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US Providing Political Cover for Saudi Strikes, says Yemen’s Houthi Leader Abdel-Malek al-Houthi

The United States is a key ally of Saudi Arabia, which has come under fire from human rights groups over the air strikes that have repeatedly killed civilians in Yemen

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FILE - A supporter carries posters depicting Houthi leader Abdel-Malek al-Houthi during a rally in Sana'a, Yemen, March 6, 2015. Image source: VOA
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The leader of Yemen’s Iran-allied Houthi faction Abdel-Malek al-Houthi accused the United States of providing logistical support and political cover for Saudi-led air strikes in the 18-month Yemeni conflict.

In his first published interview since the start of the civil war, Abdel-Malek al-Houthi also told the Houthis’ quarterly magazine his group was open to a peaceful solution of the conflict, in which at least 10,000 people have died.

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“The United States plays a major role in the aggression… including logistical support for air and naval strikes, providing various weapons… and providing complete political cover for the aggression, including protection from pressure by human rights groups and the United Nations,” he said.

The United States is a key ally of Saudi Arabia, which has come under fire from human rights groups over the air strikes that have repeatedly killed civilians in Yemen.

Saudi Arabia and its allies, which have intervened in the conflict in support of the exiled government of Yemeni President Abd Rabbu Mansour Hadi, see the Houthis as proxies of their archrival Iran.

The Houthis deny this and say Hadi and Saudi Arabia are pawns of the West bent on dominating their impoverished country and excluding them from power.

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U.N.-sponsored talks to try to end the fighting collapsed last month and the Houthis and allied forces loyal to former Yemeni president Ali Abdullah Saleh have resumed shelling attacks into Saudi Arabia, Yemen’s large northern neighbour.

In his interview, Abdel-Malek al-Houthi said his opponents did not understand the meaning of real dialogue.

“The hurdle facing negotiations and dialogue is that the other party wants to achieve through the talks what it wanted to achieve through war, not understanding that the path of dialogue and peace is different to the path of war,” he said.

Last month U.S. Secretary of State John Kerry said he had agreed in talks in Saudi Arabia with Gulf Arab states and the United Nations on a plan to restart peace talks for Yemen with a goal of forming a unity government.

Both the Houthis and the exiled government have welcomed the idea of a return to talks since then. (VOA)

 

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Saudi Arabia’s Sovereign Fund Invested $1 Billion In An American Electric Car Manufacturer

Saudi Arabia's 33-year-old Crown Prince Mohammed bin Salman has talked about using the PIF to help diversify the economy of the kingdom.

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Derek Jenkins, VP of Design at Lucid Motors, introduces the alpha prototype of the Lucid Air at the 2017 New York International Auto Show in New York City. VOA

Saudi Arabia’s sovereign wealth fund invested $1 billion Monday in an American electric car manufacturer just weeks after Tesla CEO Elon Musk earlier claimed the kingdom would help his own firm go private.

Tesla stock dropped Monday on reaction to the news, the same day that the Saudi fund announced it had taken its first loan, an $11 billion borrowing from global banks as it tries to expand its investments.

The Saudi Public Investment Fund said it would invest the $1 billion in Newark, California-based Lucid Motors.

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Lucid Motors. Flickr

The investment “will provide the necessary funding to commercially launch Lucid’s first electric vehicle, the Lucid Air, in 2020,” the sovereign wealth fund said in a statement. “The company plans to use the funding to complete engineering development and testing of the Lucid Air, construct its factory in Arizona, enter production for the Lucid Air to begin the global rollout of the company’s retail strategy starting in North America.”

Lucid issued a statement quoting Peter Rawlinson, its chief technology officer, welcoming the investment.

“At Lucid, we will demonstrate the full potential of the electric-connected vehicle in order to push the industry forward,” he said.

The decision comes after Musk on Aug. 7 tweeted that he had “funding secured” to take Tesla private. Investors pushed Tesla’s shares up 11 percent in a day, boosting its valuation by $6 billion.

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There are multiple reports that the U.S. Securities and Exchange Commission is investigating the disclosure, including asking board members what they knew about Musk’s plans. Experts say regulators likely are investigating if Musk was truthful in the tweet about having the financing set for the deal. Musk later said the Saudi Public Investment Fund would be investing in the firm, something Saudi officials never comment on.

Meanwhile Monday, the sovereign wealth fund known by the acronym PIF said it had taken its first loan, an $11 billion borrowing. It did not say how it would use the money, only describing it as going toward “general corporate purposes.”

Also Read: Electric Cars: The Newest Trend in India

The Las Vegas-based Sovereign Wealth Fund Institute estimates the Saudi fund has holdings of $250 billion. Those include a $3.5 billion stake in the ride-sharing app Uber.

Saudi Arabia’s 33-year-old Crown Prince Mohammed bin Salman has talked about using the PIF to help diversify the economy of the kingdom, which relies almost entirely on money made from its oil sales. (VOA)