Page 18 - Saudi Arabia

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

Unprecedented rise in India-Saudi strategic relations

India's trade with the Arab world has already surpassed an all-time high of $240 billion a year

Essar plans to make Saudi Arabia regional hub to drive expansion locally

Saudi Arabia has been trying to shift its economy away from oil and is aiming to manufacture more than 300,000 cars annually by 2030

India, Saudi Arabia commerce ministers discuss ways to promote trade ties

Commerce and Industry Minister Piyush Goyal on Wednesday held discussions with his Saudi Arabian counterpart Majid bin Abdullah AlKassabi on ways to further promote trade ties between the two countries. Goyal was in Riyadh for two days to attend the seventh edition of Future Investment Initiative (FII). "Discussed how the robust India-Saudi trade ties can be further scaled to make global supply chains more resilient," Goyal said on social platform X. He also met Saudi Arabia Energy Minister Prince Abdul Aziz Bin Salman Al-Saud; Investment Minister Khalid A Al Falih; Industry and Mineral Resources Minister Bandar bin Ibrahim AlKhorayef; and Governor Public Investment Fund (PIF) Yassir Rummayyan. Goyal talked about the multiple opportunities offered by India. The bilateral trade between the countries stood at USD 52.75 billion in 2022-23 against USD 42.86 billion in 2021-22. India received USD 3.22 billion in foreign direct investment from Saudi Arabia between April 2000 and June 2

India, Saudi Arabia discuss ways to increase bilateral investments

Commerce and Industry Minister Piyush Goyal on Tuesday met Saudi Arabia's Minister of Investment Khalid A Al-Falih, and discussed ways to boost bilateral investments between the two countries in different sectors. Goyal, who is on a two-day visit to Riyadh, also participated in the seventh edition of the Future Investment Initiative (FII) in Riyadh. "Met H.E. @Khalid_AlFalih, Saudi Arabia's Minister of Investment. Discussed expanding investment across diverse sectors to foster economic growth & further enhance the strategic partnership between India & Saudi Arabia," Goyal said in a post on X. In the FII event, Goyal deliberated on new pathways for investment with the goal of creating a positive global impact and navigating new frontiers of growth and prosperity. FII Institute is a global non-profit foundation, which aims to gather government and business leaders from around the world to discuss new pathways for investment. Its four areas of focus are artificial intelligence ...

Hamas attacked Israel in part to stop agreement with Saudi Arabia: Biden

President Joe Biden said Friday he thought Hamas was motivated to attack Israel in part by a desire to stop that country from normalising relations with Saudi Arabia. One of the reasons Hamas moved on Israel they knew that I was about to sit down with the Saudis, Biden said at a fundraising event. The US president indicated that he thinks Hamas militants launched a deadly assault on October 7 because, Guess what? The Saudis wanted to recognise Israel and were near being able to formally do so. Jerusalem and Riyadh had been steadily inching closer to normalization, with Biden working to help bring the two countries together, announcing plans in September at the Group of 20 summit in India to partner on a shipping corridor. Israeli Prime Minister Benjamin Netanyahu met with Biden on the sidelines of the UN General Assembly in September and told him, I think that under your leadership, Mr President, we can forge a historic peace between Israel and Saudi Arabia. The Saudis had been ..

Israel-Hamas conflict clouds loom over crude oil and LNG supplies

Iran getting drawn into Israel war could hamper nearly 80 percent of liquified natural gas flows to India

EAM speaks to Saudi Foreign Minister on 'grave' situation in Middle-East

External Affairs Minister S Jaishankar on Friday spoke to his Saudi counterpart Prince Faisal bin Farhan and they discussed the situation arising out of the Hamas-Israel conflict. The phone conversation came two days after Jaishankar discussed the crisis with Foreign Minister of the United Arab Emirates Sheikh Abdullah bin Zayed Al Nahyan. "Appreciated the conversation with Foreign Minister HH @FaisalbinFarhan of Saudi Arabia," the external affairs minister said on 'X'. "Discussed the grave situation in the Middle East," he said.

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

Crude oil falls after Saudi pledge, investors keep wary eye on Israel

Brent futures fell $2.10, or 2.4%, to $85.55 a barrel by 10:41 a.m. EDT (1441 GMT). U.S. West Texas Intermediate (WTI) crude fell $2.55, or 3.0%, to $83.42

Israel-Hamas conflict: Cloud over India-Middle East corridor project

The project was also believed to be one of the icebreakers in the relationship between the Kingdom of Saudi Arabia and Israel

Disrupting Saudi-Israel ties may have motivated Hamas attack, says Blinken

He added that there was not yet any evidence seen by the United States of Iran being behind the latest attack in Israel but he noted the long standing ties between Iran and Hamas, which governs Gaza

India, Saudi Arabia sign MoU on grid connection and green hydrogen

Singh urged the MENA countries to join the Global Biofuel Alliance to bolster international cooperation in sustainable biofuels and fully harness the potential of the Alliance

India confident of continuing discounts on Iraqi and Saudi crude oil

Share of imports from traditional middle eastern share has crept up even as Russian oil dominates

Saudi Arabia steps up sports drive, bids for FIFA World Cup in 2034

The kingdom "intends to deliver a world-class tournament and will draw inspiration from Saudi Arabia's ongoing social and economic transformation," according to state media

Crude prices beyond $100 per barrel to create large, organised chaos: Puri

Previously, Puri underscored the need for oil producers to demonstrate the same consideration for consumer nations as they had received during the pandemic