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Saudi Arabia

Norway's soccer federation plans to abstain from giving its approval when Saudi Arabia is confirmed Wednesday as the 2034 World Cup host, saying FIFA has done too little to protect human rights around the tournament. FIFA's own guidelines for human rights and due diligence have also not been adequately integrated into the process, increasing the risk of human rights violations, Norway federation president Lise Klaveness said in a statement Tuesday. FIFA's 211 member federations are holding an online meeting on Wednesday to rubberstamp the decision to give Saudi Arabia the 2034 World Cup and award the 2030 edition to a six-nation project led by Spain, Portugal and Morocco that will see games played on three continents. (Wednesday's) vote is not about who gets the 2030 and 2034 World Cups that has already been decided, Klaveness said, adding that FIFA's approval without an itemized vote does not align with the principles of a sound and predictable governance system. FIFA shaped the

Updated On: 11 Dec 2024 | 1:35 PM IST

The Haj quota of India for 2025 is fixed by Saudi Arabia at 1,75,025 pilgrims and has been distributed between the Haj Committee of India (HCoI) and Haj Group Organisers (HGO), the government informed the Rajya Sabha on Monday. In a written reply to a question in the Upper House of Parliament, Minority Affairs Minister Kiren Rijiju said that for the year 2025, the quota has been distributed within the same range between HCoI and HGOs, in the ratio of 70:30, which has been communicated vide the Haj Policy-2025 issued on August 5, 2024. For Haj 2025, the quota of Haj pilgrims allotted to HGOs is 30 per cent of India's total of 1,75,025, i.e. 52,507, he said. The allotment of Haj quota and Haj Group Organisers related terms and conditions are governed by a bilateral agreement which is signed between India and Saudi Arabia factoring many ground realities into account, Rijiju said. The Haj quota of India for 2025 is fixed by Saudi Arabia at 1,75,025 pilgrims and has been distributed ...

Updated On: 09 Dec 2024 | 10:51 PM IST

With a majority of Indian professional actively seeking opportunities to upskill, the country has emerged as the global leader in technological adaptation, according to a report. More than 70 per cent of Indian professionals are actively seeking opportunities to upskill, said the report released by the Riyadh (Saudi Arabia)-based Global Labor Market Conference (GLMC). The report highlights the dynamic nature of India's job market, where artificial intelligence, machine learning, and automation are becoming integral. "While global trust in governments to support upskilling remains low at 20 per cent, Indian respondents (31 per cent) and those in Saudi Arabia (35 per cent) demonstrated significantly higher confidence in their governments. "In contrast, countries like the USA (15 per cent) and UK (12 per cent) reported markedly lower trust levels. Indian respondents also expressed 49 per cent trust in businesses, further emphasizing the private sector's role in workforce development,"

Updated On: 09 Dec 2024 | 5:32 PM IST

Saudi Arabia has extended the USD 3 billion debt repayment period with Pakistan for another year after the cash-strapped nation could not pay the debt, the country's central bank has said. The term of the deposit was maturing on Thursday. The State Bank of Pakistan stated that Saudi Arabia had placed the USD 3 billion deposit initially for one year in 2021 and subsequently rolled over it in 2022 and 2023, after the issuance of the royal directives that reflect the continuation of the close relationship between the two brotherly countries, the Express Tribune reported. It was the first extension in a series of debt extensions, which Pakistan would need from now till the end of June next year to avoid at least USD 13 billion more repayments to Saudi Arabia, China and the United Arab Emirates. Another USD 2 billion Saudi cash deposit will be maturing by mid-June next year, which Pakistan will again not pay back and get a rollover, said the Finance Ministry sources. "The Saudi Fund for

Updated On: 06 Dec 2024 | 5:20 PM IST

The kingdom's growing mining industry is part of the Vision 2030 plan to diversify the economy and cut reliance on fossil fuels.

Updated On: 26 Nov 2024 | 5:30 PM IST

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

Updated On: 21 Nov 2024 | 10:59 PM IST

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

Updated On: 21 Nov 2024 | 3:45 PM IST

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

Updated On: 18 Nov 2024 | 2:15 PM IST

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

Updated On: 14 Nov 2024 | 11:05 PM IST

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

Updated On: 10 Nov 2024 | 2:28 PM IST

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

Updated On: 07 Nov 2024 | 9:51 AM IST

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

Updated On: 05 Nov 2024 | 11:03 PM IST

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

Updated On: 03 Nov 2024 | 9:59 AM IST

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

Updated On: 02 Nov 2024 | 9:01 AM IST

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

Updated On: 01 Nov 2024 | 11:16 PM IST

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 ..

Updated On: 01 Nov 2024 | 1:01 PM IST

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

Updated On: 30 Oct 2024 | 11:41 PM IST

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

Updated On: 30 Oct 2024 | 10:59 PM IST

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

Updated On: 29 Oct 2024 | 9:19 PM IST

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

Updated On: 28 Oct 2024 | 2:07 PM IST