Page 16 - Saudi Arabia

Saudi Arabia to buy 10% stake in Heathrow airport in ownership reshuffle

The fund is buying the stake as Spain's Ferrovial sells down its 25 per cent holding

Saudi Arabia's capital Riyadh to host World Expo 2030, beats S Korea

Saudi Arabia's capital Riyadh was chosen on Tuesday to host the 2030 World Expo, beating out South Korean port city Busan and Rome for an event expected to draw millions of visitors. Riyadh was picked by a majority of 119 out of 165 votes by the member states of the Paris-based Bureau International des Expositions.

India's engineering exports surge in US, Saudi Arabia, and UAE in October

The value of engineering exports to the US in October was $1.39 billion, up 2.2 per cent year-on-year, while shipments to the UAE rose 2.9 per cent to $348.6 million

Oil slips 1% to $81.11 a barrel on growing angst over delayed OPEC+ meeting

Producers - mainly a trio of African countries - were struggling to agree on output levels and hence possible reductions ahead of the meeting originally set for Nov. 26, OPEC+ sources said

Netherlands to Saudi Arabia: India's key export hubs witness high growth

These countries have displayed high growth with India defying global slowdown

Brics meet: Saudi Arabia urges all nations to halt weapon exports to Israel

Saudi Arabia's Crown Price made this request during an extraordinary BRICS Joint Meeting, which was being held virtually to address the Israel-Hamas conflict

A tightrope between Israel and Arab ties

A prolonged Israel-Hamas conflict may, at some point, pose a threat to Indian financial assets

Vedanta's arm Malco Energy sets up new unit in Saudi for copper business

Vedanta's arm Malco Energy Ltd has set up a new unit in Saudi Arabia for copper business at an investment of 1,00,000 Saudi riyals (Rs 22.19 lakh). "Malco Energy Ltd, a wholly-owned subsidiary of the Company, has incorporated a new wholly-owned Subsidiary in the name of 'Vedanta Copper International VCI Company Limited," metal and mining giant Vedanta said in a filing to BSE. Vedanta Copper International VCI Company Limited has been incorporated to explore growth opportunities in new geographies, it said. Vedanta had earlier announced plans to demerge five of its key businesses, including aluminium, oil and gas, and steel, into separate listed entities with a view to creating shareholder value. "The de-merger is planned to be a simple vertical split, for every 1 share of Vedanta Limited, the shareholders will additionally receive 1 share of each of the five newly listed companies," the firm had said in a stock exchange filing. The Board of Vedanta Ltd had approved "a pure-play, .

Why India's cricket league should turn down Saudi's $5 bn proposal

With its active support for expanding fossil fuel use, the Saudi government is wrong partner for the IPL and global cricket to achieve these goals

Best of BS Opinion: Saudi Arabia's cyber diplomacy, inflation & more

Here is the best of Business Standard's opinion pieces for today

Saudi Arabia's cyber diplomacy

In a deeply polarised arena, the kingdom is carving out its niche in global cybersecurity cooperation

Riyadh Air set for 100 Boeing Max jets order in Dubai to expand fleet

The carrier, launched by Saudi Arabia's Public Investment Fund, is considering placing a firm orders for 50 jets along with a similar number of options as early as Dubai Air Show that begins Monday

TMS Ep560: Saudi eyes IPL, Virat Kohli, Samvat 2079, FTX-Sam Bankman-Fried

Why are the Saudis interested in IPL? Is Virat Kohli the ODI GOAT? How did markets perform in Samvat 2079? What is the FTX-Sam Bankman-Fried case all about? All answers here

Lupin, Amman Pharma collaborates for exclusive marketing of Ranibizumab

Lupin Limited has partnered with pharmaceutical manufacturer Amman Pharmaceuticals Industries for exclusive marketing and commercialisation of Ranibizumab in the West Asian region

Oil set for third weekly decline as Middle East conflict concerns ebb

The three weeks of declines are the longest weekly losing streak for both contracts since a four-week drop from mid-April to early May.

Top Hamas leader trapped in bunker as forces enter 'heart of Gaza': Isreal

Saudi Arabia will host summits of Arab and Islamic nations in coming days to discuss the Israeli-Palestinian conflict, Saudi Arabia's investment minister said on Wednesday

Oil prices up 1.5% as Saudi Arabia and Russia stick to supply cuts

Oil was rebounding after both benchmarks lost about 6 per cent in the week to November 3

Gulf crudes make a comeback as Russian Urals grade turns expensive

The share of Russian oil imports in India's overall crude import basket slumped by 8 percentage points on the month in October

Fifa World Cup: Australia won't bid for 2034, Saudi Arabia likely to host

Football Australia on Tuesday said it won't bid for the 2034 FIFA World Cup, clearing the way for Saudi Arabia to host the men's marquee tournament. The chances of Australia hosting the 2034 event appeared unlikely after the Asian Football Confederation (AFC) backed the Saudi bid on October 5. Indonesia's football association initially showed interest in a joint bid with Australia, potentially alongside Malaysia and Singapore, but that faded when Indonesia instead backed Saudi Arabia. We have explored the opportunity to bid to host the FIFA World Cup and having taken all factors into consideration we have reached the conclusion not to do so for the 2034 competition, Football Australia said in a statement. Australia will instead attempt to secure hosting rights for the 2029 Club World Cup and the 2026 Women's Asian Cup. We believe we are in a strong position to host the oldest women's international competition in the world, the AFC Women's Asian Cup 2026, and then welcome the ...

Saudi Arabia's economy suffers biggest contraction since 2020 on oil cuts

Gross domestic product shrunk 4.5% in the third quarter compared to a year earlier, driven by a 17% drop in the oil economy