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Houthi Missile

Saudi forces say Houthi missile intercepted over Najran

RIYADH: Saudi air defence forces intercepted a missile fired by Houthi fighters in neighbouring Yemen at the southern Saudi city of Najran on Saturday, the Saudi-led coalition said. In a statement carried by state news agency SPA the coalition said that according to initial findings an Indian resident was injured by falling debris after the missile was intercepted. The Houthi-run Saba news agency earlier said a missile was fired at a Saudi National Guard base in Najran, and that it had led to “losses in the ranks of…

Saudi Arabia to slash oil dependence to less than half of budget

RIYADH: Saudi Arabia, for decades dependent on crude oil to fund its budget, now says it will cut its reliance on the black gold to less than half of total revenues. King Salman unveiled the 2018 budget on Tuesday, just hours after the Saudi seat of government, Riyadh's Yamamah Palace, was targeted by a rebel missile fired from neighbouring Yemen. The aging monarch, addressing his cabinet with no mention of the spillover from Saudi Arabia's war-torn neighbour, said the kingdom would "continue to decrease its dependence…