SAUDI DELEGATION
India welcomes Egypt, Iran, UAE, Saudi Arabia and Ethiopia joining BRICS
The meeting on Monday was the first ministerial meeting following BRICS expansion in 2023 when Egypt, Ethiopia, Iran, Saudi Arabia, and the UAE joined Brazil, Russia, India, China, and South Africa as full-fledged BRICS members.
Aramco's $12 billion stock offer sells out in hours
The extent of foreign participation will be closely watched as an indicator of interest in Saudi assets. During Aramco's 2019 initial public offering, the $29.4-billion listing drew orders worth $106 billion, and about 23% of shares were allocated to foreign buyers.
Iran's Cabinet holds emergency meeting after president's death
President Ebrahim Raisi dies in a helicopter crash in Iran's East Azerbaijan province, leading to condolences from Pakistan and Iraq. Houthi leader mourns, highlighting Iran's support in Yemen conflict against Saudi-led coalition. The crash may have implications on Middle East tensions.
Russian President Vladimir Putin to push growing Moscow-Beijing trade in China's northeast
Russian President Vladimir Putin concluded his visit to China by highlighting the importance of trade near the border in China's northeast. Amid Western sanctions over the Ukraine invasion, Putin is strengthening ties with China, signing agreements on security and economic cooperation. The joint statement emphasizes the deepening China-Russia relationship and their commitment to mutual development.
Pakistan's benchmark share index rises as much as 1.5%
A Saudi delegation arrived in Pakistan on Sunday for talks on trade and investment opportunities, particularly in the exploration and production sectors.
Host Saudi warns of economic fallout from Gaza war at global summit
Saudi Arabia urges regional stability amid the Israel-Hamas conflict, hosting a summit attended by mediators. Concerns about economic impact arise. Palestinian President urges US intervention. Saudi pushes its Vision 2030 amid challenges. The summit focuses on Gaza humanitarian situation and Iran. Saudi seeks global engagement despite regional tensions.
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Foreign talent to make up for unskilled bureaucrats in Pakistan: Report
Pakistan's Cabinet has relaxed rules to hire foreign consultancy firms to replace unskilled bureaucrats and speed up investment efforts in the country. The move was taken to support the Special Investment Facilitation Council (SIFC), a top civil-military body created last year to bring investment into the country. Foreign consultancy firms will be hired for five years to replace Pakistani bureaucrats who are found lacking in project planning and execution.
Islamabad-bound PIA flight from Saudi carrying Pakistan PM Shehbaz Sharif diverted to Lahore, inconveniencing other passengers
Interestingly, the incident came close on the heels of Prime Minister Sharif recently declaring a ban on the red carpet at events in his favour, which earned accolades for signalling a shift towards eradicating the VIP culture and encouraging a culture of humility within the realm of public service.
VFS Global signs agreement with Saudi Arabia for visa services
"It is an honour to have entered this strategic partnership with the Saudi Arabian Ministry of Commerce. We are very pleased to offer this dedicated Visa Application Centre service to the employees and associates of the Ministry, to further enhance their visa application experience in a seamless, convenient and secure manner," VFS Global founder and CEO Zubin Karkaria added.
India, Saudi Arabia explore new avenues of defence cooperation
Minister of State for Defence Ajay Bhatt and Saudi Arabia's Defence Minister Prince Khalid bin Salman bin Abdulaziz Al-Saud discuss bolstering bilateral defence cooperation, including joint military exercises and technology transfer. Amid global tensions in West Asia, particularly Iran-backed Houthi attacks on cargo vessels, discussions focused on collaboration in training, technology, and expertise exchange. Bhatt leads India's delegation at the World Defence Show 2024 in Riyadh, where further talks on defence production and R&D took place with Saudi officials.
Saudi Aramco in investment discussions with Indian companies: Senior executive
Saudi Aramco is currently in discussions regarding investments with companies in India, as stated by Faisal Faqeer, Senior Vice President of IK Liquids to Chemicals Development, Downstream at Saudi Aramco. Faqeer expressed hope for imminent announcements regarding investment in Indian companies.
Union Minister Smriti Irani attends Haj and Umrah conference in Saudi Arabia
Union Minister for Minority Affairs, Smriti Irani, participated in the third Haj and Umrah Conference in Jeddah. In discussions with the Deputy Governor of Makkah Region and the Minister of Haj and Umrah, Irani explored opportunities for enhanced cooperation to improve facilities for Indian pilgrims.
Expanding ties: India’s Minority Affairs Minister & MoS MEA visit historic Madinah
The delegation visited the perimeter of the Prophet's Mosque (Al Masjid Al Nabwi) in the Markazia area of Madinah. This was followed by a visit to the mountain of Uhud and a visit to the Quba Mosque. Quba Mosque is the first Mosque of Islam while Uhud Mountain is the final resting place of a number early Islamic martyrs.
5 big promises made at annual UN climate talks and what has happened since
Negotiators are debating how fast fossil fuels should be reduced and how a major transition to green energy would be paid for, raising the possibility of a historic agreement. Previous summits have ended with funds established to help developing countries transition to green energies, pledges to slash pollution and promises to keep people most vulnerable at the center of policy discussions.
OPEC+ agrees on deeper output cuts to avoid renewed surplus
Members have agreed to this in principle and it now goes to a vote at the meeting, delegates said, asking not the be named because the information was private.
World must 'act urgently' to stop humanitarian crisis in Gaza: China FM Wang Yi
In urging immediate global intervention, Chinese Foreign Minister Wang Yi addressed a visiting delegation of Arab and Muslim diplomats, highlighting the dire humanitarian crisis in Gaza. He emphasized the urgency of restoring peace in the Middle East, stressing that the situation challenges fundamental human values. Wang called for swift international action to prevent the escalating tragedy from spreading further, reiterating China's commitment to supporting Arab and Muslim nations and advocating for Palestinian rights.
FMs from Palestinian Authority, Muslim nations to visit China on Monday: foreign ministry
Officials will include the foreign ministers of the Palestinian Authority in the West Bank, Saudi Arabia, Jordan, Egypt and Indonesia, as well as the secretary-general of the Organisation of Islamic Cooperation.
Arab and Muslim leaders demand immediate end to Gaza war
The extraordinary joint Islamic-Arab summit in Riyadh urged the International Criminal Court to investigate "war crimes and crimes against humanity that Israel is committing" in the Palestinian territories, according to a final communique.
Arab and Muslim leaders call for immediate end to Gaza war
Dozens of leaders including Iranian President Ebrahim Raisi, Turkish President Tayyip Erdogan, Qatar's Emir Sheikh Tamim bin Hamad Al Thani and Syrian President Bashar al-Assad, who was welcomed back into the Arab League earlier this year, attended the meeting.
Pakistan central bank keeps key rate unchanged at 22%
Pakistan's central bank, in its latest policy review on Monday, opted to maintain its key interest rate at 22%, aligning with market forecasts. This decision arrives just before an imminent visit by a delegation from the International Monetary Fund (IMF) scheduled for Thursday. The IMF delegation is tasked with assessing the progress made in achieving the objectives outlined in a $3 billion economic assistance program that was sanctioned in July.
India, Saudi Arabia tie up for electrical interconnections, green hydrogen
India and Saudi Arabia have signed a memorandum of understanding (MoU) to collaborate in the areas of electrical interconnections, green hydrogen, and supply chains. The MoU aims to establish cooperation in electrical interconnection, exchange of electricity during peak times and emergencies, co-development of projects, co-production of green hydrogen and renewable energy, and establishing secure supply chains.
Will lingering obstacles derail a Saudi-Israeli pact?
Israeli Prime Minister Benjamin Netanyahu followed that up by telling the United Nations General Assembly "we are at the cusp" of "an historic peace". US President Joe Biden, whose aides are driving the push, wants a deal locked in before he becomes consumed by his re-election campaign next year, according to people briefed on the talks.
Saudi Arabia showcases soft power & attractiveness via unique exposition in Delhi
The Ministry of Media, Kingdom of Saudi Arabia, concluded its first international edition of Media Oasis in New Delhi. The event showcased the achievements made in more than 20 projects under Vision 2030, aimed at diversifying the country economically, socially, and culturally. The exhibition featured interactive exhibits that allowed visitors to experience these initiatives.
India, Saudi Arabia to double trade to $100 billion: Piyush Goyal
The minister suggests opening an India trade office in Riyadh and a Saudi investment office in GIFT City, Gandhinagar to facilitate trade and investments between the two countries.
Saudi Arabia to consider setting up sovereign wealth fund office in GIFT City to facilitate investments
Saudi Arabia has expressed its interest in setting up an office for its sovereign wealth fund in Gujarat International Finance Tec-City (GIFT) in India. The Saudi Investment Minister, Khalid A. Al Falih, announced that a strong delegation would be sent to GIFT City to explore the opportunity.
Will consider setting up office in GIFT City, says Saudi Arabia
Saudi investment minister Khalid A. Al Falih said within the next few weeks, he would send a strong delegation to GIFT City to explore the opportunity. “I will match your offer and commit today that we will open an office in India for investment facilitation...we are talking about bidirectional (facilitation),” the minister said in response to the suggestion from Goyal.
Ample opportunities for increasing Saudi investments in India: President Murmu
President Droupadi Murmu of India welcomed Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud of Saudi Arabia at Rashtrapati Bhavan and hosted a banquet in his honor. The President emphasized that Saudi Arabia is an important strategic partner for India and expressed satisfaction with the strengthening bilateral ties.
G20 Summit: Specially-curated menu, variety of sweets for delegates at president's dinner
A special menu focusing on millets has been curated for world leaders attending a dinner in New Delhi. The menu includes foxtail millet leaf crisps for starters, followed by a variety of main course dishes such as jackfruit galette and Kerala red rice. For dessert, a cardamom-scented barnyard millet pudding will be served.
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