Page 22 - Saudi Arabia
Top headlines: Trump sues in 3 states, Saudi fund to invest in RIL unit
From S&P downgrading Tata Motors to Trump suing in 3 states to contest US election result, Business Standard brings you top news of the evening
 "Top headlines: Trump sues in 3 states, Saudi fund to invest in RIL unit")
Saudi Arabia to remove curbs on foreign workers to attract overseas talent
The new rules will come into effect on March 14 and apply to all foreign workers in the private sector, regardless of salary
 "Saudi Arabia to remove curbs on foreign workers to attract overseas talent")
Saudi Aramco's third-quarter profit falls 44.6% to 44.21 billion riyals
DUBAI (Reuters) - Saudi Arabian state oil group Aramco <2222.SE> on Tuesday reported a 44.6% drop in third-quarter net profit, in line with analysts' estimates, dented by lower crude oil prices and volumes sold as the coronavirus crisis choked demand.
 "Saudi Aramco's third-quarter profit falls 44.6% to 44.21 billion riyals")
India could cut oil import bill further as Saudi looks at crude discounts
India's oil import bill may fall further in the remaining period of the current fiscal with Saudi Arabia looking at giving discount in crude it sells to Asian Buyers
 "India could cut oil import bill further as Saudi looks at crude discounts")
India asks Saudi Arabia to fix map on banknote that left out J-K, Ladakh
The world map on the new 20 Riyal banknote does not feature Jammu & Kashmir, and Ladakh as part of India.
 "India asks Saudi Arabia to fix map on banknote that left out J-K, Ladakh")
Ahead of G-20 meet, Saudi Arabia removes PoK from Pakistan's map
The map shows a border between Pakistan and the region. So far, there was no reaction from the Pakistan government
 "Ahead of G-20 meet, Saudi Arabia removes PoK from Pakistan's map")
Jamal Khashoggi's fiancee sues Saudi Crown Prince Mohammed bin Salam
The Turkish fiancee of slain journalist Jamal Khashoggi has sued Saudi Arabia's Crown Prince Mohammed bin Salman, accusing him of ordering the murder, the media reported
 "Jamal Khashoggi's fiancee sues Saudi Crown Prince Mohammed bin Salam")
Kremlin says new OPEC+ committee's oil talks to tackle weak demand outlook
Russian President Vladimir Putin and Saudi Arabia's Crown Prince Mohammed bin Salman held two phone calls last week to discuss oil markets
 "Kremlin says new OPEC+ committee's oil talks to tackle weak demand outlook")
Saudi Arabia foreign minister sees path toward ending rift with Qatar
The rift in relations started in June 2017, when Saudi Arabia, the UAE, Bahrain and Egypt abruptly severed diplomatic, trade and transport ties with Qatar
 "Saudi Arabia foreign minister sees path toward ending rift with Qatar")
China and Russia win seats on UN human rights council, Saudi Arabia lose
China, Russia and Cuba won seats on the UN's premiere human rights body despite opposition from activist groups over their abysmal human rights records, but another target, Saudi Arabia, lost
 "China and Russia win seats on UN human rights council, Saudi Arabia lose")
Saudi Arabia presides over virtual global interfaith forum
Saudi Arabia is presiding over a virtual global interfaith forum that began on Tuesday, with participation from Muslim clerics, Jewish rabbis, Christian priests and others religious figures
 "Saudi Arabia presides over virtual global interfaith forum")
Saudi's largest lender NCB agrees to buy rival Samba for $15 billion
NCB agreed to pay 28.45 riyals ($7.58) for each Samba share on Sunday, valuing it at about 55.7 billion riyals
 "Saudi's largest lender NCB agrees to buy rival Samba for $15 billion")
Saudi's National Commercial Bank buys Samba Financial in $14.8 bn deal
The bank will control some $223 billion in assets and a market capitalisation of $46 billion after the merger wins regulatory approvals and is completed, National Commercial Bank said
 "Saudi's National Commercial Bank buys Samba Financial in $14.8 bn deal")
Saudi's biggest lender NCB to merge with Samba to create $223 bn entity
Low oil prices and weak economic growth are pushing bank consolidation across the Gulf
China happiest nation, India 13 in marketing firm's online survey for 2020
Peru, Chile, Spain are least happy, according to Ipsos's study in 27 global markets.
 "China happiest nation, India 13 in marketing firm's online survey for 2020")
Businesses back to growth in top three Arab economies after stumble
The recovery has been fragile in much of the Middle East and faces a further test in the UAE because of a sharp pick-up in new coronavirus cases
Saudi tax relief unleashed for home buyers to keep boom rolling
Property transactions will instead be subject to a new 5% real estate sales tax, according to state-run news agency SPA
 "Saudi tax relief unleashed for home buyers to keep boom rolling")
Saudi Arabia resumes Umrah pilgrimage to Mecca
The Saudi Arabian authorities resumed on late Saturday the Umrah pilgrimage to the holy city of Mecca, the kingdom's Ministry of Hajj and Umrah said
 "Saudi Arabia resumes Umrah pilgrimage to Mecca")
Burj Khalifa builder Arabtec to close down, file for liquidation
Construction firms that sprang up more than a decade ago as a building bonanza swept Dubai and much of the Gulf are facing a reckoning as governments pull back on spending
 "Burj Khalifa builder Arabtec to close down, file for liquidation")
Saudi Arabia's economy shrinks 7% in Q2, joblessness at record high
Labour statistics released at the same time showed that citizen unemployment rose to 15.4 per cent during April to June
