Page 2 - Mohammed Bin Salman

Saudi Arabia's Aramco hikes dividend 30% to $98 bn despite drop in profit

The profit, down from $161.1 billion in 2022, was still the company's second-highest on record, Aramco said on Sunday as it reported total dividends for the year of $97.8 billion, up 30%

Saudi Arabia transfers another 8% of Aramco shares to sovereign wealth fund

Saudi Arabia's crown prince transferred another 8% of shares in the kingdom's oil giant Saudi Aramco to the country's prominent sovereign wealth fund on Thursday. The shares are worth some $160 billion. Crown Prince Mohammed bin Salman's decision comes as the kingdom is trying to build a series of megaprojects and invest in sports and other fields aggressively abroad to wean the country off of relying solely on oil. The country's sovereign wealth fund known as the Public Investment Fund, or PIF, has been a key element of Mohammed's plans, known as Saudi Vision 2030. The transfer of part of the state's shares in Saudi Aramco is a continuation of Saudi Arabia's long-term initiatives to boost and diversify the national economy and expand investment opportunities in line with Saudi Vision 2030, a statement announcing the deal said. The transfer will also solidify PIF's strong financial position and credit rating. The statement said the kingdom's ownership in Aramco would now be 82.186%

Israel occupation responsible for crimes against Palestinians: Saudi Prince

He pointed to the 'double standards' in applying international humanitarian law, condemning the international community's silence towards the violations against the Palestinian civilians

US Prez Biden, Saudi Crown Prince MBS discuss Israel-Hamas war escalation

The two also affirmed the importance of working towards a sustainable peace between Israelis and Palestinians as soon as the crisis subsides

Iran Prez, Saudi Crown Prince hold 1st call since ties mended, discuss war

The leaders engaged in the discussion on Wednesday, emphasising "the need to end war crimes against Palestine," Iranian presidential political affairs aide

Top headlines: KKR to invest in Reliance Retail, gains for rail, infra cos

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Saudi Crown Prince's visit may open funding doors for Indian companies

The fund is the seven largest sovereign wealth fund in the world and is the kingdom's key investment vehicle

PM Narendra Modi, Saudi Crown Prince MBS target $100 bn FDI in India

Earmark $50 billion for the West Coast Refinery

LIVE: Earthquake of 6.2 magnitude struck Indonesia's North Maluku province

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PM Modi meets Saudi Crown Prince, discusses trade and defence ties

Prime Minister Narendra Modi and Saudi Arabia's Crown Prince discussed all aspects of bilateral relations, including political, security, defence, trade, economy, culture, and people-to-people ties

Saudi Arabia one of India's most important strategic partners: PM Modi

The strategic partnership between India and Saudi Arabia is crucial for regional and global stability and welfare, Prime Minister Narendra Modi said on Monday during his talks with Saudi Crown Prince Mohammed Bin Salman Bin Abdulaziz Al-Saud. Describing Saudi Arabia as one of India's most important strategic partners, Modi said both sides are adding new dimension to the ties in tune with changing times. Modi and Bin Salman reviewed the bilateral relations at the first meeting of the India-Saudi Arabia Strategic Partnership Council. In his opening remarks at the meeting, the prime minister said several initiatives have been identified to take "our close partnership to next level. Our relationship will get a new direction and energy in today's meeting". The India-Saudi Arabia Strategic Partnership Council was announced in 2019 with an aim to further increase cooperation in critical areas. Bin Salman is currently on a State visit to India following end of the G20 Summit. Ahead of t

PM Modi holds talks with Saudi Crown Prince to shore up bilateral ties

Prime Minister Narendra Modi on Monday held wide-ranging talks with Saudi Crown Prince Mohammed Bin Salman Bin Abdulaziz Al-Saud, focussing on shoring up bilateral trade and defence ties. Bin Salman is currently on a State visit to India following end of the G20 Summit. Ahead of the talks, the Crown Prince was accorded a ceremonial welcome at the forecourt of the Rashtrapati Bhavan. "I am very glad to be here in India. I want to congratulate India for the G20 Summit," Bin Salman told reporters after the ceremonial welcome. The Saudi leader said the announcements made at the summit will benefit the world. "We will work together to create a great future for both the countries," he said. Saudi Arabia is one of India's key strategic partners in the Middle-East. The overall relations between the two countries have witnessed a significant upward trajectory in the last few years. The two sides have also been focusing on strengthening their defence and security partnership. The then C

Saudi Arabia Crown Prince to meet PM Modi at Hyderabad House today

Prior to his meeting with PM Modi, the Saudi Arabian Crown Prince will receive a ceremonial reception at Rastrapati Bhawan in New Delhi at 10 am

Biden to Kishida, what G20 leaders had to say about economic corridors

From strengthening connectivity to enabling global cooperation, leaders a the 2023 G20 Summit speak about the progress, achievement and potential of partnership of global infrastructure and investment

Ronaldo to Neymar: Saudi Arabia is changing football one player at a time

Saudi Pro League has signed at least 22 big names from European football since January. The contracts are also bigger than usual. How is it doing so, and why?

Saudi prince MBS warned US of economic pain amid oil feud last year: Report

After Biden said it would impose penalties on Saudi Arabia for slashing oil production, MBS allegedly said he would not deal with the US anymore

China oils a West Asian deal

The US, currently obsessed with its campaigns against Russia and oil, may respond over time. But Iran and Israel are both capable of surprise manoeuvres

As West Asia looks beyond America, Xi may be headed to Saudi Arabia

Xi will visit Saudi Arabia from Dec. 7-9, when he will take part in a regional summit with Saudi Crown Prince Mohammed bin Salman and other Arab leaders

US court dismisses lawsuit against Saudi prince over journalist's killing

A US federal judge on Tuesday dismissed a lawsuit against Saudi Crown Prince Mohammed bin Salman in the killing of US-based journalist Jamal Khashoggi, bowing to the Biden administration's insistence that the prince was legally immune in the case. District of Columbia US District Judge John D Bates heeded the US government's motion to shield Prince Mohammed from the lawsuit despite what Bates called credible allegations of his involvement in Khashoggi's murder. A team of Saudi officials killed Khashoggi inside the Saudi consulate in Istanbul in 2018. Khashoggi, a columnist for The Washington Post, had written critically of the harsh ways of Prince Mohammed, Saudi Arabia's de facto ruler. The US intelligence community concluded the Saudi crown prince ordered the operation against Khashoggi. The killing opened a rift between the Biden administration and Saudi Arabia that the administration has tried in recent months to close, as the US unsuccessfully urged the kingdom to undo oil ...

Toshkhana controversy: Want to return Graff watch, says Dubai businessman

A Dubai-based businessman, who claimed that he bought a multi-million dollar luxury watch gifted to former Pakistan prime minister Imran Khan by Saudi Crown Prince Mohammed bin Salman, on Monday said that he wants to return the prized possession to its rightful owner. The expensive Graff wristwatch, worth USD 2 million, was part of the gifts whose alleged sale landed Khan to the Toshkhana controversy, which resulted in his disqualification from contesting elections after he was charged with making "false statements and erroneous declarations". The businessman Umar Farooq Zahoor has claimed that he bought the watch from Khan through his trusted family friend, Farah Gig, after paying a hefty amount of money. However, he now regrets the decision and is willing to part with it to end the controversy surrounding the watch in Pakistan. As an ordinary Pakistani, and as a token of gratitude toward Saudi Arabia, if given the opportunity, I would like to return this watch to its rightful own