Page 23 - Saudi Arabia

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

India, Saudi Arabia inked 8 agreements during State visit of Crown Prince

India and Saudi Arabia have signed eight agreements during the State visit of Crown Prince and PM of Saudi Arabia Mohammed bin Salman bin Abdulaziz Al Saud, said Ministry of External Affairs on Monday

Essar, Desert Tech ink pact for RE solutions for Saudi steel project

Essar Group on Monday signed a pact with solar PV firm Desert Technologies for developing renewable energy solutions for the Indian conglomerate's KSA Green Steel Arabia project. "Both parties signed a Memorandum of Understanding (MoU) to develop renewable energy solutions for Essar Group's Green Steel Arabia (GSA) project in the Kingdom of Saudi Arabia (KSA) as well as potential future projects which will put Saudi Arabia on the map, as a pioneering country in Green Steel production and green energy generation," the company said in a statement. Through this partnership, DT and Essar will develop solutions for renewable energy generation and storage for Essar's flat steel complex in the KSA which is the first green steel project in the Gulf region and will also explore opportunities for other potential projects. Essar is investing USD 4.5 billion in building a 4 million tonne per annum integrated steel plant in Ras Al-Khair, Saudi Arabia. Essar's GSA project is poised to be the ...

Oil prices ease from 10-month highs but hold above $90 a barrel

Saudi Arabia and Russia last week announced that they will extend voluntary supply cuts of a combined 1.3 million barrels per day (bpd) until the end of the year

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

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

India-Middle East-Europe economic corridor launched at Delhi G20 Summit

Lauding the launch of the India-Middle East-Europe connectivity corridor, Prime Minister Narendra Modi said that a historic agreement was concluded today

At G20 India, US, Saudi, UAE may join hands to connect West Asia with rail

The deal will also connect the rail network to India through shipping lanes from ports in the Gulf region

US, Saudi Arabia, India discuss possible rail, port connectivity deal

The plans for a sweeping, multi-national ports and rail deal would come at a critical time. To counter China's Belt and Road global infrastructure push, Biden is pitching Washington

Essar signs deal with Vale to get raw material supply for Saudi steel plant

Complete raw material supply of iron ore feed for project secured, says Indian firm

Oil goes past $90 a barrel after Saudi Arabia, Russia prolong cuts

The dual announcements from Riyadh and Moscow pushed benchmark Brent crude above $90 a barrel in trading

Saudi Arabia's PIF set to take control of country's top steel producers

Stage set for creation of a new national steel giant

PSG sells midfielder Georginio Wijnaldum to Saudi side Al-Ettifaq

French champion Paris Saint-Germain sold Netherlands midfielder Georginio Wijnaldum to Saudi Arabia Pro League side Al-Ettifaq on Saturday. No financial details were given by PSG but the deal was reportedly worth 10 millions euros ($10.8 million). The 32-year-old Wijnaldum joined PSG from Liverpool two years ago but lost form and was loaned to Roma in Serie A last season. He becomes the latest player to join the European exodus toward the cash-rich Saudi Pro League and will be coached there by Liverpool midfield great Steven Gerrard. Last month, PSG sold Brazil forward Neymar to Al-Hilal.

Saudi Arabia's Aramco considers selling $50 billion in shares: Report

Saudi Aramco is the world's biggest oil company, with a market value of $2.25 trillion

Crude oil prices rises to highest in over 7 months on supply worries

Russia, the world's second-largest oil exporter, has already agreed with OPEC+ partners to cut oil exports next month, Deputy Prime Minister Alexander Novak said

Saudi money is unbeatable, says Ben Stokes as Kingdom sets eye on cricket

The Indian Premier League is currently the most lucrative, though, attracting players including Stokes. But that could change given the financial firepower of Saudi Arabia