Saudi Arabia

Saudi oil company makes worker dress like a walking 'hand sanitiser dispenser', draws flak

In the pictures that went viral on social media, the worker can be seen wearing a mask and a box that dispenses hand sanitizer

Mar 11, 2020

Oil plunges 25% after Saudi Arabia slashes prices, says will open taps

Oil prices plunged around 25%, heading towards their biggest daily loss since 1991 after Saudi Arabia slashed prices and set plans for a big increase in crude production in April.

Mar 9, 2020

Muslim pilgrims pray around the holy Kaaba at the Grand Mosque in Mecca during Hajj pilgrimage

Saudi Arabia temporarily bans entry for Umrah pilgrimage amid COVID-19 outbreak

Saudi Arabia suspended foreigners' entry for the Umrah pilgrimage and tourism from countries where the new coronavirus has spread, as a growing number of cases outside China deepened fears of a pandemic.

Feb 27, 2020

Jeff Bezos is now the richest person in the world

Jeff Bezos phone hack: UN experts demand probe into alleged Saudi hacking report

The Jeff Bezos'phone hacking is said to have taken place months before the October 2018 murder of Saudi journalist Jamal Khashoggi, a Washington Post columnist and critic of the crown prince.

Jan 23, 2020

Saudi Crown Prince hacked Amazon boss Jeff Bezos' phone months before Khashoggi killing

The relationship between the Jeff Bezos and the Saudi government had soured since early last year after the Washington Post's coverage of the murder of Jamal Khashoggi.

Jan 22, 2020

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Saudi Aramco raises IPO to record $29.4 billion through greenshoe option

Aramco initially raised a then-record $25.6 billion in its IPO in December by selling 3 billion shares at 32 riyals ($8.53).

Jan 12, 2020

Yemen's Houthis did not attack Saudi Aramco oil facilities, reveals UN investigation

The United States, European powers and Saudi Arabia had blamed Iran for the Sept. 14 attack on the Saudi Aramco oil plants in Abqaiq and Khurais.

Jan 9, 2020

Saudi Arabia will host OIC meeting to discuss Kashmir; may irk India

The development is seen as Saudi Arabia's concession to Pakistan for not attending the Muslim countries conclave in Malaysia.

Dec 29, 2019

Karnataka man arrested in Saudi Arabia for derogatory Facebook posts

Harish Bangera hailing from Bejaadi village of Kundapur Taluk in Udupi district of the state was arrested by the police for his derogatory post.

Dec 23, 2019

US probe of Saudi oil attack shows it came from north: Report

In an interim report of its investigation, Washington assessed that before hitting its targets, one of the drones traversed a location approximately 200 km to the northwest of the attack site.

Dec 20, 2019

Saudi oil giant Aramco announces world's largest IPO

Aramco had previously announced that its shares would not be offered in the United States, Australia, Canada or Japan.

Dec 6, 2019

Why Indian tourists find the Gulf region an attractive destination?

According to the latest statistics released ahead of Arabian Travel Market (ATM) in Dubai, the number of Indian tourists to the GCC states is expected to surge 81 per cent to 9.8 million in 2024 from 5.4 million in 2018.

Nov 19, 2019

Saudi Aramco IPO: Oil giant may beat valuation shock with record stake sale

Saudi national oil company Aramco lowers valuation target to $1.71-trillion from earleir $2 trillion; 1.5% stake sale could still top Alibaba's $25-billion IPO to become the world's biggest.

Nov 18, 2019

Saudi Arabia labels feminism, atheism, homosexuality as extremist ideas

Saudi authorities have also cracked down on dissent, arresting scores of critics including clerics, intellectuals and activists.

Nov 12, 2019

Saudi Aramco proposes mammoth expansion in India; to purchase 20% stake in RIL oil, chemicals

Aramco has entered into a non-binding letter of intent with Reliance Industries Limited on August 12, 2019, to purchase a 20 per cent stake in its oil to chemicals division.

Nov 11, 2019

Modi's visit expected to foster Saudi's proposed investments in India

New Delhi and Riyadh are expected to finalise a joint venture deal to build the $44 billion-Ratnagiri Refinery and Petrochemicals in Maharashtra, which will be the largest greenfield refinery in India.

Oct 25, 2019

Six-fold rise in Saudi visa fees; Muslim nations criticise the move on rising cost of Hajj pilgrimage

Saudi amasses about $12 billion in income every year from Hajj pilgrims, who pay for their transportation and lodging as well while visiting the Kingdom to perform their annual ritual.

Oct 23, 2019

35 foreign pilgrims killed in major bus accident near Saudi holy city of Mecca

According to media reports, the deceased were Arab and Asian pilgrims.

Oct 17, 2019

Fuel price set to spike as tension rises after Iran oil tanker hit in Red Sea

Iran suspects Saudi rocket attacks behind the fire that breaks out on the tanker laden with one million barrels of oil in the Red Sea off Jeddah; reports suggest the attack was in retaliation to Yemeni Houthi's drone strikes on Saudi Aramco oil installations.

Oct 11, 2019

Iranian tanker collides with Chinese vessel

Iranian oil tanker explodes near Saudi port months after Aramco bombing; Iran claims 'terror attack'

The tanker owned by National Iranian Oil Company suffered from damages from a "terrorist attack" and led to oil leakage into the Red Sea, around 120 km from the Jeddah port.