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.
Saudi Arabia announces discovery of new oil, gas fields
Riyadh/Xinhua: Saudi Energy Minister Abdulaziz bin Salman Al Saud announced on Sunday the discovery of two oil and gas fields in the kingdom, the Saudi Press Agency reported.
Saudi Arabia’s oil export drops by 21.9 percent in Q1 2020
Riyadh/Sputnik: Saudi Arabia’s oil export has fallen by 21.9 percent, or some $11 million, in the first quarter of 2020, the country’s General Authority for Statistics said on Monday.
Arun Jaitely leaves tonight on a two day official visit to the Kingdom of Saudi Arabia
New Delhi, Feb 17 (IBNS): Union Minister of Finance and Corporate Affairs Arun Jaitely will be leaving tonight on a two-day official visit to the Kingdom of Saudi Arabia to co-chair the 12th India-Saudi Arabia Joint Commission Meeting (JCM) on Feb 18 and 19.
Barcelona, Feb 28 (IBNS): At Mobile World Congress, Saudi Telecom Company (STC) and Cisco announced that they have signed a three-year managed services agreement to transform STC’s core network and operations, and prepare it for the digital era.