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Page 2 - Saudi Arabia

Saudi Arabia plans $100 billion AI powerhouse to rival UAE tech hub

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

Saudi Arabia plans $100 billion AI powerhouse to rival UAE tech hub
Updated On : 07 Nov 2024 | 9:51 AM IST

Oil giant Saudi Aramco reports 15% drop in Q3 profit but maintains dividend

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

Oil giant Saudi Aramco reports 15% drop in Q3 profit but maintains dividend
Updated On : 05 Nov 2024 | 11:03 PM IST

Archaeologists discover bronze age town in Khaybar oasis, Saudi Arabia

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

Archaeologists discover bronze age town in Khaybar oasis, Saudi Arabia
Updated On : 03 Nov 2024 | 9:59 AM IST

UAE attends Global Alliance for two-state solution meeting in Riyadh

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

UAE attends Global Alliance for two-state solution meeting in Riyadh
Updated On : 02 Nov 2024 | 9:01 AM IST

Saudi revives India investment plans amid shrinking market share

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

Saudi revives India investment plans amid shrinking market share
Updated On : 01 Nov 2024 | 11:16 PM IST

India, Saudi Arabia exploring collaboration in fintech, energy efficiency

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 ..

India, Saudi Arabia exploring collaboration in fintech, energy efficiency
Updated On : 01 Nov 2024 | 1:01 PM IST

'Davos in the desert' finds no mention of ongoing conflict in West Asia

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

'Davos in the desert' finds no mention of ongoing conflict in West Asia
Updated On : 30 Oct 2024 | 11:41 PM IST

India, Saudi to boost cooperation in petrochemical, mining sectors

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

India, Saudi to boost cooperation in petrochemical, mining sectors
Updated On : 30 Oct 2024 | 10:59 PM IST

Saudi Arabia's sovereign wealth fund plans to cut overseas investments

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

Saudi Arabia's sovereign wealth fund plans to cut overseas investments
Updated On : 29 Oct 2024 | 9:19 PM IST

India, Saudi to discuss ways to boost cooperation in energy, digital infra

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

India, Saudi to discuss ways to boost cooperation in energy, digital infra
Updated On : 28 Oct 2024 | 2:07 PM IST

Wall Street, tech royalty fly to Saudi Arabia event amid West Asian war

International executives will have to contend with a region rocked by geopolitical tensions, with the threat of further military confrontation between Israel and Iran at the highest levels in decades

Wall Street, tech royalty fly to Saudi Arabia event amid West Asian war
Updated On : 27 Oct 2024 | 10:59 PM IST

Saudi, UAE, and other Middle East nations condemn Israel's strikes on Iran

This comes after Israel Defence Forces (IDF) on Saturday announced that its military had conducted precise strikes on Iranian military targets

Saudi, UAE, and other Middle East nations condemn Israel's strikes on Iran
Updated On : 27 Oct 2024 | 8:42 AM IST

Iraq moves to revoke Saudi TV license after militia supporters' outrage

Iraq's commission governing media announced Saturday that it would take steps to revoke the license of a Saudi television station to operate in the country. That came hours after dozens of supporters of Iraqi militias stormed and looted the office of the broadcaster, MBC, in Baghdad in protest over a report that described a number of Iranian-linked militant figures including a prominent Iraqi militia leader as terrorists. The report on terrorists who had been killed this century mentioned former al-Qaida leader Osama bin Laden alongside a roster of Iran-backed figures. They included Hamas leaders Ismail Haniyeh and Yahya Sinwar, Hezbollah leader Hassan Nasrallah, Iranian Gen. Qassem Soleimani and Abu Mahdi al-Muhandis, a veteran Iraqi militant who was the deputy commander of the Popular Mobilization Forces, an umbrella group of mostly Shiite paramilitaries and founder of the Kataeb Hezbollah, or Hezbollah Brigades. Iraq's Media and Communications Commission said in a statement th

Iraq moves to revoke Saudi TV license after militia supporters' outrage
Updated On : 20 Oct 2024 | 7:36 AM IST

Saudi's new initiative aims at stronger bonds with Indian, other expats

Saudi Arabia has launched a new initiative that aims at promoting quality of life and developing stronger bonds between the local society and the Indian and other expatriate communities through cultural promotion. Unveiling the Global Harmony initiative here on Wednesday night, Saudi deputy minister for media Khalid bin Abdulqader Al-Ghamdi, said, This initiative will also showcase the different cultures of the expats and how they are living in harmony. The Global Harmony initiative is a part of Saudi Arabia's Quality of Life programme to attain its 'Vision 2030' objectives. Ambassador of India Suhel Ajaz Khan and top diplomats of many other countries were present on the occasion. After the launch, Al-Ghamdi said Indians living in Saudi Arabia are contributing in a large way to the greater Saudi society. Khan said Indians are the largest expat community in Saudi Arabia with an approximate 2.6 million people. The Indian community is increasing. Last one year itself, the community h

Saudi's new initiative aims at stronger bonds with Indian, other expats
Updated On : 17 Oct 2024 | 1:58 PM IST

Over 20 mn Indians contributing to our society: Saudi Arabia minister

Al-Ghamdi's statement comes after Saudi Arabia's Ministry of Media launched the 'global harmony' initiative in Riyadh

Over 20 mn Indians contributing to our society: Saudi Arabia minister
Updated On : 17 Oct 2024 | 12:02 PM IST

Saudi Arabia's ambitious tech leap aims to lead in cyberspace governance

What is worth noting is that Saudi Arabia has gone all out to develop and leverage advanced science and technology to underpin its rapid economic and social transformation

Saudi Arabia's ambitious tech leap aims to lead in cyberspace governance
Updated On : 15 Oct 2024 | 10:25 PM IST

Saudi Arabia executes Filipino convict despite presidential appeal

Saudi Arabia has put to death a Filipino citizen convicted of murder despite years of efforts by the Philippines to prevent the execution, including a presidential appeal, officials said Monday. Philippine President Ferdinand Marcos Jr and other officials did not provide details, including the identity of the Filipino and the nature of the case, citing a family request for privacy. A Philippine official with knowledge of the case, however, said the Filipino was arrested by Saudi Arabian authorities in 2020 after being accused of the killing. The death penalty was handed down with finality last year and the execution was carried out on Saturday, the official said. The official spoke on condition of anonymity because of a lack of authority to discuss the details of the execution publicly. Asked by reporters for comment, Marcos said the execution was very unfortunate and that his administration would provide help to the executed person's family. We appealed to the better nature, I gu

Saudi Arabia executes Filipino convict despite presidential appeal
Updated On : 08 Oct 2024 | 2:47 PM IST

As Saudi oil supplies rebound, India gets bargaining power in imports

New Delhi will have a variety of supply choices in the next few months at competitive rates from Russia, Iraq, Saudi Arabia

As Saudi oil supplies rebound, India gets bargaining power in imports
Updated On : 01 Oct 2024 | 11:57 PM IST

Saudi Aramco raises $3 billion from bonds in second debt sale since July

The world's top oil exporter raised $6 billion from a three-tranche bond sale in July

Saudi Aramco raises $3 billion from bonds in second debt sale since July
Updated On : 26 Sep 2024 | 12:20 PM IST

Prevent beggars from entering our country under Umrah visas: Saudi to Pak

Saudi Arabia has raised concerns about the growing number of Pakistani beggars arriving in the Kingdom under the guise of religious pilgrimage and asked Islamabad to take action to prevent them from entering the Gulf country, a media report said on Tuesday. Citing sources from Pakistan's Ministry of Religious Affairs, the Express Tribune newspaper reported that the Saudi authorities have also warned that if the situation is not controlled, it could negatively affect Pakistani Umrah and Hajj pilgrims. "The Saudi Ministry of Hajj has issued a warning to Pakistan's Ministry of Religious Affairs, urging action to prevent Pakistani beggars from entering the kingdom under Umrah visas," the paper said. In response, Pakistan's Ministry of Religious Affairs has decided to introduce an "Umrah Act," which aims to regulate travel agencies facilitating Umrah trips, bringing them under legal oversight, it said. Additionally, the ministry has asked the Pakistani government to find ways to prevent

Prevent beggars from entering our country under Umrah visas: Saudi to Pak
Updated On : 24 Sep 2024 | 6:44 PM IST