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  • USS Nimitz Carrier Strike Group joins 5th Fleet in Indian Ocean

    The Nimitz strike group replaces that of the USS Dwight D. Eisenhower, which will leave the Red Sea and head via the Suez Canal to the Mediterranean Sea after a six-month deployment in the area.

  • Coronavirus pushes Boeing to deepen local military MRO in Saudi Arabia and India

    Boeing foresees the economic impact from the coronavirus pandemic will increase governments’ interest in localising maintenance, repair and overhaul (MRO) work for military aircraft. The company also foresees shrinking government defence budgets, which might delay purchasing decisions.

  • Kuwait expat bill could force 800,000 Indians to leave Gulf country

    The bill, passed by Kuwait's National Assembly on Monday, states that Indians should not make up more than 15 percent of Kuwait's population. Currently, there are 1.45 million Indians that reside in the country, making up roughly 30 percent of the population. As a result, as many as 800,000 Indian nationals could be forced to leave the country once the law is implemented later this year.

  • India, China Begin Pulling Back Troops from Disputed Border

    In the first sign that India and China are deescalating tensions along their disputed border, both sides have agreed to a “disengagement process” and pulled back troops from the site of a clash that killed 20 Indian soldiers in mid June. However analysts warn that resolving differences that have flared at different contested zones in the Himalayan ranges still pose a massive challenge and even though the eyeball-to-eyeball confrontation between their troops may end, the massive military deployment by the Asian rivals could continue.

  • India China border: At least three soldiers killed in clashes in the Aksai Chin-Ladakh area

    Three Indian soldiers were killed during a "violent face-off" with Chinese troops along the countries' de facto border in the Himalayas late Monday, the Indian army said in a statement. The incident occurred during a "deescalation process" underway in the Galwan Valley in the disputed Aksai Chin-Ladakh area, where a large troop build up has reportedly been taking place for weeks now on both sides of the border, before senior military commanders began talks earlier this month.

  • Saudi wealth fund PIF close to investing $1.5b in India’s Jio: Report

    Jio Platforms is a wholly-owned unit of Reliance Industries Limited (RIL) and owns the group’s digital businesses including Jio, Jio Pay and Jio Mart. Reliance has so far sold over 22 per cent of Jio Platforms to different investors including Facebook Inc, global investment firm TPG, private equity firm L Catterton and Silver Lake, securing $13.72 billion in the past eight weeks.

  • Indian refiners add to concerns over Saudi crude prices

    Saudi Arabia is India's second-largest crude supplier behind Iraq. The Middle East accounts for around 60pc of India's crude imports, which fell by around 12pc from a year earlier to 4.2mn b/d in April, according to the most recent government figures.

  • Middle East Oil Still a Favorite for India’s Biggest Refiner

    India’s biggest refiner is sticking to Middle Eastern oil as suppliers offer deep discounts, suggesting rival producers may have a harder time making inroads in the world’s third-largest crude importer. Gulf producers such as Iraq and Saudi Arabia -- which together supplied around 40% of India’s oil imports in 2019 -- have been offering cargoes at very attractive prices recently, said Sanjiv Singh, chairman and managing director of Indian Oil Corp.. Marketers SOMO and Aramco offered Asian buyers crude at the steepest discounts in more than a decade last month amid the price war.

  • Saudi energy firm Alfanar to sell 300MW India wind power plants

    Riyadh-based Alfanar Group has a clean energy portfolio of 1.4 gigawatts (GW) in West Asia, Africa, Europe and Asia. In India, Alfanar has a wind project portfolio of around 600MW that it won in auctions conducted by state-run Solar Energy Corp. of India (SECI).

  • Saudi Salic acquires 29.81 per cent in India’s Agri Business Fund

    The acquisition is in line with the Saudi investment company’s strategy to invest in rice, the aim being to strengthen the rice supply chain and make it more efficient and robust.