and electricity and fuel installations in Hodeidah, as well as military sites in Sanaa.

The rebels declared a three-day truce later on Saturday, including a suspension of attacks on Saudi Arabia and military operations inside Yemen. There was no immediate response from the coalition.

Following Friday’s attacks, the coalition said it would launch a military operation to counter the Houthi threat.

The attacks on Saudi Arabia were strongly condemned in the region and worldwide.

The UAE's Ministry of Foreign Affairs and International Cooperation said the rebels' repeated attacks on civilian and economic targets "reflected the Houthis terrorist militias' blatant defiance of the international community and their disregard of the efforts made to end the Yemeni crisis".

"This disregard of all international laws and norms requires a deterrent response to all that threatens the security, safety and lives of civilians," the ministry said in a statement on the state Wam news agency.

Fellow Gulf Co-operation Council members Kuwait, Bahrain and Qatar, as well as Egypt, Morocco and Algeria were among other countries in the region to voice condemnation of the attacks.

US Secretary of State Antony Blinken said the Houthi aggression came at a time when all sides "should be focused on de-escalation and bringing needed life-saving relief to the Yemeni people ahead of the holy month of Ramadan".

He said Washington would continue to work with Riyadh to strengthen its defences while working for a durable resolution to the conflict in Yemen.

The European Union said the attacks on cities and civilian infrastructure were "unacceptable" and called on the Houthis to stop.

The latest escalation is likely to complicate efforts by UN special envoy Hans Grundberg to reach a humanitarian truce during Ramadan, which is expected to begin early in April.

The Gulf Co-operation Council plans to host the warring sides for talks late this month.

But the Houthis have rejected Riyadh – the Saudi capital, in which the GCC is based – as a venue for talks, which are expected to include an array of Yemeni factions.

Yemen’s war erupted in late 2014 after the Houthis seized Sanaa. The Saudi-led coalition intervened in March the following year at the request of the internationally recognised government, and the conflict has created what the UN has described as the world’s biggest humanitarian crisis.

The Houthi attack on Jeddah came ahead of a Formula One race in the city on Sunday. Organisers said the race would go ahead after a meeting with drivers, teams and local authorities.

Hundreds of Jeddah-bound passengers were stranded at Cairo International Airport in Egypt after their flights were cancelled, according to airport officials.

The kingdom’s flagship carrier, Saudia, announced the cancellation of two flights on its website. A third canceled flight was operated by the low-cost Saudi airline flynas.

Some passengers found seats on other Saudi Arabia-bound flights and others were booked into hotels close to Cairo airport, Egyptian officials said.

Ten tax points to be aware of in 2026

1. Domestic VAT refund amendments: request your refund within five years

If a business does not apply for the refund on time, they lose their credit.

2. E-invoicing in the UAE

Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption. 

3. More tax audits

Tax authorities are increasingly using data already available across multiple filings to identify audit risks. 

4. More beneficial VAT and excise tax penalty regime

Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.

5. Greater emphasis on statutory audit

There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.

6. Further transfer pricing enforcement

Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes. 

7. Limited time periods for audits

Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion. 

8. Pillar 2 implementation 

Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.

9. Reduced compliance obligations for imported goods and services

Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations. 

10. Substance and CbC reporting focus

Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity. 

Contributed by Thomas Vanhee and Hend Rashwan, Aurifer

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UAE currency: the story behind the money in your pockets
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Company: Instabug

Founded: 2013

Based: Egypt, Cairo

Sector: IT

Employees: 100

Stage: Series A

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The specs
Engine: 4.0-litre flat-six
Power: 510hp at 9,000rpm
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Fuel economy, combined: 13.8L/100km
On sale: Available to order now
Price: From Dh801,800
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How to apply for a drone permit
  • Individuals must register on UAE Drone app or website using their UAE Pass
  • Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
  • Upload the training certificate from a centre accredited by the GCAA
  • Submit their request
What are the regulations?
  • Fly it within visual line of sight
  • Never over populated areas
  • Ensure maximum flying height of 400 feet (122 metres) above ground level is not crossed
  • Users must avoid flying over restricted areas listed on the UAE Drone app
  • Only fly the drone during the day, and never at night
  • Should have a live feed of the drone flight
  • Drones must weigh 5 kg or less
Updated: March 27, 2022, 6:34 AM