Page 17 - Saudi Arabia
Saudi Arabia's listed firms to cut payouts for Prince's $1.3-trn plan
The companies will benefit from extra subsidies and the ability to lobby for law changes
 "Saudi Arabia's listed firms to cut payouts for Prince's $1.3-trn plan")
Saudi announces $1.3 trn pvt sector investment push led by Aramco, SABIC
The move aims to mobilise the Gulf Arab state's private sector to help wean the economy off its reliance on oil exports, which still account for more than half the state's income
 "Saudi announces $1.3 trn pvt sector investment push led by Aramco, SABIC")
Explained: Why 'atmanirbharta' flows against oil security for India
Instead of relying on negligible domestic deposits, India should be securing steady supplies from abroad
 "Explained: Why 'atmanirbharta' flows against oil security for India")
FTSE puts India, Saudi on watchlist for inclusion in its bond index
FTSE Russell's semi-annual country classification review said market accessibility level of Indian and Saudi bonds will be considered for reclassification to 1 from 0
 "FTSE puts India, Saudi on watchlist for inclusion in its bond index")
Saudi local office must for foreign firms to get state contracts from 2024
The government has told foreign companies that, from 2024, they can only secure state contracts if they have local offices
 "Saudi local office must for foreign firms to get state contracts from 2024")
CBI arrests ponzi firm promoter after his deportation from Saudi Arabia
The CBI has arrested Sudeer Muhammed Cheriya Vannarakkal who allegedly siphoned off about Rs 10 crore of public money through a ponzi scheme
 "CBI arrests ponzi firm promoter after his deportation from Saudi Arabia")
India to buy oil from cheapest supplier on favourable terms, says Pradhan
UAE, Kuwait and Nigeria -- some of the biggest suppliers of oil to India -- are all OPEC members
 "India to buy oil from cheapest supplier on favourable terms, says Pradhan")
India calls Saudi Arabia's advice on tapping stored oil 'undiplomatic'
India, the world's third-biggest oil importer and consumer, has asked refiners to speed up diversification and cut reliance on Middle Eastern oil
 "India calls Saudi Arabia's advice on tapping stored oil 'undiplomatic'")
Saudi-led jets strike Yemen rebel sites after Aramco hit: Report
The escalation is liable to hinder U.S. efforts to end the seven-year war in Yemen, which has created the world's worst humanitarian crisis, with widespread famine and disease.
 "Saudi-led jets strike Yemen rebel sites after Aramco hit: Report")
Saudi: Drones attack Riyadh oil facility, no supply disruption reported
A drone attack struck an oil installation in Saudi Arabia's capital of Riyadh on Friday, the Saudi state-run news agency reported, igniting a blaze at the facility deep in the kingdom's territory
 "Saudi: Drones attack Riyadh oil facility, no supply disruption reported")
India, Saudi Arabia hold talks on initiating cooperation in space
India and Saudi Arabia held discussions on initiating cooperation in the space field and explored the possibility of inking a county-level MoU
 "India, Saudi Arabia hold talks on initiating cooperation in space")
Indian state refiners prepare to cut May Saudi oil imports: Report
Indian state refiners prepare to cut May Saudi oil imports
 "Indian state refiners prepare to cut May Saudi oil imports: Report")
Yemen forces backed by Saudi coalition launch offensive against Houthis
The offensive comes after years of a political and military stalemate during the six years of deadly civil war, Xinhua news agency reported
 "Yemen forces backed by Saudi coalition launch offensive against Houthis")
Saudi cuts April crude for some Asian refiners, maintains India supply
Saudi Arabia has pledged to continue with an extra 1 million barrels per day voluntary output cut for a third month in April
 "Saudi cuts April crude for some Asian refiners, maintains India supply")
It's time Gulf Arab States look away from Oil and find new revenue sources
We are approaching an energy inflection point in the global economy: plentiful oil supply, a demand plateau by 2030 and more competitive renewable-energy options
 "It's time Gulf Arab States look away from Oil and find new revenue sources")
Saudi oil hawkishness speeds Indian plan to seek alternatives
India would prefer an oil price in the $50 to $60 a barrel range, says HPCL chairman Mukesh Kumar Surana
 "Saudi oil hawkishness speeds Indian plan to seek alternatives")
Yemen's Houthis fire missiles, drones at Saudi Arabia's oil site
US condemns attack, says its commitment to defend Saudi 'unwavering'
 "Yemen's Houthis fire missiles, drones at Saudi Arabia's oil site")
Brent cracks $70 for 1st time since Covid after Saudi facilities attacked
Brent crude futures jumped above $70 a barrel for the first time since Covid pandemic began, while US crude touched its highest in over two years, following reports of attacks on Saudi oil facilities
 "Brent cracks $70 for 1st time since Covid after Saudi facilities attacked")
Yemen's Houthis say they fire missiles at Saudi oil, military facilities
There was no immediate confirmation from oil firm Aramco or from Saudi authorities. Ras Tanura is the site of an oil refinery and the world's biggest offshore oil loading facility
India is saddened by Opec+ decision to continue cutting production: Pradhan
After the Opec decision, one million barrels per day of crude oil production from Saudi Arabia will remain in place at least through April.
 "India is saddened by Opec+ decision to continue cutting production: Pradhan")
