Page 9 - Saudi Arabia

India may land in top 5 with 12.7% growth in airline seat capacity

On a more positive note, the report points out that with two major airlines, Air India and IndiGo, both having placed large aircraft orders, India's growth in aviation sector is expected to take off

India's Russian oil imports up 3.3% in Oct from Sep, shows trade data

India, the world's third biggest oil importer and consumer, has been gorging on Russian oil

Saudi Arabia executes three Indians among record 101 foreigners in 2024

This year's executions include 21 from Pakistan, 20 from Yemen, and 14 from Syria, while three each from Sudan, India and Afghanistan, and one each from Sri Lanka, Eritrea and the Philippines

Saudi Arabia scales back on NEOM plans to prioritise sports as costs rise

Crown Prince Mohammed bin Salman has poured hundreds of billions of dollars into development projects through the kingdom's PIF sovereign wealth fund

Soldier with Yemen's exiled govt opens fire on Saudi troops killing two men

A soldier for Yemen's exiled government opened fire on Saudi troops as they exercised in eastern Yemen, killing two of them and wounding another in a rare insider attack during the kingdom's nearly decadelong war there, officials said Saturday. The assault in eastern Hadramawt province comes as a yearslong cease-fire between Saudi Arabia and Yemen's Houthi rebels largely has held despite the militants' ongoing attacks against shipping in the Red Sea corridor. While the Houthis did not claim the attack, at least one Houthi official praised it as being the beginning and an indication of a harsh future awaiting the invaders. Meanwhile, US warplanes carried out new strikes targeting Houthi positions that lasted into early Sunday morning, the American military said. The strikes come after the militants likely shot down yet-another American reconnaissance drone over the country. The attack on the Saudi troops took place Friday night in Seiyun, a city some 500 kilometers (310 miles) east o

Saudi Arabia plans $100 billion AI powerhouse to rival UAE tech hub

The state-backed entity will invest in data centers, startups and other infrastructure to develop AI, the people said, asking not to be identified discussing plans that aren't yet public

Oil giant Saudi Aramco reports 15% drop in Q3 profit but maintains dividend

Aramco's shares are down about 17 per cent this year, trailing the performance of Western oil majors Exxon and Shell, but broadly in line with BP, which is down 18 per cent

Archaeologists discover bronze age town in Khaybar oasis, Saudi Arabia

The research points out that regions such as Khaybar were significant urban centers that permanently maintained the stability of their communities, particularly with the introduction of agriculture

UAE attends Global Alliance for two-state solution meeting in Riyadh

Ninety-four countries and international organisations joined the two-day conference in Riyadh from 30-31 October

Saudi revives India investment plans amid shrinking market share

Move aimed at ensuring a major captive market for its crude oil, even as Indian refiners mull reducing the share of expensive Saudi grades sourced under term contracts

India, Saudi Arabia exploring collaboration in fintech, energy efficiency

India and Saudi Arabia are exploring collaboration in emerging fields like fintech, new technologies, energy efficiency, clean hydrogen, textiles and mining to further boost trade and investment ties, an official statement said on Friday. These areas were discussed during the recent visit of Commerce and Industry Minister Piyush Goyal to Riyadh. He co-chaired the second meeting of the economy and investment committee under the India-Saudi Strategic Partnership Council (SPC) along with Minister of Energy, Saudi Arabia, Abdulaziz bin Salman Al-Saud on October 30 in Riyadh. "Both countries are exploring collaboration in emerging fields like fintech, new technologies, energy efficiency, clean hydrogen, textiles, mining," the commerce and industry ministry said. During the Future Investment Initiative (FII) event, the minister urged global investors to seize emerging opportunities in India, particularly in high-growth sectors such as artificial intelligence, renewable energy, digital ..

'Davos in the desert' finds no mention of ongoing conflict in West Asia

Saudi Arabia, its Gulf neighbours seek to reassure investors that it's safe to do business amid turmoil in West Asia

India, Saudi to boost cooperation in petrochemical, mining sectors

India and Saudi Arabia on Wednesday discussed ways to enhance cooperation in areas of fertilizers, petrochemicals, and mining to boost trade and investments. These sectors were discussed during a meeting between Commerce and Industry Minister Piyush Goyal and Saudi Minister for Industry and Mineral Resources Bandar bin Ibrahim Alkhorayef in Riyadh. Goyal is in Riyadh on an official visit. "We further deliberated and explored potential areas for cooperation in the fertilizers, petrochemicals, and mining sectors," Goyal said in a post on a social media platform. Goyal also held bilateral talks with Khalid Al Falih, Minister of Investment, Saudi Arabia. "We engaged in insightful discussions on facilitating investments and explored significant opportunities for collaboration across sectors such as pharmaceuticals, automobiles and petrochemicals," he said. The minister also inaugurated the 'Lulu Wali Diwali' at the Lulu Hypermarket. "From the Apple orchards of Ladakh to the markets o

Saudi Arabia's sovereign wealth fund plans to cut overseas investments

The sovereign wealth fund is the main vehicle for Crown Prince Mohammed bin Salman's plans to steer the Saudi economy away from oil

India, Saudi to discuss ways to boost cooperation in energy, digital infra

Commerce and Industry Minister Piyush Goyal will discuss ways to increase cooperation with Saudi Arabia in areas like renewable energy, digital infrastructure, and manufacturing during his two-day visit, an official statement said on Monday. The visit to Riyadh will begin from Tuesday. The commerce and industry ministry said Goyal will participate in the Future Investment Initiative (FII) in Riyadh, a crucial platform that brings together global leaders, investors, and innovators. His participation will highlight India's rapid economic growth, its focus on sustainable development, AI, and the immense opportunities in sectors like renewable energy, digital infrastructure, and advanced manufacturing, it said. On the sidelines of the FII, the minister will engage with prominent global investors. "These interactions aim to strengthen investor confidence, facilitate investment flows, and promote India as a preferred global investment destination," it said. He will also hold bilateral

Wall Street, tech royalty fly to Saudi Arabia event amid West Asian war

International executives will have to contend with a region rocked by geopolitical tensions, with the threat of further military confrontation between Israel and Iran at the highest levels in decades

Saudi, UAE, and other Middle East nations condemn Israel's strikes on Iran

This comes after Israel Defence Forces (IDF) on Saturday announced that its military had conducted precise strikes on Iranian military targets

Iraq moves to revoke Saudi TV license after militia supporters' outrage

Iraq's commission governing media announced Saturday that it would take steps to revoke the license of a Saudi television station to operate in the country. That came hours after dozens of supporters of Iraqi militias stormed and looted the office of the broadcaster, MBC, in Baghdad in protest over a report that described a number of Iranian-linked militant figures including a prominent Iraqi militia leader as terrorists. The report on terrorists who had been killed this century mentioned former al-Qaida leader Osama bin Laden alongside a roster of Iran-backed figures. They included Hamas leaders Ismail Haniyeh and Yahya Sinwar, Hezbollah leader Hassan Nasrallah, Iranian Gen. Qassem Soleimani and Abu Mahdi al-Muhandis, a veteran Iraqi militant who was the deputy commander of the Popular Mobilization Forces, an umbrella group of mostly Shiite paramilitaries and founder of the Kataeb Hezbollah, or Hezbollah Brigades. Iraq's Media and Communications Commission said in a statement th

Saudi's new initiative aims at stronger bonds with Indian, other expats

Saudi Arabia has launched a new initiative that aims at promoting quality of life and developing stronger bonds between the local society and the Indian and other expatriate communities through cultural promotion. Unveiling the Global Harmony initiative here on Wednesday night, Saudi deputy minister for media Khalid bin Abdulqader Al-Ghamdi, said, This initiative will also showcase the different cultures of the expats and how they are living in harmony. The Global Harmony initiative is a part of Saudi Arabia's Quality of Life programme to attain its 'Vision 2030' objectives. Ambassador of India Suhel Ajaz Khan and top diplomats of many other countries were present on the occasion. After the launch, Al-Ghamdi said Indians living in Saudi Arabia are contributing in a large way to the greater Saudi society. Khan said Indians are the largest expat community in Saudi Arabia with an approximate 2.6 million people. The Indian community is increasing. Last one year itself, the community h

Over 20 mn Indians contributing to our society: Saudi Arabia minister

Al-Ghamdi's statement comes after Saudi Arabia's Ministry of Media launched the 'global harmony' initiative in Riyadh