Page 31 - Saudi Arabia

As gas prices soar, President Biden leans toward visiting Saudi Arabia

President Joe Biden is leaning towards making a visit to Saudi Arabia a trip that would likely bring him face-to-face with the Saudi crown prince he once shunned as a killer.

Saudi Arabia is planning the largest buildings ever constructed at $500 bn

Neom, the brainchild of Saudi Crown Prince and de facto ruler Mohammed bin Salman, aims to build twin skyscrapers about 500 meters (1,640 feet) tall

Saudi Arabia bans travel to 15 nations, including India amid Covid surge

Saudi Arabia has banned citizens from travelling to 16 countries, including India, over the Covid-19 situation in those nations, the media reported

Saudi wealth fund takes $1.5 billion stake in Prince Alwaleed's firm

The Public Investment Fund acquired a 16.9 per cent stake in Kingdom Holding for 9.09 riyals a share, according to a statement on Sunday

Biden weighs meeting Saudi Crown Prince next month in sign of thawing

A spokeswoman for the White House National Security Council said they have no travel to announce at this time.

Saudi wealth fund takes 5% Nintendo stake, adds to video games push

The investment in the Kyoto-based group company was made for investment purposes, a filing said.

Saudi Aramco profit soars 82% on high oil prices in first quarter

State-controlled Aramco made net income of $39.5 billion, up 82 per cent from a year earlier, when global energy demand was still severely suppressed by the coronavirus pandemic

Jaishankar speaks to Saudi foreign minister Prince Faisal bin Farhan

Jaishankar said the Ukraine conflict and its political, energy and economic fallout figured in the conversation

Saudi Arabia announces initiative to support civil aviation sector

Saudi Arabia's authority of civil aviation has announced its initiative to prepare a framework that would make international travelling easier

Octogenarian Saudi king admitted to hospital for colonoscopy, asked to rest

King Salman's health is closely watched because he holds absolute power in the kingdom.

Saudis cut oil prices from record highs amid Covid-19 lockdowns in China

Saudi Aramco is lowering prices for the first time in four months

Pakistan urges Saudi not to withdraw deposits, wants oil facility extended

Pakistan has requested Saudi Arabia not to withdraw its deposits given to its central bank and extend its oil facility for the cash-strapped country.

Indian-origin bizman helps banks open remote branches for $150

The start-up has acquired more than 30 client banks and financial institutions across Africa and Southeast Asia

Erdogan pushes limit with US, NATO; tries mending ties with S Arabia, UAE

In the war between Russia and Ukraine, as Turkey maintains good relations with both countries, Erdogan is trying a delicate balancing act

Cash-strapped Pakistan gets $8 bn in financial support from Saudi Arabia

Saudi Arabia has agreed to provide Pakistan with a "sizeable package" of around $8 billion to help the cash-starved country bolster dwindling forex reserves and revive its ailing economy

Turkey and Saudi Arabia to revive great economic potential, Erdogan says

Erdogan said the sides were determined to accelerate efforts for the common interests and stability of the region

Five Pakistanis arrested for insulting Shehbaz Sharif's delegation in Saudi

On Thursday, some protesters, allegedly belonging to the Pakistan Tehreek-e-Insaf (PTI), violated the sanctity of the Masjid-e-Nabawi by loudly chanting slogans against PM Sharif's delegation

Turkey prez Recep Tayyip Erdogan visits Saudi Arabia to mend strained ties

Erdogan said his talks in Jiddah will focus on ways to increase cooperation but also discuss regional and international developments

Pakistan PM Shehbaz Sharif leaves for Saudi on three-day official visit

Pakistan Prime Minister Shehbaz Sharif on Thursday left for Saudi Arabia on his maiden three-day official visit abroad during which he will hold wide-ranging discussions with the top Saudi leadership, with particular focus on advancing economic, trade and investment ties. The 70-year-old leader was sworn in as Pakistan's 23rd prime minister on April 11 after his predecessor Imran Khan was ousted in a no-confidence vote. Sharif, who has been invited for the trip by Crown Prince Mohammed bin Salman, is accompanied by a high-level delegation including key members of the Cabinet. "Today I am embarking on a visit to Saudi Arabia to renew & reaffirm our bonds of brotherhood & friendship. I will have wide-ranging discussions with Saudi leadership. KSA is one of our greatest friends & as Custodian of the Two Holy Places, has a special place in all our hearts, Sharif tweeted. Separately, his office issued a video message of the prime minister. The video, played on all TV channels, .

India a key market for Saudi Arabian tourism, says Fahd Hamidaddin

Saudi Arabia has embarked on an ambitious programme to boost inbound tourism and considers India a key market, said Saudi Tourism Board CEO Fahd Hamidaddin.