Page 2 - India-saudi Arabia

G20 Summit: Startup Bridge between India and Saudi Arabia announced

Prince Fahad Bin Mansour Al-Saud of Saudi Arabia stated that Saudi Arabia wanted to keep the momentum of collaboration going while boosting entrepreneurship in both nations

PM Modi meets Saudi Crown Prince, discusses trade and defence ties

Prime Minister Narendra Modi and Saudi Arabia's Crown Prince discussed all aspects of bilateral relations, including political, security, defence, trade, economy, culture, and people-to-people ties

Saudi Arabia one of India's most important strategic partners: PM Modi

The strategic partnership between India and Saudi Arabia is crucial for regional and global stability and welfare, Prime Minister Narendra Modi said on Monday during his talks with Saudi Crown Prince Mohammed Bin Salman Bin Abdulaziz Al-Saud. Describing Saudi Arabia as one of India's most important strategic partners, Modi said both sides are adding new dimension to the ties in tune with changing times. Modi and Bin Salman reviewed the bilateral relations at the first meeting of the India-Saudi Arabia Strategic Partnership Council. In his opening remarks at the meeting, the prime minister said several initiatives have been identified to take "our close partnership to next level. Our relationship will get a new direction and energy in today's meeting". The India-Saudi Arabia Strategic Partnership Council was announced in 2019 with an aim to further increase cooperation in critical areas. Bin Salman is currently on a State visit to India following end of the G20 Summit. Ahead of t

India-Middle East-Europe economic corridor launched at Delhi G20 Summit

Lauding the launch of the India-Middle East-Europe connectivity corridor, Prime Minister Narendra Modi said that a historic agreement was concluded today

Synergy between start-up ecosystems of India, Saudi Arabia: Prince Al-Saud

Prince Fahad Bin Mansour Al-Saud of Saudi Arabia on Sunday said there are lots of synergies between the start up ecosystems of India and his nation, which can open up several opportunities. Talking to PTI on the sidelines of G20-StartUp20 Engagement Group meeting, which culminated here during the day, Al-Saud said all the participating countries should work towards implementing the recommendations made during the meeting. Delegates from more than 15 countries participated in the the meeting that started on Saturday. "Saudi Arabia and India are the fastest growing economies in the G20 and in the world. There are lots of synergies between the start up ecosystems of the two countries and we can find several opportunities, Al-Saud said. Saudi Arabia had just received a delegation of 20 entrepreneurs from India and it was assured of all possible help for tie-ups, he said, adding that this was his first visit to the country to explore such opportunities. Al-Saud said he would be back in

India, Saudi Arabia discuss aspects of enhancing bilateral coordination

"During the call, they reviewed the historical and strong relations between the two countries and the two friendly peoples and ways to enhance and develop them in various fields"

Indians travelling to Saudi Arabia no longer need police clearance for visa

The Saudi embassy in India tweeted they have removed the visa requirement for police clearance certificate for Indians

India, Saudi Arabia discuss Rupee-Riyal trade, UPI payment system

Both countries have re-affirmed continued cooperation in joint projects including the West coast refinery, LNG infrastructure investment and development of strategic petroleum storage facilities

India-Saudi collaboration holds promise of shared growth, prosperity: EAM

Underlining the importance of the strategic relationship between India and Saudi Arabia, External Affairs Minister S Jaishankar said on Sunday that the collaboration holds the promise of shared growth, prosperity, stability, security and development. Jaishankar, who arrived here on Saturday on a three-day visit to Saudi Arabia to discuss ways to further strengthen relations between the two countries, addressed diplomats at the Prince Saud Al Faisal Institute of Diplomatic Studies in Riyadh this morning. "Addressed diplomats at the Prince Saud Al Faisal Institute of Diplomatic Studies in Riyadh this morning. Underlined the importance of India-Saudi Strategic Relationship at a time when the world is at crossroads, he said in a tweet. "Our collaboration holds promise of shared growth, prosperity, stability, security and development, he added in another tweet. It is Jaishankar's first visit to Saudi Arabia as the External Affairs Minister. During the visit, Jaishankar will co-chair wit

Centre signs long-term fertilisers import deal with Saudi Arabia

India and Saudi Arabia on Thursday signed a pact for an annual supply of 2.5 million tonnes of ammonia and DAP, NPK fertilisers for the next three years. Announcing the development in a series of tweets, Chemicals and Fertilisers Minister Mansukh Mandaviya said Indian cooperative KRIBHCO has signed an agreement for investment in a new phosphate project of Saudi Arabia's largest mining firm Ma'aden. "With this, Indian companies have secured a 2.5 million tonnes annual supply of key raw materials like ammonia and finished fertilizers like DAP, NPKs for the next 3 years," the minister tweeted. A joint declaration was made to commit for the long-term supply of up to 1 million tonne of Di-ammonium phosphate (DAP) and NPKs per annum to KRIBHCO, he said. The collaboration includes joint development in agronomy, logistics solutions and product development to support farmers of both India and Saudi Arabia. The tie-up will add even more energy to India-Saudi Arabia friendship and benefit th

Oil rises on expectations for no immediate boost to Saudi production

LONDON (Reuters) -Oil prices rose on Friday after a U.S. official told Reuters an immediate Saudi oil output boost is not expected, while indications that the U.S. central bank could raise interest rates less aggressively than anticipated also supported crude.

India a key market for Saudi Arabian tourism, says Fahd Hamidaddin

Saudi Arabia has embarked on an ambitious programme to boost inbound tourism and considers India a key market, said Saudi Tourism Board CEO Fahd Hamidaddin.

Two Indian workers allegedly held captive by employer in Saudi Arabia

Two Indian workers are being held captive by their employer in Yanbu city of Saudi Arabia despite an assurance by authorities that they will be allowed to return by April-end

Best of BS Opinion: Cloud over climate action, Tata vs Mistry, and more

Here's a selection of Business Standard opinion pieces for the day

Undiplomatic wrangling

India-Saudi relationship must survive oil price dispute

India's energy alliance with Saudi totters after years of co-operation

India is the third largest market for Saudi crude. But after a year of Covid, the latter isn't keen to let prices hover at under $80 a barrel, the break even at which its budget wipes off red stainsi

Despite surge, India face no change in crude prices from Saudi Arabia

The oil diplomacy by India has paid dividend with world's largest oil producer Saudi Arabia deciding against raising crude supplies for March delivery to Asian consumers

PM Narendra Modi speaks to Saudi King Salman, discusses bilateral relations

Prime Minister Narendra Modi had a telephonic conversation with Saudi King Salman Bin Abdulaziz Al Saud during which the two leaders expressed their satisfaction at the state of bilateral relations

Cabinet okays India-Saudi pact to check smuggling, counter drug trafficking

Drug trafficking has also provided funding for insurgency and terrorism in various regions throughout the world

India eyes energy deals with Saudi Arabia during PM Modi's visit next week

Modi will be speaking at the investment summit organized by Saudi Arabia's Public Investment Fund. The event is popularly known as Davos of the Deserts