Tag Archives: Saudi Arabia

Saudi Arabia: Riyadh pitches itself as ideal city for businesses; aims to become hub for finance and touri

Upon arrival at Dubai’s international airport, travelers can pick up a free guide to the city’s top attractions and events. Curiously, the cover of this month’s “Time Out -DXB” beckons visitors to Saudi Arabia. Emblazoned with an image of the … Continue reading

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India’s tobacco exports rise 7% to Rs 1,447.80 cr in Apr-Jun

India has exported tobacco worth Rs 1,447.80 crore in the first quarter of the current fiscal, an increase of 7 per cent since last year, mainly to Europe and South East Asia, according to the Tobacco Board. In volume terms, … Continue reading

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Going ‘where money is,’ Gulf Islamic Investments readies its biggest deal with Saudi Arabia and India inve

Gulf Islamic Investments LLC, a financial services firm that oversees nearly $2 billion, is preparing for what could be its biggest deal yet as it looks to grow investments in Saudi Arabia and India and considers a listing in the … Continue reading

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Saudi Arabia to reopen to vaccinated tourists after 17-month Covid closure

Saudi Arabia announced Friday it would reopen its borders to fully vaccinated foreign tourists after a 17-month closure due to the coronavirus pandemic, the state news agency said. However, Riyadh did not announce any lifting of restrictions on the umrah, … Continue reading

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Two decades after 9/11, Saudi Arabia seeks softer image

Two decades after Saudi Arabian militants masterminded and carried out the September 11 attacks, the desert kingdom is striving for change in a reform drive aimed at updating its ultra-conservative image. Women can drive and cinemas have reopened in the … Continue reading

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Jaishankar welcomes Saudi counterpart on his first-ever India visit

External Affairs Minister S Jaishankar and his Saudi counterpart Faisal Bin Farhan Al Saud on Sunday deliberated on the developments in Afghanistan and explored ways to further expand bilateral ties in areas of defence and security, trade, investment and energy. … Continue reading

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Saudi Arabia considers developing industrial zone in Oman

Saudi Arabia is considering developing an industrial zone in Oman and the two Gulf states have discussed the possibility in investment talks, the Saudi state news agency SPA reported. Saudi and Omani officials met earlier in the month to discuss … Continue reading

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Premature to talk about oil market overheating, says Saudi Arabian Energy minister

It would be premature to talk about potential overheating in the global oil market before seeing higher demand, Russia’s RIA news agency quoted Saudi Arabian energy minister Abdulaziz bin Salman as saying on Thursday. “There will always be a good … Continue reading

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Saudi non-oil sector expansion continues but at slower pace – PMI

Saudi Arabia‘s non-oil private sector continued to expand in July but at a slower pace, according to a business survey, signaling that business conditions remain difficult as the largest Arab economy recovers from the coronavirus crisis. The seasonally adjusted IHS … Continue reading

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Saudi Arabia launches national infrastructure fund with BlackRock

Saudi Arabia, advised by the world’s largest fund manager BlackRock, has launched a national infrastructure fund to support up to 200 billion riyals ($53.32 billion) in projects over the next decade, state news agency SPA said on Monday. The National … Continue reading

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