Riyadh

October 30, 2024 6:08 PM

Commerce minister leads high-stakes business discussions in Saudi Arabia, inaugurates Diwali

Commerce Minister of India Piyush Goyal embarked on a comprehensive diplomatic mission in Riyadh on Wednesday, marking significant strides in Indo-Saudi relations through a series of high-level meetings and cultural engagements. The day commenced with Minister Goyal's participation in a panel discussion at the Future Investment Summit, followed by the inauguration of 'Lulu Wali Diwali' at Lulu Hypermarket in Riyadh, highlighting the growing cultural bonds between the two nations. In a series b...

September 16, 2024 3:25 PM

India-GCC relations enter a new era with historic strategic dialogue

On September 8, India’s External Affairs Minister, Dr. S. Jaishankar, visited Riyadh for a historic event—the first-ever India–GCC Joint Ministerial Meeting for Strategic Dialogue. This meeting, co-chaired with Qatar’s Prime Minister and Foreign Minister, Sheikh Mohammed bin Abdulrahman Al Thani, marked a new era in India’s diplomatic engagement with the Gulf. The GCC is home to nearly 8.9 million Indian expatriates, representing the largest Indian diaspora in any ...

September 9, 2024 7:05 PM

GCC Foreign Ministers Hold Talks in Riyadh, Engage with International Partners

The 161st Ministerial Council meeting of the Gulf Cooperation Council took place on Monday in the Saudi capital, chaired by Qatari Prime Minister and Minister of Foreign Affairs Sheikh Mohammed bin Abdulrahman Al Thani. The meeting was attended by GCC foreign ministers. Alongside the GCC Council meeting, separate ministerial-level discussions were held between the GCC and India, the Russian Federation, and the Republic of Brazil.The seventh GCC-Russia strategic dialogue meeting was held with Ru...

September 16, 2024 4:03 PM

Indian Embassy in Riyadh Commemorates 78th Independence Day with Community Celebration

The Indian Embassy in Riyadh marked the 78th Independence Day of India with a grand celebration on Thursday. The event was attended by over 500 people, including Embassy officials, journalists, and members of the Indian community. The festivities began with the hoisting of the Indian tricolor by Ambassador Dr. Suhel Ajaz Khan, who also delivered the President's message to the nation. In his address, the Ambassador highlighted the growing ties between India and Saudi Arabia and extended best w...

June 3, 2024 4:31 PM

OPEC+ extends oil output cuts into 2025

OPEC+ agreed on Sunday to extend most of its deep oil output cuts well into 2025 as the group seeks to shore up the market amid tepid demand growth, high interest rates and rising rival U.S. production. Brent crude oil prices have been trading near $80 per barrel in recent days, below what many OPEC+ members need to balance their budgets. Worries over slow demand growth in top oil importer China have weighed on prices alongside rising oil stocks in developed economies. The Organization of the ...

April 30, 2024 12:08 PM

IMF bailout proved important to save Pakistan from default, PM Sharif says

The disbursement of $1.1 billion by the International Monetary Fund (IMF) will help Pakistan achieve greater economic stability, Prime Minister Shehbaz Sharif said on Tuesday, amid discussions for a new loan programme. The funding was the second and final tranche of Pakistan's $3 billion standby arrangement with the IMF which it secured last summer to help avert a sovereign default. "The disbursement will bring more economic stability in Pakistan," Sharif said in a statement from his office, a...

April 28, 2024 2:46 PM

Global Leaders Gather in Riyadh for World Economic Forum Summit

Final preparations took place at the Ritz-Carlton in Riyadh ahead of the World Economic Forum (WEF) summit starting Sunday (April 28), where world leaders will convene for a special meeting on global collaboration, growth and energy for development. Over 1,000 leaders from around the world are attending the two-day event to discuss topics that will include "urgent challenges" in the geopolitical and economic environment, including ongoing geopolitical tensions in the Middle East, according ...