Essar to invest $4 billion in steel plant in Saudi Arabia in 3 years: Official
NEW DELHI: The Essar Group is looking to invest USD 4 billion in setting up an integrated flat steelworks plant in Saudi Arabia in the next three years, a senior company official said. The plant, which will cost Saudi Riyal 15 billion (USD 4 billion), is scheduled to break ground by this year-end and be […]
L&T Construction bags Rs 7000 crore green EPC order for world’s largest solar PV plants by capacity
NEW DELHI: The Renewables arm of Larsen & Toubro’s Power Transmission & Distribution Business has secured a turnkey EPC Contract, from the consortium of ACWA Power and the Water and Electricity Holding Company (a subsidiary of the Public Investments Fund of Saudi Arabia (PIF)), for Sudair Solar PV Project of 1.5GW capacity. This project is […]
Welspun Corp bags orders worth Rs 777 crore in domestic, overseas markets
NEW DELHI: Welspun Corp Ltd on Thursday said it has bagged multiple orders worth about Rs 777 crore in the overseas and domestic markets. “We have received multiple orders of approximately 93 KMT (kilometric tonnes)valuing close to Rs 777 crore. This includes a single order of approximately 50 KMT received from a large client in […]
Gulf Arab leaders sign declaration with Qatar to ease rift
By AYA BATRAWY and AMR NABIL AL-ULA, SAUDI ARABIA: Gulf Arab leaders signed a declaration Tuesday in Saudi Arabia to mark a new page in relations following the kingdom’s decision to end a 3 1/2-year embargo of Qatar, easing a rift that deeply divided regional U.S. security allies and frayed social ties across the interconnected […]
Upcoming G20 summit to be a milestone, will address Covid-19 impact: Saudi Arabia
NEW DELHI: The upcoming summit of the G20 will be a “milestone”, Saudi Arabia, the chair of the powerful economic bloc, said on Sunday amid mounting expectations of fiscal support, debt reductions and several other monetary measures by the grouping to help the global economy recover from the coronavirus-driven collapse. Saudi Arabia’s Ambassador to India […]
Coronavirus: Saudi Arabia to lift travel restrictions from January 2021
NEW DELHI: Saudi Arabia has announced that it will lift travel restrictions from January 2021. In a statement on Sunday, the Interior Ministry attributed the delay in lifting the restrictions due to the severe Covid-19 situation in some countriesm reports Xinhua news agency. The Health Ministry said it has the right, according to the situation, […]
Uber closes Eats operations in eight smaller markets
LONDON: Uber said on Monday it was closing down its Uber Eats operations in eight markets because they did not offer a clear route to becoming the number one or number two online food delivery operator, its stated aim for its Eats business. “We have made the decision to discontinue Uber Eats in Czech Republic, […]
Saudi Arabia extends coronavirus curfew indefinitely
RIYADH:Saudi Arabia’s King Salman extended a nationwide curfew until further notice due to the spread of the new coronavirus, the interior ministry said on Sunday, after the kingdom reported more than 300 new infections on each of the last four days. Last week Saudi Arabia placed its capital Riyadh and other big cities under a […]
Pakistan turns down India’s request to open airspace for Narendra Modi’s flight to Saudi Arabia
NEW DELHI: Pakistan on Sunday said it has denied India’s request to allow Prime Minister Narendra Modi’s VVIP flight to use its airspace for his upcoming visit to Saudi Arabia, citing the alleged human rights violations in Jammu and Kashmir. In a statement, Foreign Minister Shah Mahmood Qureshi said Pakistan has decided not to allow […]
Saudi Arabia to invest USD 100 billion in India
NEW DELHI: Saudi Arabia, the world’s biggest oil exporter, is looking at investing USD 100 billion in India in areas of petrochemicals, infrastructure and mining among others, considering the country’s growth potential. Saudi Ambassador Dr Saud bin Mohammed Al Sati has said India is an an attractive investment destination for Saudi Arabia and it is […]
Saudi Arabia warns crown prince a ‘red line’ in Jamal Khashoggi probe
LONDON: Saudi Arabia has warned criticism of Crown Prince Mohammed bin Salman is a “red line”, after Donald Trump heaped praise on the kingdom in defiance of warnings he was giving Riyadh a pass on a journalist’s grisly murder. Saudi Foreign Minister Adel al-Jubeir said on Wednesday that calls for the crown prince to be […]
Donald Trump thanks Saudi Arabia for lower oil prices
By Terrence Dopp WASHINGTON: United States of America (USA) President Donald Trump thanked Saudi Arabia for keeping oil prices down and urged the kingdom to push prices even lower. “Oil prices getting lower. Great!,” Trump said on Twitter Wednesday. “Thank you to Saudi Arabia, but let’s go lower!” Oil recovered from a one-year low as […]
Saudi Arabia to auction detained tycoon’s real estate assets: Sources
By: Marwa Rashad | Stephen Kalin RIYADH: Saudi Arabia will auction real estate owned by indebted billionaire Maan al-Sanea and his company starting next month to help repay billions of riyals due to creditors, sources familiar with the matter told Reuters. Sanea, ranked by Forbes in 2007 as one of the world’s 100 richest people, […]