FinPol Digest

 A number of Arab countries have condemned an attack on a fuel transport ship anchored at Jeddah port on Monday. Being labelled as a "terrorist attack", the oil tanker was hit by an explosive-laden boat, according to a statement released by Saudi Arabia's Ministry of Energy. Singaporean shipping firm Hafnia also confirmed that the oil tanker was struck by a blast from an "external source" at the Jeddah terminal. Reportedly, the ship was carrying 60,000 tons of gasoline that caused an explosion on board. Releasing a statement on its website, the shipping company confirmed that all 22 sailors on board the BW Rhine escaped the blast without suffering any injury. “BW Rhine has been hit from an external source whilst discharging at Jeddah, Saudi Arabia at approximately 00:40 local time on 14 December 2020, causing an explosion and subsequent fire on board,” Hafnia said in its statement, as reported by Reuters. According to the Saudi energy ministry spokesperson, the ...

 I want to share my stand about the reading I had. This is the political, religious, and financial weight, Saudi Arabia enjoys a strong position in global affairs. This nation has always played a crucial role in times of crisis, as a reliable partner for most countries in the world.   It enjoys a rare global and regional role owing to the religious and economic clout of Saudi Arabia. The oil-rich Kingdom also has a vital role to play in stabilizing global markets for energy. In fact, Saudi Arabia has always pursued wise and prudent strategies in times of global political and economic challenges to help its partners, and the world, recover quickly from these difficulties.