Saudi Arabia

Oil, global outlook to keep market choppy on resumption after Wednesday break

US-China trade talks in the final lap, US Fed meeting, oil price shock, and Lok Sabha elections in home stretch are likely to keep traders on the edge.

Apr 30, 2019

Sushma Swaraj wins hearts, tweets 'Hum hain na' to stranded Indian man in Saudi Arabia

An Indian man in Saudi wants to come home but is unable to. He tweeted to Sushma Swaraj saying that he wants to end his life.

Apr 18, 2019

reliance industries ril jio telecom 4g ripples buzz spectrum mukesh ambani

Reliance to sell 25% in refining business to Aramco to pare Rs 3 lakh crore debt?

Reliance's mainstay refining and petrochemicals operations could be valued at $55-$60 billion in the gargantuan deal, fetching the Indian conglomerate around $10-$15 billion for the minority stake.

Apr 17, 2019

2 Indians executed in Saudi Arabia for murder, embassy wasn't informed

The ministry of external affairs confirmed that Harjeet Singh of Ludhiana and Satwinder Kumar of Hoshiarpur were beheaded by the Saudi government on February 2019 for murdering a fellow Indian.

Apr 17, 2019

Vigil for Khashoggi at Saudi Consulate in Istanbul

Saudi Crown Prince's adviser among 16 Saudis barred from entering US over Khashoggi's murder

The list includes Saud al-Qahtani, one of the closest advisers to the Saudi Crown Prince Mohamed bin Salman, and Maher Mutreb, an aide to al-Qahtani who was a member of Salman's security entourage on foreign trips.

Apr 9, 2019

Saudi govt detains 8, including 2 US citizens, over their links with women's rights activism

The targeted people did not voice out their opinions on social media. Reports suggest that their loose connections with certain individuals were what got under the radar of the Saudi government.

Apr 5, 2019

Saudi Arabia threatens to ditch dollar oil trades to stop 'NOPEC'

In the unlikely event, Riyadh was to ditch dollar, it would undermine its status as the world's main reserve currency, reduce Washington's clout in global trade and weaken its ability to enforce sanctions on nation states.

Apr 5, 2019

Saudi Arabia bought off Jamal Khashoggi children with multi-million dollar gifts

Jamal Khashoggi, a prominent journalist, columnist and author, was killed inside the Saudi consulate in Istanbul, Turkey, in October 2018. He has two sons and two daughters.

Apr 2, 2019

a worker filling containers with crude oil at an informal oil field in Minhla township, central Myanmar

Oil prices rise amid OPEC's ongoing supply cuts, US sanctions

US West Texas Intermediate (WTI) futures were at $59.54 per barrel at 0100 GMT, up 24 cents, or 0.4 per cent, from their last settlement. Brent crude oil futures had yet to trade.

Mar 29, 2019

BJP-Sena alliance on slippery ground as centre pushes $44-bn Ratnagiri project

India and Saudi Arabia decide to go ahead with petroleum complex on Maharashtra coast stalled by Shiv Sena-backed villagers' protests

Mar 11, 2019

Saudi-sponsored event in New Delhi features India map with wrong depiction of PoK

Government officials clarify that NITI Aayog was not involved in the organisation of the event in any way.

Feb 21, 2019

Saudi Aramco in talks with Reliance to ramp up oil sector investments

The proposal is apart from the $44-billion Ratnagiri project in which Saudi Arabia and UAE are partnering India's state-owned oil marketing companies.

Feb 21, 2019

Saudi Crown Prince talks about $100 bn investment in India after meeting PM Modi

The Saudi Crown Prince's visit comes nearly three years after PM Modi's visit to Riyadh in 2016, during which Saudi Arabia had invested $44 billion in India.

Feb 20, 2019

Saudi Arabia's Energy Minister Khalid al-Falih

Saudi Arabia seeks to attract $427 billion with industrial programme

After decades of spending on development projects, the government has made attracting greater foreign investment a cornerstone of its Vision 2030 plan.

Jan 27, 2019

Saudi Arabia to set up oil refinery worth $10 billion in Pakistan

Saudi Arabia plans to set up a $10 billion oil refinery in Pakistan's deepwater port of Gwadar, the Saudi energy minister said on Saturday, speaking at the Indian Ocean port that is being developed with the help of China.

Jan 13, 2019

Threat for Indian workers as Dubai ruler says job nationalisation will double in 2019

The nationalisation of jobs increased a whopping 200 percent in Dubai in 2018, says Sheikh Mohammed bin Rashid Al Maktoum.

Jan 9, 2019

Saudi private jet industry stalls after corruption crackdown

Some were handed over to the state in settlements reached after the crackdown was launched in late 2017, when dozens of princes, businessmen and government officials were detained.

Jan 9, 2019

Twitter warns 'unusual activity' from hackers in China, Saudi Arabia

The revelation led to Twitter stock dropping nearly 7 per cent on Monday.

Dec 18, 2018

TOPSHOT-US-POLITICS-TRUMP-diplomacy-demonstration-mass-media

Saudi Arabia rejects US Senate's move on Jamal Khashoggi's murder

The Senate on December 13 voted to recommend ending American military assistance to the Saudi-led operation in Yemen, and accused Saudi Crown Prince Mohammed bin Salman of involvement in Khashoggi's murder at the Saudi consulate in Istanbul in October

Dec 17, 2018

Saudi to make biggest investment in Pakistan's history: Pak Minister of Finance Asad Umar

"The ball is in our court. It is going to the cabinet for approval next week, after which the announcement will be made," Umar said.

Dec 13, 2018

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