Saudi Arabia
PM Modi’s Saudi Arabia visit will boost India’s energy security
Saudi crown prince Mohammed Bin Salman has promised an investment of $100 billion during his India visit in February this year.
Mukesh Ambani’s Reliance to get a foothold in global petrochemicals market with Aramco deal
Reliance-Saudi Aramco deal: The deal will allow Reliance Industries to get a strong foothold in the petrochemicals market that is expected to touch $1 trillion by 2025.
Haj budget subsidy should go up to Rs 1,000 crore, Telangana Deputy CM Mohammed Mahmood Ali tells Centre
He said that it is necessary that the facility of extending subsidy for this noble cause should continue.
Powerful Saudi Arabia prince to meet Barack Obama, Ban on US visit
Saudi Arabia's powerful deputy crown prince flew to the United States on Monday for meetings with US President Barack Obama and U.N. Secretary-General Ban Ki-moon, Saudi media reported.
CIA chief expects release of 9/11 documents to clear Saudi Arabia
Saudi Arabia denies providing any support for the 19 hijackers most of whom were Saudi citizens who killed nearly 3,000 people in the Sept. 11 attacks.
Mega refinery: India says ready to offer stake to Saudi Arabia
India today said it has offered Saudi Arabia a stake in the mega oil refinery and petrochemicals project proposed in coastal Maharashtra at an estimated cost of Rs 1.5 trillion.
Saudi reform plan approved by top economic council
The timing is also significant because Monday is the first day of the Muslim fasting month of Ramadan, when business and government activity in the conservative Islamic kingdom have historically...
UN blacklists Saudi-led coalition over child deaths in Yemen
UN Secretary-General Ban Ki-moon has placed the Saudi-led military coalition supporting Yemen's government on an annual blacklist over the deaths of hundreds of children in airstrikes.
Iran tells Saudi: ‘We’ll leave Iraq when Iraq asks’
Iran's foreign minister said today that Tehran had no intention of leaving Iraq and criticised "arrogant" Saudi Arabia for accusing it of stoking sectarian violence.
Uber raises $3.5 billion from Saudi Arabia’s sovereign wealth fund
Uber has raised $3.5 bn from Saudi Arabia's sovereign wealth fund, the US ride-hailing service said on Wednesday, gaining a crucial partner in its expansion into the Middle
Saudi Arabia sentences 14 to death for terrorism, says lawyer
Saudi Arabia sentenced 14 people to death for terrorism on Wednesday after they were convicted of attacks on police in the Shi'ite Muslim minority area of Qatif in Eastern Province, scene of past anti-government protests, the
India must steer clear of the Iran-Saudi Arabia showdown
It is increasingly worried, too, that US support can no longer be taken for granted, as the superpower seeks to balance-out its regional policy by engaging Iran and ...
Saudi says intercepts and destroys ballistic missile from Yemen
SPA gave no details on the target or the type of missile used. However, the agency said the Saudi-led coalition warned it would not sit idle against any further violations of the truce, which began on April 10.
Saudi Aramco says discovers new fields, to continue energy investments
The company pumped an average of 10.2 million barrels per day in 2015, a new all-time record. Its exports averaged 7.1 million bpd, up from around 6.8 million bpd in 2014.
Saudi offers more oil to Asian clients ahead of OPEC meet
Saudi's offers of more oil come after it recently completed maintenance programmes that had reduced supplies from some fields during the second quarter, traders said.
Saudi says talks with Iran on hajj ‘positive’
But Saudi hajj ministry undersecretary Hussein Sharif said the kingdom and its leadership "welcome pilgrims from all around the world". The two sides discussed "arrangements, as well as organisation and services" for pilgri
Saudi Arabia’s rulers adapt message for social media age
The participation of tens of thousands of young Saudis in a social media debate over plans to reform the kingdom's oil-reliant economy last month marked a shift in how Riyadh's conservative rulers interact with their subjects
GE announces deals worth over $1.4 billion with Saudi Arabia
General Electric Co. made a series of deals with Saudi Arabia worth over $1.4 billion as part of the kingdom's ambitious plan to wean itself off crude oil.
Saudi Arabia aims to salvage white elephant financial district
The plan to build a financial district from scratch was viewed by Saudi Arabia's neighbours as among the glossiest excesses of the kingdom's oil boom profligacy...
US reveals how much Treasury debt Saudi Arabia owns
Foreign holdings of U.S. Treasury securities rose in March, with the Treasury Department revealing for the first time in four decades how much Saudi Arabia owns.
Iran says pilgrims to miss hajj after no deal with Saudi Arabia
Iran has failed to reach agreement with Saudi Arabia on arrangements for its pilgrims to join the annual hajj in September following the severing of ties, its culture minister said today.
Saudi Aramco prepares for global expansion as IPO looms
Saudi Arabia's state-owned oil giant Aramco is seeking to expand globally via joint ventures overseas as it prepares for a partial privatisation pushed by a government intent on diversifying the economy.
Wipro, partners set up Saudi Arabia’s first all-women business park
The JV is responsible for developing the facilities and infrastructure at the park set in Riyadh, as well as training and employing up to 21,000 Saudi women
Saudis to push oil output higher but won’t flood market
Saudi Arabia's oil output will edge up close to record highs in coming weeks to meet summer demand for power but is unlikely to be pushed to the limit and flood global markets, Saudi-based industry sources said.
Saudi Arabia opens new phase in Asia oil market turf war with China spot sale
Major oil producers have shunned teapots after several deals fell through within months of them entering the market.
Saudi Aramco valued at $2-3 trillion? Selling 1% could make it the largest IPO in world
The kingdom has valued Saudi Aramco at more than $2 trillion. Apple, the most valuable publicly traded company, has a market capitalization of about $585 billion.
