Saudi Arabia's air defences intercepted a ballistic missile over the southern province of Najran on Thursday – a day after a fire broke out at an oil terminal in southern Saudi Arabia after it was hit by a projectile.
There were no injuries reported in the attack on the petroleum products distribution station in Jazan, a ministry source said.
"A projectile attack on a petroleum products distribution terminal in Jazan resulted in a fire in one of the terminal's tanks," the ministry told the official Saudi Press Agency. A further two missiles landed in uninhabited border areas, authorities said.
Arab Coalition spokesman Brig Gen Turki Al Malki said Yemen's Iran-backed Houthi rebels were responsible for the "cowardly sabotage attack" that not only targeted the kingdom but also the "nerve centre of the global economy".
He said the missile launches were a signal that the group rejected "all political efforts to end the Yemeni crisis, especially after the announcement of the kingdom’s initiative to end the crisis and reach a comprehensive political solution" this week.
Gen Al Malki emphasised that the kingdom would take any measures necessary to ensure the stability and security of global oil shipments as well as domestic infrastructure and safety.
Yemen's Houthi rebels increasingly launch attacks on the kingdom's energy installations. On Friday the Houthi group said it had attacked several Saudi Aramco facilities and military sites in the kingdom.
The UAE's Ministry of Foreign Affairs and International Co-operation said the attacks were a grave escalation of tensions.
"The security of the United Arab Emirates and the Kingdom of Saudi Arabia is indivisible, and any threat facing the kingdom is considered a threat to the UAE's security and stability."
The Ministry urged the international community to take an immediate and decisive stance to stop the attacks, which target critical infrastructure and threaten the security and stability of the kingdom, as well as global energy supplies. Bahrain and Kuwait joined the UAE in condemning the attacks for breaking international law, praising coalition forces for being vigilant in intercepting the Houthi attacks.
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Saudi Arabia's peace plan portrays serious intention
Peace push welcomed around the world
Saudi announces political initiative
On Monday, the kingdom proposed a nationwide ceasefire in Yemen, the reopening of Sanaa airport to selected destinations, a resumption of talks between Yemen’s warring sides, allowing additional fuel and supplies to enter Hodeidah port, and supporting efforts to rebuild and provide aid in the country.
The proposal was welcomed by the international community, which urged all sides to work towards ending the six-year conflict.
But the Houthis seemed to reject the proposal almost immediately, saying they would not back talks until Saudi Arabia brought its military campaign to a complete halt.
Riyadh intervened after a request from the Yemeni government after it was driven from the capital Sanaa by the rebels in 2015.
Peace talks are based on UN Security Council Resolution 2216, which calls for the Houthis to withdraw from areas they have seized and hand heavy weapons back to the government.
A cheaper choice
Vanuatu: $130,000
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Cost: A minimum investment of $130,000 for a family of up to four, plus $25,000 in fees.
Criteria: Applicants must have a minimum net worth of $250,000. The process take six to eight weeks, after which the investor must travel to Vanuatu or Hong Kong to take the oath of allegiance. Citizenship and passport are normally provided on the same day.
Benefits: No tax, no restrictions on dual citizenship, no requirement to visit or reside to retain a passport. Visa-free access to 129 countries.
Greatest of All Time
Starring: Vijay, Sneha, Prashanth, Prabhu Deva, Mohan
%20Ramez%20Gab%20Min%20El%20Akher
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Six pitfalls to avoid when trading company stocks
Following fashion
Investing is cyclical, buying last year's winners often means holding this year's losers.
Losing your balance
You end up with too much exposure to an individual company or sector that has taken your fancy.
Being over active
If you chop and change your portfolio too often, dealing charges will eat up your gains.
Running your losers
Investors hate admitting mistakes and hold onto bad stocks hoping they will come good.
Selling in a panic
If you sell up when the market drops, you have locked yourself out of the recovery.
Timing the market
Even the best investor in the world cannot consistently call market movements.
The specs: 2018 Mazda CX-5
Price, base / as tested: Dh89,000 / Dh130,000
Engine: 2.5-litre four-cylinder
Power: 188hp @ 6,000rpm
Torque: 251Nm @ 4,000rpm
Transmission: Six-speed automatic
Fuel consumption, combined: 7.1L / 100km
The specs
Engine: 1.5-litre turbo
Power: 181hp
Torque: 230Nm
Transmission: 6-speed automatic
Starting price: Dh79,000
On sale: Now
Company%20Profile
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Company%20Profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%20%3C%2Fstrong%3ENamara%0D%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3EJune%202022%0D%3Cbr%3E%3Cstrong%3EFounder%3A%20%3C%2Fstrong%3EMohammed%20Alnamara%0D%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EDubai%20%0D%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EMicrofinance%0D%3Cbr%3E%3Cstrong%3ECurrent%20number%20of%20staff%3A%20%3C%2Fstrong%3E16%0D%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3ESeries%20A%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EFamily%20offices%0D%3Cbr%3E%3C%2Fp%3E%0A
Milestones on the road to union
1970
October 26: Bahrain withdraws from a proposal to create a federation of nine with the seven Trucial States and Qatar.
December: Ahmed Al Suwaidi visits New York to discuss potential UN membership.
1971
March 1: Alex Douglas Hume, Conservative foreign secretary confirms that Britain will leave the Gulf and “strongly supports” the creation of a Union of Arab Emirates.
July 12: Historic meeting at which Sheikh Zayed and Sheikh Rashid make a binding agreement to create what will become the UAE.
July 18: It is announced that the UAE will be formed from six emirates, with a proposed constitution signed. RAK is not yet part of the agreement.
August 6: The fifth anniversary of Sheikh Zayed becoming Ruler of Abu Dhabi, with official celebrations deferred until later in the year.
August 15: Bahrain becomes independent.
September 3: Qatar becomes independent.
November 23-25: Meeting with Sheikh Zayed and Sheikh Rashid and senior British officials to fix December 2 as date of creation of the UAE.
November 29: At 5.30pm Iranian forces seize the Greater and Lesser Tunbs by force.
November 30: Despite a power sharing agreement, Tehran takes full control of Abu Musa.
November 31: UK officials visit all six participating Emirates to formally end the Trucial States treaties
December 2: 11am, Dubai. New Supreme Council formally elects Sheikh Zayed as President. Treaty of Friendship signed with the UK. 11.30am. Flag raising ceremony at Union House and Al Manhal Palace in Abu Dhabi witnessed by Sheikh Khalifa, then Crown Prince of Abu Dhabi.
December 6: Arab League formally admits the UAE. The first British Ambassador presents his credentials to Sheikh Zayed.
December 9: UAE joins the United Nations.
COMPANY%20PROFILE
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COMPANY%20PROFILE%20
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The Buckingham Murders
Starring: Kareena Kapoor Khan, Ash Tandon, Prabhleen Sandhu
Director: Hansal Mehta
Rating: 4 / 5
Women's Prize for Fiction shortlist
The Silence of the Girls by Pat Barker
My Sister, the Serial Killer by Oyinkan Braithwaite
Milkman by Anna Burns
Ordinary People by Diana Evans
An American Marriage by Tayari Jones
Circe by Madeline Miller
Race card for Super Saturday
4pm: Al Bastakiya Listed US$250,000 (Dh918,125) (Dirt) 1,900m.
4.35pm: Mahab Al Shimaal Group 3 $200,000 (D) 1,200m.
5.10pm: Nad Al Sheba Conditions $200,000 (Turf) 1,200m.
5.45pm: Burj Nahaar Group 3 $200,000 (D) 1,600m.
6.20pm: Jebel Hatta Group 1 $300,000 (T) 1,800m.
6.55pm: Al Maktoum Challenge Round 3 Group 1 $400,000 (D) 2,000m.
7.30pm: Dubai City of Gold Group 2 $250,000 (T) 2,410m.
The Penguin
Starring: Colin Farrell, Cristin Milioti, Rhenzy Feliz
Creator: Lauren LeFranc
Rating: 4/5
COMPANY%20PROFILE
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The Perfect Couple
Starring: Nicole Kidman, Liev Schreiber, Jack Reynor
Creator: Jenna Lamia
Rating: 3/5
The Internet
Hive Mind
four stars