Page 24 - Saudi Arabia

Sudan's warring generals send envoys to Saudi for firming up cease-fire

Sudan's two warring generals sent their envoys on Friday to Saudi Arabia for talks aimed at firming up a shaky cease-fire after three weeks of fierce fighting that has killed hundreds and pushed the African country to the brink of collapse, three Sudanese officials said. The negotiations would be the first between Sudan's military, led by Gen. Abdel-Fattah Burhan, and the paramilitary Rapid Support Forces, commanded by Gen. Mohammed Hamdan Dagalo, since clashes broke out on April 15. According to the three two senior military officials and one from their paramilitary rival the talks will begin in the Saudi coastal city of Jeddah on Saturday, following concerted efforts by Riyad and other international powers to pressure the warring sides in Sudan to the negotiating table. The three officials spoke to The Associated Press on condition of anonymity to discuss the upcoming peace talks. No timeframe was given for the length of the talks. The fighting has turned Sudan's capital of ...

Saudi Arabia cuts oil prices in Asia markets as energy market weakens

Aramco sells about 60% of its crude shipments to Asia, most of them under long-term contracts, pricing for which is reviewed each month

US prez Joe Biden dispatching top aide to meet with Saudi crown prince

US President Joe Biden is dispatching one of his top advisers to Saudi Arabia to meet with Crown Prince Mohammed bin Salman, the de facto leader of the oil-rich kingdom, later this week. White House national security adviser Jake Sullivan said Thursday he will travel to Saudi Arabia on Saturday for talks with Saudi officials and will also meet with his counterparts from the United Arab Emirates and India during his visit. Sullivan said he would "discuss new areas of cooperation between New Delhi and the Gulf, as well as the United States and the rest of the region." India and UAE last year signed a comprehensive economic partnership aimed at improving ties between the two countries. Sullivan is expected to meet with the crown prince, who is often referred to by his initials MBS, during the visit, according to a person familiar with Sullivan's travel plans who was not authorised to publicly discuss that element of them. Sullivan spoke by phone with MBS last month amid signs that the

Thomas Cook India's arm, Kanoo Travel to form joint venture in Saudi Arabia

Desert Adventures Tourism, a wholly-owned subsidiary of Thomas Cook India, and GCC-based travel conglomerate Kanoo Travel have signed an agreement to establish a joint venture in Saudi Arabia. The collaboration will bring together two travel trade organisations in the Middle East, aiming to create the most comprehensive destination services company in the region, according to a statement on Wednesday. "The synergies will ensure a portfolio of extensive and exceptional destination services in Saudi Arabia," Thomas Cook (India) Chairman and Managing Director Madhavan Menon said. Desert Adventures is a destination management company headquartered in the UAE, operating in the Gulf Cooperation Council (GCC) countries and Jordan. "Our partnership with Desert Adventures Tourism brings together our collective expertise, industry knowledge, and innovative approach to deliver exceptional solutions and services," Yusuf Bin Ahmed (YBA) Kanoo Company, Saudi Arabia, deputy chairman and YBA Kanoo

India, Saudi Arabia discuss aspects of enhancing bilateral coordination

"During the call, they reviewed the historical and strong relations between the two countries and the two friendly peoples and ways to enhance and develop them in various fields"

Delhi-bound C-130J aircraft with 40 passengers takes off from Jeddah

An Indian Air Force C-130J aircraft with 40 passengers onboard took off from Jeddah on Sunday for New Delhi as 'Operation Kaveri' progresses further to evacuate stranded Indians from battle-torn Sudan

First flight carrying 360 Indians from Sudan reaches Delhi, says EAM

Operation Kaveri is a rescue mission, launched by the Government of India to evacuate its stranded citizens from crisis-hit Sudan

China oils a West Asian deal

The US, currently obsessed with its campaigns against Russia and oil, may respond over time. But Iran and Israel are both capable of surprise manoeuvres

India coordinating with US, UK, Saudi and UAE on safety of Indians in Sudan

India is coordinating closely with various countries to ensure the safety and security of Indian nationals in violence-hit Sudan, government sources said on Wednesday. They said the ground situation in that country is very tense and movement of people is very risky at this stage. Sudan has been witnessing deadly fighting between the country's army and a paramilitary group for the last six days that has reportedly left around 100 people dead. The sources said India's priority is safety of movement and well being of individuals wherever they are located. They said that the Quartet countries of the US, the UK, Saudi Arabia and the United Arab Emirates (UAE) have a key role in Sudan and India is engaging them accordingly. External Affairs Minister S Jaishankar has already spoken to his counterparts in Saudi Arabia and the UAE. The sources said both the foreign ministers assured Jaishankar of their practical support on the ground. India is also working with the UN, which has a substa

Saudi Arabia's prince transfers 4% Aramco stake to public investment firm

Saudi Arabia's crown prince announced on Sunday the transfer of a 4 per cent stake of the oil giant Saudi Aramco to a subsidiary of the kingdom's sovereign wealth fund, further boosting its coffers as the kingdom tries to expand its economy beyond oil. Crown Prince Mohammed bin Salman's decision, announced by the state-run Saudi Press Agency, sends the stake to the Saudi Arabian Investment Co., known as Sanabil Investments. Sanabil is under the sovereign wealth fund known as the Public Investment Fund. The transfer will also solidify PIF's strong financial position and credit rating, the statement about the deal said. It gave no possible investment targets for either Sanabil or the PIF. Saudi Aramco, formally known as the Saudi Arabian Oil Co., acknowledged the shares going to Sanabil. It said the Saudi government remains the oil firm's biggest shareholder, with over 90 per cent of its stock. This is a private transfer between the state and Sanabil, and the company is not a party t

Pak Army chief played role in securing funds from Saudi, UAE: PM Sharif

Pakistan's Prime Minister Shehbaz Sharif on Saturday disclosed that Army Chief General Asim Munir played a role in securing funds from Saudi Arabia and the UAE -- a pre-condition by the IMF to seal a bailout deal with the cash-strapped nation. Addressing a ceremony here, Sharif also expressed hope that now the IMF will not delay in reaching an agreement for USD 1.1 billion sought by Pakistan. "Chief of Army Staff General Asim Munir has contributed to the government's efforts to secure funds from Saudi Arabia and the UAE," Sharif said. Debt-ridden Pakistan and the IMF have failed to reach a staff-level agreement on the much-needed USD 1.1 billion bailout package aimed at preventing the country from going bankrupt. The funds are part of a USD 6.5 billion bailout package the IMF approved in 2019, which analysts say is critical if Pakistan is to avoid defaulting on external debt obligations. Earlier, the Pakistani Army had announced that Gen.

Syria, Saudi Arabia agree to resume consular services, air flights

Syria and Saudi Arabia have agreed in a joint statement to resume consular services and flights, after the bilateral ties have been stranded for years

Sitharaman discusses global debt crisis, G20 agenda with Saudi counterpart

Union Finance Minister Nirmala Sitharaman on Tuesday had a meeting with her counterpart from Saudi Arabia Mohammed Aljadaan during which they discussed the global debt crisis and strengthening of the multilateral development banks, an Indian initiative under its G-20 presidency. "H.E. Minister Nirmala Sitharaman and I discussed the #G20 agenda, and the progress made," Aljadaan said in a tweet after the meeting held on the sidelines of the annual Spring Meetings of the International Monetary Fund and the World Bank here. "Among other things, the two leaders discussed about the World Bank Evolution Roadmap and the Expert Group on Strengthening the Multilateral Development Banks constituted by the G20 India Presidency," the finance ministry said in a tweet. They discussed global inflation issues, including spillover effects of measures taken, on the growth prospects of developing and low-income countries, besides the urgent need to tackle increasing global debt distress and improving t

Will Saudi-Iran accord have a domino effect and stabilize the Middle East?

It looks like the bloody war in Yemen, where the Iranians backed the rebel Houthis and Saudi Arabia the internationally recognized government, will come to an end

Saudi, Omani delegation hold peace talks in Yemen with Houthi leaders

Since its outbreak in 2014, the conflict in Yemen has been fought on a battlefield where Riyadh and Tehran have supported opposing parties

Saudi delegation arrives in Yemen to hold ceasefire talk with Houthi rebels

Oman, which borders both Yemen and Saudi Arabia, has actively engaged in brokering a truce in Yemen in coordination with the UN peace efforts

Saudi Arabia and Iran agree to reopen embassies, ease air travel norms

Iran's semiofficial ISNA news agency says Saudi Arabia and Iran have agreed to reopen diplomatic missions in their respective capitals and in additional cities. The report says the agreement was reached Thursday during a meeting of the foreign ministers of Iran and Saudi Arabia in Beijing. The agreement also calls for studying the possibility of resuming flights between the two nations and facilitating the visa process for the citizens of both countries. Saudi Arabia and Iran are long-time regional rivals, but have moved toward reconciliation as part of a deal brokered by China last month.

Saudi, Iranian FMs meet in China, signaling warming of ties after 7 years

The foreign ministers of long-time Middle Eastern rivals Saudi Arabia and Iran met in Beijing on Thursday, taking another step toward reconciliation after seven years of tension. The meeting came a month after the two countries agreed to re-establish diplomatic relations and reopen embassies by May. The deal was brokered by Beijing. It represents a major diplomatic victory for the Chinese as Gulf Arab states perceive the United States slowly withdrawing from the wider Middle East. It also comes as diplomats have been trying to end a long war in Yemen, a conflict in which both Iran and Saudi Arabia are deeply entrenched. The rapprochement lowers the chance of armed conflict between the Mideast rivals both directly and in proxy conflicts around the region On Thursday morning, Saudi Arabia's state-run Al-Ekhbariya TV showed Prince Faisal bin Farhan Al Saud and his Iranian counterpart, Hossein Amirabdollahian shaking hands and sitting side by side. Iran's state TV said the two ministe

Saudi Arabian govt to invest $38 billion to become video-game hub

The fund in February increased its stake in Nintendo to 8.3 per cent, becoming the largest outside shareholder

Saudi Arabia, other OPEC+ producers announce voluntary oil output cuts

The Saudi energy ministry said in a statement that the kingdom's voluntary cut was a precautionary measure aimed at supporting the stability of the oil market