Saudi Arabia

Why Indian tourists find the Gulf region an attractive destination?

According to the latest statistics released ahead of Arabian Travel Market (ATM) in Dubai, the number of Indian tourists to the GCC states is expected to surge 81 per cent to 9.8 million in 2024 from 5.4 million in 2018.

Nov 19, 2019

Saudi Aramco IPO: Oil giant may beat valuation shock with record stake sale

Saudi national oil company Aramco lowers valuation target to $1.71-trillion from earleir $2 trillion; 1.5% stake sale could still top Alibaba's $25-billion IPO to become the world's biggest.

Nov 18, 2019

Saudi Arabia labels feminism, atheism, homosexuality as extremist ideas

Saudi authorities have also cracked down on dissent, arresting scores of critics including clerics, intellectuals and activists.

Nov 12, 2019

Saudi Aramco proposes mammoth expansion in India; to purchase 20% stake in RIL oil, chemicals

Aramco has entered into a non-binding letter of intent with Reliance Industries Limited on August 12, 2019, to purchase a 20 per cent stake in its oil to chemicals division.

Nov 11, 2019

Modi's visit expected to foster Saudi's proposed investments in India

New Delhi and Riyadh are expected to finalise a joint venture deal to build the $44 billion-Ratnagiri Refinery and Petrochemicals in Maharashtra, which will be the largest greenfield refinery in India.

Oct 25, 2019

Six-fold rise in Saudi visa fees; Muslim nations criticise the move on rising cost of Hajj pilgrimage

Saudi amasses about $12 billion in income every year from Hajj pilgrims, who pay for their transportation and lodging as well while visiting the Kingdom to perform their annual ritual.

Oct 23, 2019

35 foreign pilgrims killed in major bus accident near Saudi holy city of Mecca

According to media reports, the deceased were Arab and Asian pilgrims.

Oct 17, 2019

Fuel price set to spike as tension rises after Iran oil tanker hit in Red Sea

Iran suspects Saudi rocket attacks behind the fire that breaks out on the tanker laden with one million barrels of oil in the Red Sea off Jeddah; reports suggest the attack was in retaliation to Yemeni Houthi's drone strikes on Saudi Aramco oil installations.

Oct 11, 2019

Iranian tanker collides with Chinese vessel

Iranian oil tanker explodes near Saudi port months after Aramco bombing; Iran claims 'terror attack'

The tanker owned by National Iranian Oil Company suffered from damages from a "terrorist attack" and led to oil leakage into the Red Sea, around 120 km from the Jeddah port.

Oct 11, 2019

OPEC crude output to average 29.6m barrels a day: EIA

In its October Short-Term Energy Outlook, EIA also forecast that annual average OPEC crude oil production will average 29.8 million b/d in 2019, down by 2.1 million b/d from 2018.

Oct 9, 2019

Imran Khan's plane rerouted in US by Saudi crown prince over UN speech: Pakistan magazine

Criticising Pakistan's "victory at the UN", the magazine revealed that the Saudi Prince disapproved Khan administrative's rhetoric of representing the Islamic bloc.

Oct 7, 2019

Saudi Arabia promotes tourism: Allows women to rent hotels, share rooms for foreign tourists

Apart from provision given to foreign tourists, the Kingdom also stated that Saudi women can now rent hotel rooms by themselves.

Oct 5, 2019

Saudi plans major investment in India's refining, petrochemical sector

The Kingdom's state-owned Saudi Aramco is a joint venture partner of the $44 billion-Ratnagiri Refinery and Petrochemicals Ltd, which is reportedly decided to establish its refining and petrochemical facilities in Raigad district of Maharashtra.

Sep 30, 2019

Oil prices could spike 'unimaginably high', says Saudi crown prince warning Iran

If the world does not take a strong and firm action to deter Iran, we will see further escalations that will threaten world interests.

Sep 30, 2019

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LPG crisis looming? Cooking gas shortage could worsen during festival season

LPG vendors may begin rationing of LPG cylinders to customers as the effect of Houthi attacks on Saudi oil installations and fire at ONGC's Uran plant affects supplies in Karnataka, Maharashtra, Punjab, and Goa amid domestic shutdowns

Sep 28, 2019

Saudi Arabia to offer tourist visas for the first time, eases dress code for women tourists

Saudi Arabia has been taking several social reforms as part of Crown Prince Mohammed bin Salman's bold steps to raise the participation of women in economic development.

Sep 27, 2019

Clampdown on illegal workers: Saudi Arabia arrests 3.9 million expatriates in 2 years

The country, which has a population of 30 million, is on a drive to replace migrant workers with its own workforce in a move to cut the unemployment rate.

Sep 23, 2019

US to send troops to Saudi Arabia after Aramco oil attacks

In response to the kingdom's request, the Pentagon will deploy a moderate number of troops and plans to expedite delivery of military equipment to both Saudi Arabia and the United Arab Emirates.

Sep 21, 2019

As Houthis threaten to attack UAE cities, Saudi Arabia asserts Iran's role in Aramco bombing

Saudi defence spokesperson Colonel Turki al-Malki dismissed Houthi claims of carrying out the attacks and stated: "Despite Iran's efforts to make it appear so they did not originate from Yemen."

Sep 19, 2019

Modi-Trump chemistry: Coping with a garrulous 'frenemy' in the White House

While Trump is scheduled to attend 'Howdy Modi!' event in Houston, Texas, the South Block mandarins are grappling with a suitable response to US President Trump's gestures punctuated by friendly fire on the trade front.

Sep 17, 2019

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