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Yemen's Houthi rebels attacked an oil depot on Friday in the Saudi city of Jiddah ahead of a Formula One race in the kingdom. It was the rebels' highest-profile assault yet, though Saudi authorities pledged the upcoming grand prix would go on as scheduled.
The attack targeted the same fuel depot that the Houthis had attacked in recent days, the North Jiddah Bulk Plant that sits just southeast of the city's international airport and is a crucial hub for Muslim pilgrims heading to Mecca. No injuries were reported in the attack.
The Saudi Arabian Oil Co, known as Saudi Aramco, did not immediately respond to a request for comment. Saudi authorities acknowledged a “hostile operation” by the Houthis targeting the depot with a missile.
In Yemen, Saudi Arabia leads a coalition battling the Iran-backed Houthis, who seized Yemen's capital of Sanaa in September 2014. The kingdom, which entered the war in 2015, has been internationally criticized for its airstrikes killing that have killed scores of civilians - something the Houthis point to as they launch drones, missiles and mortars into the kingdom.
Brig Gen Turki al-Malki, a spokesman for the Saudi-led coalition, said the fire damaged two tanks and was put out without injuries.
"This hostile escalation targets oil facilities and aims to undermine energy security and the backbone of global economy," al-Malki said, according to the state-run Saudi Press Agency. “These hostile attacks had no impact or repercussions in any way, shape or form on public life in Jiddah.” British Prime Minister Boris Johnson condemned the Houthi attacks on Twitter. “These strikes put civilian lives at risk and must stop,” he wrote.

WATCH: raging fire at an oil depot in Saudi Arabia after Houthi attack

Yemen's Houthi rebels attacked an oil depot on Friday in the Saudi city of Jiddah ahead of a Formula One race in the kingdom.

Captions:&nbsp;
Yemen's Houthi rebels attacked a Saudi oil depot
No injuries were reported in the attack
Officials: two oil tanks damaged in the fire

The attack targeted the same fuel depot that the Houthis had attacked in recent days, the North Jiddah Bulk Plant that sits just southeast of the city's international airport

Yemen's Houthi rebels attacked an oil depot on Friday in the Saudi city of Jeddah ahead of a Formula One race in the kingdom. It was the rebels' highest-profile assault yet, though Saudi authorities pledged the upcoming grand prix would go on as scheduled.
The attack targeted the same fuel depot that the Houthis had attacked in recent days, the North Jiddah Bulk Plant that sits just southeast of the city's international airport and is a crucial hub for Muslim pilgrims heading to Mecca. No injuries were reported in the attack.
The Saudi Arabian Oil Co, known as Saudi Aramco, did not immediately respond to a request for comment. Saudi authorities acknowledged a &ldquo;hostile operation&rdquo; by the Houthis targeting the depot with a missile.
In Yemen, Saudi Arabia leads a coalition battling the Iran-backed Houthis, who seized Yemen's capital of Sanaa in September 2014. The kingdom, which entered the war in 2015, has been internationally criticized for its airstrikes killing that have killed scores of civilians - something the Houthis point to as they launch drones, missiles and mortars into the kingdom.
Brig Gen Turki al-Malki, a spokesman for the Saudi-led coalition, said the fire damaged two tanks and was put out without injuries.
Also watch:&nbsp;<a href="https://www.editorji.com/world-news/war-in-yemen-the-poorest-arab-nation-who-are-houthis-and-why-is-saudi-coalition-fighting-them-1643028266812">War in Yemen, the poorest Arab nation: who are Houthis and why is Saudi coalition fighting them</a>
"This hostile escalation targets oil facilities and aims to undermine energy security and the backbone of global economy," al-Malki said, according to the state-run Saudi Press Agency. &ldquo;These hostile attacks had no impact or repercussions in any way, shape or form on public life in Jiddah.&rdquo;&nbsp;

Mukesh&nbsp;Ambani&nbsp;backed Reliance Industries&nbsp;defended&nbsp; the appointment of&nbsp;Saudi Aramco&nbsp;Chairman, Yasir Al-Rumayyan as an independent director on its board reiterating that his appointment has no connection with Saudi Aramco's plans to buy a stake in its oil-to-chemicals business.
Shareholders are in the process of voting to confirm the appointment of the&nbsp;Saudi Aramco's&nbsp;chief onto RIL's&nbsp;board for 3 years.&nbsp; Reliance&nbsp;had appointed Aramco's&nbsp;Yasir Al-Rumayyan&nbsp;as an independent director on July 19 . Meanwhile a&nbsp;
As per reports&nbsp;U.S. proxy advisory research firm Glass Lewis' has advised shareholders to vote against the appointment as the Aramco&nbsp;representative as per Lewis is not truly 'independent' as the two companies are in the process of a stake sale in the oil-to-chemical business.&nbsp;
In a statement filed with the stock exchanges,&nbsp;RIL&nbsp;said its O2C (oil-to-chemicals) business is being hived off into a subsidiary, and as per the terms of the proposed transaction,&nbsp;Saudi Aramco&nbsp;will participate in the equity of the O2C subsidiary. The O2C subsidiary board may have nominees of&nbsp;Saudi Aramco&nbsp;to protect its interest,&nbsp;RIL&nbsp;said.

Reliance backs Saudi Aramco chairman appointment as independent director

Is the Aramco Chairman really an 'independent' director for Reliance board. Shareholders set to vote as Ambani backed RIL defends its position. 

Reliance backs Aramco chief's post as independent

Mukesh&nbsp;Ambani&nbsp;backed Reliance Industries&nbsp;defended&nbsp; the appointment of&nbsp;Saudi Aramco&nbsp;Chairman, Yasir Al-Rumayyan as an independent director on its board reiterating that his appointment has no connection with Saudi Aramco's plans to buy a stake in its oil-to-chemicals business. Shareholders are in the process of voting to confirm the appointment of the&nbsp;Saudi Aramco's&nbsp;chief onto RIL's&nbsp;board for 3 years.&nbsp; Reliance&nbsp;had appointed Aramco's&nbsp;Yasir Al-Rumayyan&nbsp;as an independent director on July 19 . Meanwhile a&nbsp;
As per reports&nbsp;U.S. proxy advisory research firm Glass Lewis' has advised shareholders to vote against the appointment as the Aramco&nbsp;representative as per Lewis is not truly 'independent' as the two companies are in the process of a stake sale in the oil-to-chemical business.&nbsp; In a statement filed with the stock exchanges,&nbsp;RIL&nbsp;said its O2C (oil-to-chemicals) business is being hived off into a subsidiary, and as per the terms of the proposed transaction,&nbsp;Saudi Aramco&nbsp;will participate in the equity of the O2C subsidiary. The O2C subsidiary board may have nominees of&nbsp;Saudi Aramco&nbsp;to protect its interest,&nbsp;RIL&nbsp;said.

The appointment of Yasir Al-Rumayya has taken effect from July 19, 2021 for a term of 3 years, RIL said in a statement

Mukesh&nbsp;Ambani&nbsp;backed Reliance Industries&nbsp;defended&nbsp; the appointment of&nbsp;Saudi Aramco&nbsp;Chairman, Yasir Al-Rumayyan as an independent director on its board reiterating that his appointment has no connection with Saudi Aramco's plans to buy a stake in its oil-to-chemicals business.
Shareholders are in the process of voting to confirm the appointment of the&nbsp;Saudi Aramco's&nbsp;chief onto RIL's&nbsp;board for 3 years.&nbsp; Reliance&nbsp;had appointed Aramco's&nbsp;Yasir Al-Rumayyan&nbsp;as an independent director on July 19 . Meanwhile a&nbsp;
As per reports&nbsp;U.S. proxy advisory research firm Glass Lewis' has advised shareholders to vote against the appointment as the Aramco&nbsp;representative as per Lewis is not truly 'independent' as the two companies are in the process of a stake sale in the oil-to-chemical business.&nbsp;
In a statement filed with the stock exchanges,&nbsp;RIL&nbsp;said its O2C (oil-to-chemicals) business is being hived off into a subsidiary, and as per the terms of the proposed transaction,&nbsp;Saudi Aramco&nbsp;will participate in the equity of the O2C subsidiary. The O2C subsidiary board may have nominees of&nbsp;Saudi Aramco&nbsp;to protect its interest,&nbsp;RIL&nbsp;said.

Reliance becomes first Indian firm to cross $200 bn market cap

Reliance Industries has become the first Indian firm&nbsp;to cross the $200 billion market cap after it shares&nbsp;surged almost 6% during the day to touch an all-time high of 2,344

Mukesh Ambani's Reliance Industries has become the first Indian firm&nbsp;to cross the $200 billion market cap.&nbsp;This is about twice the size of the next biggest Indian firm, TCS, which is valued at $119 billion.
RIL's shares&nbsp;surged almost 6% during the day to touch an all-time high of 2,344 on Thursday, as per the NSE&nbsp;data. It has surged nearly 157% since mid-March. The rise in market value of the oil-to-telecom conglomerate is driven by its retail and telecom operations.
In terms of global oil &amp; gas companies, RIL ranks second, after Saudi Aramco.

saudi aramco

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