Union Minister of Commerce and Industry Piyush Goyal successfully concluded his visit to Saudi Arabia during which he participated in the Plenary Session of the 8th Edition of Future Investment Initiative (FII).
Atlanta/IBNS: Delta Air Lines, one of the major airlines of the United States, and Riyadh Air, a planned second flag carrier of Saudi Arabia, have signed a Strategic Cooperation Memorandum of Understanding with the goal of introducing a broad range of benefits for customers travelling between North America, Saudi Arabia and destinations beyond.
L&T bags $4 billion contracts from Saudi Aramco for gas projects
Riyadh: India's largest infrastructure firm L&T has secured contracts exceeding $4 billion from Saudi Aramco for the expansion of its gas projects.
Saudi Arabia to launch Aramco share sale this Sunday to raise $10 bn: Report
Riyadh: Saudi Arabia is set to officially launch a secondary offering of shares in the oil giant Saudi Aramco, to raise over $10 billion, as early as Sunday, according to sources familiar with the matter, reported Bloomberg.
L&T construction wins orders for power transmission & distribution business
Mumbai: Larsen & Toubro (L&T), an engineering major, said on Wednesday that its Power Transmission & Distribution (PT&D) business has won multiple orders in India and the Middle East.
Vedanta Group sets up new unit in Saudi Arabia for copper business
Mining multinational Vedanta group has expanded its business with Malco Energy Ltd, its subsidiary, setting up a new establishment in Saudi Arabia for copper business for SAR (Saudi riyal) 1,00,000, media reports said.
Saudi Arabia eyeing a major share in lucrative Indian Premier League: Report
New Delhi: Saudi Arabia is interested in buying a significant stake in the Indian Premier League (IPL), a highly profitable international cricket event, Bloomberg reported.
Mumbai: Honeywell on Thursday announced that Saudi Arabia-based appliance manufacturer Al-Essa Industrial Company has adopted Honeywell Solstice Liquid Blowing Agent (LBA) for use in the insulation of its products, a press release said on Thursday.
Aramco's net income rises 46.5 pct YoY to USD 161.1 billion
Dhahran: Saudi Arabian oil major Aramco on Saturday announced its full-year 2022 financial results, reporting a record net income of $161.1 billion — its highest annual profits as a listed company.
Cheap Russian crude likely to pose tough competition to Saudi Arabia in India
New Delhi: Russia and Saudi Arabia could be soon locked in a battle over securing a bigger share of India's crude import market, with Moscow offering a cheaper alternative to one of the world's biggest importers.
Saudi Aramco more than doubles profit in 2021: Report
Saudi Arabia's Aramco reported that its annual net profit has more than doubled for 2021 due to higher oil prices, and it aims to significantly increase capital expenditure (capex) this year, media reports said.
Riyadh/IBNS: A new agreement between the Ministry of Culture and Cirque du Soleil Entertainment Group has paved the way for the renowned organization to bring some of its top shows and award-winning performances to Saudi Arabia.
Larsen & Toubro begins constructing the 300MW Solar Plant in Saudi Arabia
New Delhi: The Renewables arm of Larsen & Toubro’s Power Transmission & Distribution Business has secured the go-ahed to begin constructing the 300MW Jeddah Solar PV Power Plant.
Saudi sovereign fund PIF invests Rs 9,555 cr for 2.04% stake in Reliance Retail Ventures Ltd
Mumbai/IBNS: Mukesh Ambani led Reliance Industries Ltd on Thursday announced that Saudi Arabia's sovereign Public Investment Fund (PIF) will invest Rs 9,555 crore (approximately $1.3 billion) for an equity stake of 2.04% in Reliance Retail Ventures Limited (RRVL).
WTTC appreciates Indian government’s support to travel and tourism industry in this pandemic crisis
London/IBNS: The World Travel & Tourism Council (WTTC) acknowledged India’s support to the travel and tourism industry by working with the private sector in the face of the pandemic crisis at the recently held G20 Tourism Ministers meeting in Saudi Arabia.