Page 12 - Saudi Arabia

Saudi Arabia: MBS wants Hollywood's help to grow local film industry

Beyond attracting foreign producers, Saudi Arabia is hoping to plant the roots of its own industry, reflecting its values

Chinese investors pile into Saudi ETFs as two countries grow closer

The Saudi-focused ETFs enjoyed a bumper start when they debuted in Shanghai and Shenzhen on July 16 with both jumping by the daily 10 per cent limit on their first two trading days

Viral video: Hawai Chappal sold for 1 lakh in Saudi Arabia, netizens react

A video went viral on social media where a staff member of a footwear store could be seen selling Hawai sandals for Rs 1 lakh in Saudi Arabia. Watch the video here

Saudi ups imports of dirtiest oil to meet rising power demand amid heatwave

Shipments of fuel oil rose in June to the most since at least the end of 2020, and are expected to remain elevated this month, according to data from market researchers Kpler and Vortexa

Saudi Arabia raises $12.35 bn from Aramco share sale after increasing offer

Aramco's shares have risen 3.3 percent since the offering last month

Saudi Arabia to lure ultra-luxury travelers with Red Palace stays

The Red Palace was built in the 1940s for the then-crown prince. Now, the 9-acre, art-deco manse is being transformed into an ultra-luxury hotel designed to give guests a taste of the Saudi royal life

Bolsonaro embezzled $1.2 mn worth of jewellery from Saudi Arabia: Police

Brazil's Federal Police allege former president Jair Bolsonaro embezzled jewellery worth 6.8 million Brazilian reals (about USD 1.2 million) during his time in office, according to the investigative report unsealed on Monday by the Supreme Court. Bolsonaro was indicted last week charging embezzlement, asset laundering and criminal association in connection with the luxury jewellery from Saudi Arabia. The investigation adds pressure on the far-right leader who governed in 2019-2022 before losing his reelection bid to Luiz Incio Lula da Silva. He has already lost his political rights until 2030. Bolsonaro has not commented on the indictment, but has previously denied any wrongdoing involving the jewellery. The police report alleges there was "a criminal association for the embezzlement of high-value gifts that were received due to the position of former President Jair Bolsonaro". The jewellery included diamond-encrusted Rolex and Patek Phillipe watches, a necklace, rings and cufflinks

From Netflix fame to Saudi cell: Animator faces 13 yrs in prison for tweets

A Saudi court sentenced the Netflix animator to 13 years in prison and imposed a 30-year travel ban for tweets posted over a decade ago

Aramco signs over $25 bn of deals for main gas network, Jafurah gas field

Saudi Arabia is working on developing its unconventional gas reserves, which require advanced extraction methods such as those used in the shale gas industry

8.7 mn Indians employed in West Asia, mostly in blue-collar jobs: Report

UAE remains the largest hub, followed by Saudi Arabia and Kuwait

Saudi Arabia to become world's biggest construction mkt with large inflows

Aimed at overhauling and diversifying the economy, the kingdom is making large investments in infrastructure

Pilgrim deaths in Mecca bring underworld of Hajj industry into spotlight

While pilgrims with permits are transported around the holy city of Mecca in air-conditioned buses and rest in air-conditioned tents, unregistered ones are often exposed to the elements

Heatwave tragedy for Hajj pilgrims: Saudi Arabia reports 1,301 deaths

The Saudi government's statement highlighted that 83 per cent of the deceased were 'unauthorised pilgrims', facing extreme conditions without adequate shelter or amenities

More than 1,300 died during Hajj, many after walking in intense heat

More than 1,300 people died during this year's Hajj pilgrimage in Saudi Arabia as the faithful faced extreme high temperatures at Islamic holy sites in the desert kingdom, Saudi authorities announced Sunday. Saudi Health Minister Fahd bin Abdurrahman Al-Jalajel said that 83% of the 1,301 fatalities were unauthorized pilgrims who walked long distances in soaring temperatures to perform the Hajj rituals in and around the holy city of Mecca. Speaking with the state-owned Al Ekhbariya TV, the minister said 95 pilgrims were being treated in hospitals, some of whom were airlifted for treatment in the capital, Riyadh. He said the identification process was delayed because there were no identification documents with many of the dead pilgrims. He said the dead were buried in Mecca, without giving a breakdown. The fatalities included more than 660 Egyptians. All but 31 of them were unauthorized pilgrims, according to two officials in Cairo. Egypt has revoked the licenses of 16 travel agencie

Essar awaits final approvals to begin work on steel plant in Saudi

Essar Group is awaiting final approvals to start investing about USD 4.5 billion in building a low-carbon steel plant in Saudi Arabia, its top official Prashant Ruia said. The approvals are expected anytime now, after which the conglomerate will start working on the 4 million tonne per year steel plant along with port facilities at Ras Al-Khair in Saudi Arabia. "We still haven't got all the final approvals," Ruia, director of Essar Capital, which manages the group's portfolio of investments, said in an interview with PTI. The plant will meet domestic steel demand in Saudi Arabia. "Saudi Arabia is going through a large growth phase, a large part of steel today is getting imported into Saudi Arabia. So this is basically a domestic plant," he said. The oil-rich kingdom is eyeing becoming an electric vehicle manufacturing hub, manufacturing more than 3 lakh cars annually by 2030. Essar is looking to tap into the demand for steel for such cars as well as for other consumer goods ...

May oil imports: Russia at record high, Saudi lowest in 10-month

India shipped in about 5.1 million bpd oil in May, a growth of about 5.6% from April, the data shows

India to push its 2036 Olympic bid in Paris, seek inclusion of Indic sports

India's sports administrators would be "lobbying" hard during the upcoming Paris Olympics to brighten the country's chances of hosting the 2036 Games where they will push for the inclusion of indigenous disciplines like yoga, kho kho and kabaddi if their ambitious bid is successful. The Sports Authority of India's Mission Olympic Cell (MOC) presented its detailed report on the measures needed for a successful bid to new sports minister Mansukh Mandaviya on Thursday. In this document, MOC has identified six disciplines, including yoga, kho kho, kabaddi, chess, T20 cricket and squash for inclusion in the 2036 Olympics if the country gets to host the quadrennial extravaganza. "We met the new Sports Minister yesterday and handed him the report. The minister said he will need a few days to go through it. But he asked us to prepare another report on how sports can be a career option in the country, how to build interest among youth, how to bring private players into sports," a senior memb

90 Indians among over 1,000 Hajj pilgrims dead in Mecca amid intense heat

Deaths among Egyptians had surged to at least 658, a significant increase from the previous day's 300, largely due to the oppressive heat

With three in $3trn club, top trio account for nearly a fifth of US mcap

Saudi Arabia, Taiwan, France & UK other top markets where top firms hold big sway

Heatwave kills over 550 people during 2024 Hajj pilgrimage in Saudi Arabia

The temperatures at Mecca's Grand Mosque soared to a blistering 51.8 degrees Celsius on June 17. The majority of the fatalities were Egyptian pilgrims, along with at least 60 Jordanians and 5 Iranians