Barkah News

                                                                                     US launches fresh attack in Yemen; Houthis promise retaliation NEW YORK, Jan. 13 (Reuters) - As Washington promises to defend shipping from attacks by the Iran-aligned group, tensions have increased as the Houthi movement pledged a "strong and effective response" following the United States' second strike in Yemen during the night. Concerns regarding the conflict's escalation have grown as a result of the strikes. Since Israel and the Palestinian militant group Hamas went to war, other countries such as Lebanon, Syria, and Iraq have also joined the fight, including Iran. One day after many US and British strikes on Houthi sites in Yemen, the United States announced that the most recent strike targeted a radar post. The American-British strikes, according to the Pentagon, had "good effects" on Friday. The Houthis claim their naval assault is intended to aid Palestinians in Ga

 World Arabic Language Day is celebrated with festivities organized by a Saudi academy.   Friday .  January 12, 2024                                                                            Source arabnews.com RIYADH: For a second consecutive year, Saudi Arabia’s King Salman Global Academy for Arabic Language has prepared a special schedule of events, in conjunction with the Organization of Islamic conjunction, as part of the current celebrations for World Arabic Language Day. Under the patronage of Prince Badr bin Abdullah bin Farhan, Minister of Culture and Chair of the Academy's Board of Trustees, the activities are scheduled for January 14. According to the Saudi Press Agency, there will be an international celebration at the UN headquarters in New York in addition to the events taking place at the OIC general secretariat offices in Jeddah. The secretary-general of the OIC, Hissein Brahim Taha, will formally inaugurate the festivities. Other distinguished visitors will includ

 Highlighted this month at the Real Estate Future Forum in Riyadh are innovation and sustainability.                                                                                 Source arabnews.com RIYADH: The third Saudi Real Estate Future Forum, taking place in Riyadh from January 22 to 24, will feature a focus on emerging trends in real estate, specifically pertaining to innovations and sustainable solutions. With the subject "The Power of Flexibility... Building a Sustainable and Prosperous Real Estate Future," organizers anticipate more than 300 speakers from 85 countries, representing both the public and private sectors. Local and foreign economists, investors, decision-makers, and real estate specialists will be present at the event, which is organized by the Ministry of Municipal and Rural Affairs and Housing, the Saudi Press Agency said on Wednesday. According to Ministry spokesman Saif Al-Suwailem, the forum highlights the real estate industry's significant r

 Indonesia is prepared to work with ASEAN to complete COC in SCS. January 10, 2024                                                              Source en.antaranews.com Jakarta (ANTARA) - Retno Marsudi, the minister of foreign affairs, emphasised that Indonesia is prepared to collaborate with all ASEAN nations, including the Philippines, in order to expeditiously finalise the Code of Conduct (COC) in the South China Sea (SCS). Following a bilateral meeting with Philippine Secretary of Foreign Affairs Enrique A. Manalo in Manila on Tuesday, January 9, Marsudi released the statement. According to a transcript of her news conference, the minister said, "We welcome the Statement on Maintaining and Promoting Stability in the Maritime Sphere in Southeast Asia issued by ASEAN Foreign Ministers on December 30 last year." Marsudi believes that the declaration made by the ASEAN foreign ministers is a critical step towards ensuring prosperity, peace, and stability in the SCS. In recent

 Despite Houthi strikes, oil tankers continue their movements in the Red Sea. By Arathy Somasekhar and Georgina Mccartney 9:02 PM on January 9, 2024                                                                        Source reuters.com January 9, Houston (Reuters) - According to a Reuters study of vessel tracking data, oil and fuel tanker traffic in the Red Sea remained steady in December despite the fact that many container ships had to reroute as a result of strikes by militants affiliated with Iran. Shippers are still using the vital East-West waterway, thus the attacks have not had the expected impact on oil shipments, despite a substantial increase in insurance premiums and shipping prices. The Houthis, who claim to be targeting ships headed for Israel, have mostly targeted cargoes of non-petroleum items. Most shippers have not noticed a significant difference in costs thus far because shipping across the Red Sea is still significantly less expensive than shipping around Africa

 Saudi pricing cuts offset Middle East concerns as oil prices decline. By Natalie Grover at 7:44 p.m. on January 8, 2024                                                                            Source reuters.com January 8, London (Reuters) - Sharp price cuts by Saudi Arabia, the world's largest oil exporter, and an increase in OPEC production countered supply worries brought on by the rising geopolitical unrest in the Middle East, causing oil prices to plummet by more than 2% on Monday. By 12:37 GMT, U.S. West Texas Intermediate crude futures had down 2.7%, or $2.01, to $71.8, while Brent crude had dropped 2.5%, or $1.99, to $76.77 a barrel. In the first week of 2024, both contracts increased by more than 2% due to growing geopolitical risk in the Middle East following attacks on ships in the Red Sea by the Yemeni Houthis. Saudi Arabia lowered its flagship Arab Light crude's February official selling price (OSP) to Asia to its lowest level in 27 months on Sunday due to incre

 Indonesia will observe Arabic Language Month in conjunction with Saudi Arabia's King Salman Global Academy.                                                                  Source arabnews.com RIYADH: On Sunday, Indonesia will celebrate Arabic Language Month, which is being organized by Saudi Arabia's King Salman Global Academy for Arabic Language. The four-week festival, which ends on February 2, features a schedule of events created in collaboration with educational institutions in the cities of Malang and Jakarta. According to the Saudi Press Agency, they are intended to promote Arabic language instruction, boost educator effectiveness, and increase awareness of the language through activities at Indonesian institutions with Arabic language departments and programs. According to the academy's secretary-general, Abdullah Al-Washmi, the organization is dedicated to advancing Arabic both domestically and globally. The month-long program is designed to introduce non-native