Page 5 - Saudi Arabia

India has a powerful case to be permanent member of UNSC: EAM Jaishankar

India has a powerful case to be a permanent member of the UN Security Council and the principal UN organ must adapt to the evolving global conditions, not only to fulfill its objectives of maintaining international security but also to remain relevant, said External Affairs Minister S Jaishankar, who is in Saudi Arabia on his first visit to the Gulf Kingdom. India has been at the forefront of the years-long efforts to reform the Security Council saying it rightly deserves a place as a permanent member of the Council, which in its current form does not represent the geo-political realities of the 21st Century. Jaishankar said there is a broad global consensus over the need to reform the Council, particularly as it does not reflect the realities of the world, asserting that an expanded Council is not only in India's favour, but also in favour of other unrepresented areas. India as the largest democracy, fifth largest economy, nuclear power, technological hub, and tradition of global .

Jaishankar meets Saudi Arabian Crown Prince, apprises him of bilateral ties

External Affairs Minister S Jaishankar on Sunday met with the Saudi Arabian Crown Prince Mohammed bin Salman Al Saud in Jeddah and apprised him of the bilateral ties between the two countries.

External Affairs Minister Jaishankar to go on a 3-day visit to Saudi Arabia

External Affairs Minister S Jaishankar will be on a three-day visit to Saudi Arabia beginning Saturday to discuss ways to further strengthen relations between the two countries. During the visit, Jaishankar will co-chair with his Saudi Arabian counterpart Prince Faisal bin Farhan Al Saud the first ministerial meeting of the Committee on Political, Security, Social and Cultural Cooperation (PSSC), established under the framework of the India-Saudi Arabia Strategic Partnership Council. The two ministers will undertake a comprehensive review of the entire bilateral relationship and will discuss the progress under the four Joint Working Groups of the PSSC Committee Political & Consular; Legal & Security; Social & Cultural and Joint Committee on Defence Cooperation. The meetings of these Groups and senior officials have been held over the past few months, an External Affairs Ministry statement said. It said both sides will also discuss regional and international issues of ...

Explained: How have India's crude import sources changed over time?

The top three countries have changed significantly before and after the military action in Ukraine

Egypt's president meets Saudi FM to discuss bilateral ties, regional issues

For his part, the Saudi Foreign Minister highlighted the kingdom's commitment to strengthening "the strategic cooperation" with Egypt at various levels

Saudi Arabia's central bank hires crypto chief to boost digital ambitions

Saudi Arabia has until now taken a more cautious approach on virtual assets, with officials raising concerns about their speculative nature.

Saudi court sentences woman to 45 years in prison for social media use

A Saudi court has sentenced a woman to 45 years in prison for allegedly damaging the country through her social media activity, according to a court document obtained on Wednesday. It was the second such sentence that has drawn scrutiny of the kingdom this month. Little is known about Nourah bint Saeed al-Qahtani, who hails from one of the biggest tribes in Saudi Arabia and has no apparent history of activism. An official charge sheet seen by The Associated Press and human rights groups describes her case as involving her social media use, though Saudi officials did not respond to requests for comment. The sentence follows international outcry over a similar 34-year prison sentence handed down to Salma al-Shehab, a Saudi doctoral student at Leeds University in England. Earlier this month, a specialised criminal court delivered the 45-year sentence under the kingdom's broad counterterrorism and cybercrime laws. That court, which normally handles political and national security cas

24 foreign firms show interest in petroleum business in Sri Lanka: Minister

Twenty-four companies from India, the United Arab Emirates, Saudi Arabia, the US, China, Russia, the UK, Malaysia, Norway, and the Philippines are interested in the petroleum business in Sri Lanka

Saudi Arabia announces investment of $1 bn in cash-strapped Pakistan

This announcement regarding the fresh investment comes days after the State Bank of Pakistan informed about USD 4bn in financing for Pakistan from friendly countries

Saudi Arabia to organise second edition of Global AI Summit in Sept

Saudi Arabia will hold the second edition of the Global AI Summit in September focusing broadly on human capacity development, smart cities, healthcare etc.

Oil prices jump nearly 4% on Tuesday on OPEC+ supply tightening fears

Underlining tight supply, the latest U.S. inventories weekly reports are expected to show crude stocks declining 900,000 barrels last week

Oil prices jump almost 3% as tight supply moves back into focus

Oil has soared in 2022, coming close in March to an all-time high of $147 after Russia's invasion of Ukraine exacerbated supply concerns

Oil prices climb $1 a barrel as tight supply moves back into focus

The Saudi energy minister said OPEC+ had the means to deal with challenges including cutting production, state news agency SPA said on Monday, citing comments Abdulaziz bin Salman made to Bloomberg

Oil prices rise after Saudi warns OPEC could cut output to correct drop

Brent crude futures rose 32 cents to $96.80 a barrel by 0004 GMT, after a choppy session on Monday when they dropped by more than $4 before paring losses to trade near flat

Saudi betting on EV batteries may prompt others to announce ambitious plans

The world's oil capital, Saudi Arabia wants to go electric and get clean. To do so, it's getting its hands on minerals critical for batteries and taking a stake in the electric vehicle-supply chain

Saudi Arabia's economy is booming and this time it isn't only about oil

The property market of Saudi Arabia, the world's biggest exporter of oil, is red-hot as income from a spike in energy prices flows through the economy

Saudi sovereign wealth fund buys $7-bn US stocks amid recession fears

The $620 billion Public Investment Fund also added to positions it held in Facebook Inc. owner Meta Platforms Inc., PayPal Holdings Inc. and Electronic Arts Inc. in the second quarter

Saudi oil giant Aramco tops own record with $48-billion profit in Q2

The company is using the windfall to reduce debt and invest in a huge expansion of its production capacity, rather than boost payouts to shareholders

Pak Army chief Gen Bajwa reaches out to UAE, S Arabia for bailout package

Pakistan Army chief General Qamar Javed Bajwa has reached out to Saudi Arabia and the UAE as part of his efforts to ensure financial assistance for the cash-strapped nation

Russia undercuts Saudi Arabian oil in India as competition heats up

Russian barrels were cheaper than Saudi crude during April through June, with the discount widening to almost $19 a barrel in May