Page 19 - Saudi Arabia

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

Crude oil falls $1 on demand fears, Saudi confirms cuts to year-end

Brent crude oil futures were down $1.58, or 1.74%, to $89.34 a barrel at 1045 GMT, while U.S. West Texas Intermediate crude (WTI) fell $1.60, or 1.79%, to $87.63 per barrel

Pak seeks $11 bn aid from China, Saudi to keep IMF programme on track

Cash-strapped Pakistan is seeking around USD 11 billion from China and Saudi Arabia as part of efforts to fill external and domestic resource gaps so that the IMF bailout programme remains on track to ensure economic stability until an elected government is formed in the country, according to a media report on Friday. It comes amid the caretaker government's push for expanding the tax net effectively to retail, agricultural and real estate sectors while continuing a crackdown on illegal currency movements. The Dawn newspaper reported that this information was part of a detailed policy statement issued by caretaker Finance Minister Shamshad Akhtar before the Senate Standing Committee on Finance and Revenue, presided over by Senator Saleem Mandviwalla in Islamabad on Thursday. She said the government was currently working on an economic revival plan that would be presented to the caretaker prime minister Anwar ul Haq Kakar soon and shared with the Senate Standing Committee on ...

Asian Games Highlights, Day 5: Gold in Shooting, IND 5th in medals tally

Asian Games 2023 Highlights, Day 5: India won gold, silver and bronze in Shooting, Wushu and Equestrian respectively to finish with a total of 25 medals and lie in the 5th place in the medals tally

Russia accuses US of promoting ties between Israel, Arabs before peace deal

Russia accused the United States on Wednesday of promoting Israel's normalisation of relations with Arab nations and circumventing the Arab Peace Initiative launched by Saudi Arabia in 2002, which calls for a settlement to the Israeli-Palestinian conflict before any diplomatic recognition of Israel. The statement by Russia's U.N. Ambassador Vassily Nebenzia at the U.N. Security Council's monthly meeting on the Mideast also implicitly criticised Saudi Arabia without naming it for moving toward establishing diplomatic relations with Israel while taking aggressive illegal actions including an unprecedented expansion of settlements on territory that is supposed to be part of an independent Palestinian state. Nebenzia said U.S. efforts to normalize Arab-Israeli relations at a time that the de facto international legal framework for an Israeli-Palestinian peace settlement is being dismantled not only circumvents the logic of the Arab Peace Initiative, but it stymies any prospects for ...

Asian Games football: India holds training session ahead of Saudi clash

Stimac earlier appreciated the Blue Tigers for qualifying to the round of 16 of the tournament even after completing their recovery sessions at a park in China

Saudi Arabia's economy joins trillion-dollar club on its 93rd National Day

The report expected that the Saudi economy and the private sector to continue their strong performance

Blinken congratulates Saudi, Emirati partners on new economic corridor

US State Secretary Antony Blinken on Tuesday congratulated Saudi, Emirati partners on the finalization of the India-Middle East-Europe Economic Corridor

Saudi praises 'positive results' after Yemen rebels visit for peace talks

Saudi Arabia on Wednesday praised the positive results of talks with Yemen's Houthi rebels after they visited the kingdom for peace talks, though Riyadh released few details on their negotiations to end the war tearing at the Arab world's poorest nation. The five days of talks, which represented the highest-level, public negotiations with the Houthis in the kingdom, come as Saudi Arabia tries a renewed bid to end the yearslong coalition war it launched on Yemen. That conflict had become enmeshed in a wider regional proxy war the kingdom faced against its longtime regional rival Iran, with which it reached a dtente earlier this year. The Saudi Foreign Ministry in a statement early Wednesday marking the end of the Houthis' trip welcomed the positive results of the serious discussions regarding reaching a road map to support the peace path in Yemen. The kingdom continues to stand with Yemen and its brotherly people and ... encourages the Yemeni parties to sit at the negotiating table t

Sovereign wealth funds bullish on RRVL as valuation doubles in three years

RIL retail arm in talks with global investors to raise $2.5-3 billion

Trade deficit with Saudi Arabia at record high in FY23: CMIE data

India's imports from Saudi Arabia was worth $31.3 billion more than its exports to the country

Avaada Energy, Al Jomaih Energy Water partner for green energy projects

Green energy developer Avaada Group on Monday announced that it has entered into an agreement with Al Jomaih Energy and Water (AEW) to develop renewable power projects in Saudi Arabia. The projects will be developed in Saudi Arabia and selected Middle Eastern regions, Avaada Group said in a statement. "Avaada Energy (group firm) announces a strategic partnership with AEW to pioneer renewable power generation in the Kingdom of Saudi Arabia and selected Middle Eastern regions," the company said. Vineet Mittal, Chairman of Avaada Group, said the alliance is set to explore the potential of solar, wind, hybrid, and battery Energy Storage solutions. Under the Memorandum of Understanding (MoU), AVAADA will act as a technology partner and provider of solutions for renewable energy (RE) installations, while AEW will provide essential resources, the statement said. The MoU was announced amid Saudi Crown Prince Mohammed Bin Salman Bin Abdulaziz Al-Saud's official state visit to India. Prime

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

Startup20 to build momentum for entrepreneurship: Saudi Arabia Prince

India and the United Arab Emirates (UAE) have taken a step towards enhancing their bilateral ties by signing a memorandum of understanding (MoU) known as the "Startup20 Bridge"

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Saudi Arabia plans sovereign wealth fund office in Gujarat's GIFT City

India and Saudi Arabia signs 53 MoUs worth $3.5 bn

India, Saudi Arabia can look at doubling bilateral trade to $100 bn: Goyal

India and Saudi Arabia can look at doubling bilateral trade to USD 100 billion in the coming years from about USD 52 billion at present, Commerce and Industry Minister Piyush Goyal said on Monday. He said the two countries can also look at a more balanced trade. The minister suggested Saudi Arabia to open an office of their sovereign wealth fund in GIFT city in Gujarat and industry chamber Ficci set up an office in Riyadh in partnership with Invest India, and the commerce ministry to facilitate investments. "Maybe this could be a way to kick-start a better flow of trade and investments and also to see how we can double our trade, which is currently about USD 52 billion. "Can we be more ambitious and take it to USD 100 billion, can we look at a more balanced trade, can we look at India becoming the provider of food security to Saudi Arabia, while Saudi Arabia helps us provide more energy security like oil and fertiliser. So, it will really be a win-win and complimentary relation," .

G20 Summit: Startup Bridge between India and Saudi Arabia announced

Prince Fahad Bin Mansour Al-Saud of Saudi Arabia stated that Saudi Arabia wanted to keep the momentum of collaboration going while boosting entrepreneurship in both nations

Essar, Desert Tech sign pact for green steel solutions in Saudi Arabia

Essar has been tying up the back end for its proposed Saudi steel plant, which is expected to start production in 2027