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  • PM speaks with Saudi Crown Prince, thanks him for support during evacuation of Indians from Sudan June 08, 2023 11:07 PM IST

    PM speaks with Saudi Crown Prince, thanks him for support during evacuation of Indians from Sudan

    Crown Prince Mohammed bin Salman conveyed his full support to India's initiatives as part of its ongoing G20 Presidency and said he looks forward to his visit to India, the statement said.

  • Air India Express operates India's first all-women Haj flight June 08, 2023 10:50 PM IST

    Air India Express operates India's first all-women Haj flight

    The first all-women Haj flight, IX 3025, departed from Kozhikode to Jeddah at 18:45 IST on Thursday, arriving in Jeddah at 22:45 local time, according to the airline.

  • Karim Benzema signs for Saudi Arabia's Al-Ittihad June 06, 2023 01:47 PM IST

    Karim Benzema signs for Saudi Arabia's Al-Ittihad

    "Karim "Banzema has signed a contract for his transfer to Al-Ittihad for a three-year period starting next season," said the source.

  • Chart of the Day | Saudi crude oil output cut will not hit India, but can tilt market balance June 06, 2023 09:40 AM IST

    Chart of the Day | Saudi crude oil output cut will not hit India, but can tilt market balance

    Total production cuts by the oil producing countries’ cartel is projected to reach 4.6 percent of the global demand in July 

  • OPEC Meeting Outcome: The untold story June 06, 2023 09:02 AM IST

    OPEC Meeting Outcome: The untold story

    The output cut is a voluntary one by Saudi Arabia alone. The other OPEC members and the non-members want higher production

  • Opec+ extends oil production cuts, Saudi Arabia pledges big cuts in July June 05, 2023 10:12 PM IST

    Opec+ extends oil production cuts, Saudi Arabia pledges big cuts in July

    Consultancy Rystad Energy said the additional Saudi cut is likely to deepen the market deficit to more than 3 million barrels per day in July, which could push prices higher in the coming weeks.

  • Crude oil prices to remain weak despite production cuts by Saudi: Analysts June 05, 2023 09:19 PM IST

    Crude oil prices to remain weak despite production cuts by Saudi: Analysts

    Saudi Arabia on June 4 announced a 1 million bpd cut in oil production starting in July.

  • Saudi oil output cut to delay price revision in India June 05, 2023 07:02 PM IST

    Saudi oil output cut to delay price revision in India

    Saudi Arabia on Sunday announced cuts of 1 million barrels per day in oil output starting July, while the rest of the OPEC+ producers agreed to extend earlier cuts in supply through the end of 2024.

  • Saudi Arabia's solo oil production cut is a risky strategy June 05, 2023 05:30 PM IST

    Saudi Arabia's solo oil production cut is a risky strategy

    By implementing a unilateral output reduction, Riyadh is hoping to boost crude prices

  • Oil Shock: Saudi Arabia's pledged production cuts could boomerang on it June 05, 2023 10:05 AM IST

    Oil Shock: Saudi Arabia's pledged production cuts could boomerang on it

    The situation in the oil market today is reminiscent of the 1980s in many ways. But this time, there could be a key difference when the Saudis open the taps again: The world may no longer want what they’re selling

  • Venus Remedies gets marketing authorization from Saudi Arabia for chemotherapy drug Docetaxel June 01, 2023 11:50 AM IST

    Venus Remedies gets marketing authorization from Saudi Arabia for chemotherapy drug Docetaxel

    The development comes three months after the company received good manufacturing practices (GMP) certification from the Saudi Food and Drug Authority (SFDA) for all its production facilities at its unit in Baddi, Himachal Pradesh.

  • Saudi Aramco's $2 trillion valuation is an illusion May 30, 2023 05:27 PM IST

    Saudi Aramco's $2 trillion valuation is an illusion

    Too few shares trade for typical price discovery metrics to apply to the oil giant

  • US, Saudi Arabia call for warring sides in Sudan to extend ''imperfect'' ceasefire May 28, 2023 09:18 PM IST

    US, Saudi Arabia call for warring sides in Sudan to extend ''imperfect'' ceasefire

    In a joint statement early on Sunday, the US and Saudi Arabia called for an extension of the current truce which expires at 9.45 pm on Monday.

  • The writing is on the wall. Saudi should realise oil demand is shifting for good May 25, 2023 09:46 AM IST

    The writing is on the wall. Saudi should realise oil demand is shifting for good

    The world's largest oil producer keeps playing with supply cuts rather than realise that oil demand is slowing with more electric vehicles on the roads and prolonged economic weaknesses in China and elsewhere

  • Renewables: No country will be the Saudi Arabia of the Green Hydrogen age May 17, 2023 09:39 AM IST

    Renewables: No country will be the Saudi Arabia of the Green Hydrogen age

    Like sulphur and ammonia — which are abundant and cheap, the existing hydrogen trade that consumes nearly 100 million tonnes a year is going to be used close to the place it was produced. So no country will dominate the trade

  • Amnesty: Executions worldwide increased by 53% in 2022, rose in Iran, Saudi Arabia May 16, 2023 08:24 PM IST

    Amnesty: Executions worldwide increased by 53% in 2022, rose in Iran, Saudi Arabia

    There are currently more than 450 death row inmates in Indonesia, with convicted drug traffickers accounting for around 60 per cent, including 88 foreign nationals from 18 countries.

  • US NSA Jake Sullivan meets Ajit Doval in Saudi Arabia, both to meet again in Australia this month May 08, 2023 09:11 AM IST

    US NSA Jake Sullivan meets Ajit Doval in Saudi Arabia, both to meet again in Australia this month

    This is the first meeting between Doval and Sullivan after they launched the ambitious India US ICET (Initiative on Critical and Emerging Technology) dialogue here in January. Sullivan is currently travelling to Saudi Arabia.

  • 'I had organised this trip to Saudi..': Lionel Messi issues apology after PSG suspension May 06, 2023 12:07 PM IST

    'I had organised this trip to Saudi..': Lionel Messi issues apology after PSG suspension

    Various media in France said he would be suspended for two weeks, although AFP has not been able to confirm those reports.

  • Russia remains top supplier of crude oil to India in April; supplies 1.68 million bpd May 05, 2023 07:11 PM IST

    Russia remains top supplier of crude oil to India in April; supplies 1.68 million bpd

    In April 2023, Iraq supplied 812,000 bpd of crude oil to India while Saudi Arabia provided 671,000 bpd.

  • Saudi Arabia cuts Asia oil prices as energy market weakens May 05, 2023 11:59 AM IST

    Saudi Arabia cuts Asia oil prices as energy market weakens

    A softening US economy and continued fragility among its banks, as well as weak manufacturing data in China, have triggered a renewed fall in Brent and WTI futures. Refining margins have also sunk.

  • Indonesia, Saudi didn’t even amount to $500k of our cash-burn: Cars24 CEO May 04, 2023 08:42 PM IST

    Indonesia, Saudi didn’t even amount to $500k of our cash-burn: Cars24 CEO

    The used car marketplace looks to pad up margins by financing vehicle purchases as it increases focus on the retail buyer segment.

  • Saudi Arabia Says Fiscal Expansion to Balance Out Fed Hikes May 03, 2023 05:15 PM IST

    Saudi Arabia Says Fiscal Expansion to Balance Out Fed Hikes

    Speaking in an interview with Bloomberg Television on Thursday, Minister of Economy and Planning Faisal bin Fadhil Alibrahim described Saudi Arabia as having an “expansionary fiscal environment” that he said will offset the impact of higher interest rates

  • Lionel Messi suspended by PSG for trip to Saudi without approval May 03, 2023 12:53 PM IST

    Lionel Messi suspended by PSG for trip to Saudi without approval

    .A two-week suspension would mean Lionel Messi would miss PSG's next two games.

  • The country where bankers’ pay is booming: Saudi Arabia May 03, 2023 11:34 AM IST

    The country where bankers’ pay is booming: Saudi Arabia

    State vehicles like his Public Investment Fund, with more than $600 billion of assets, are hiring at breakneck speed, often recruiting staff from foreign firms based in the country.

  • Etihad CEO counts on India as third largest aviation market in 4 years April 28, 2023 06:49 AM IST

    Etihad CEO counts on India as third largest aviation market in 4 years

    The plan is "chart 20 percent growth in India in the next year, and then grow further", said Antonoaldo Neves, who has been heading the UAE national airline since October last year.