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  • Saudi Arabia’s Hades Financial readies $750m for India investment

    The Riyadh-based group, which manages assets worth $6.1 billion, will deploy the new funds over the next three years. About $400 million from the new allocation will flow into homegrown companies, mostly those ripe for a public flotation within three years, said Mohammed Abrar Asif, co-chief executive officer at Hades, in a recent interview with Nikkei Asia.

  • Saudi Leadership Congratulates India on Independence Day

    India will mark its 75th year of independence on Monday. The Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud, and Crown Prince and Prime Minister, Prince Mohammed bin Salman bin Abdulaziz Al Saud, sent separate cables congratulating Indian President Droupadi Murmu on the anniversary of her country's Independence Day.

  • The Country with the Highest Indian Population in the World

    India has the highest population in the world, which currently stands at around 1.43 billion, followed by China at 1.41 billion. Considering the Indian population, it is no surprise that it is the leading country with the highest rates of emigration. According to the UN, the total number of emigrants from India was around 78.26 million between 1990 and 2020. According to India’s Ministry of Foreign Affairs, the total number of overseas Indians in the world is approximately 35.42 million, as of May 2024. This number includes a total of 15.85 million non-resident Indians and nearly 19.57 million people are of Indian origin.

  • India Saudi Arabia hold first meeting of High-Level Task Force on Investments

    India and Saudi Arabia on Sunday discussed various opportunities for bilateral investments in diverse areas in the public and private sectors, including refining and petrochemical plants, new and renewable energy, and power.  They reviewed measures aimed at promoting two-way investments in a mutually beneficial manner at the first meeting of the India-Saudi Arabia High-Level Task Force on Investments, co-chaired by the Principal Secretary to the Prime Minister PK Mishra and the Saudi Energy Minister Prince Abdulaziz bin Salman bin Abdulaziz Al Saud in the virtual mode.

  • June this year hotter than 2023 after extreme heat and rain in Saudi Arabia, India

    Last month was the hottest June on record across the globe, the EU's climate monitor said on Monday, capping half a year of wild and destructive weather from floods to heatwaves. Every month since June 2023 has eclipsed its own temperature record in a 13-month streak of unprecedented global heat, the Copernicus Climate Change Service (C3S) said.

  • India and Iran Move Forward on Long-Delayed Chabahar Port Project

    On May 13, India signed a 10-year agreement with Iran to develop and operate the Shahid Beheshti terminal of Iran’s strategic Chabahar port. The new agreement follows a previously promised Indian investment in 2016 of a potential $500 million. It comes after multiple failures to fully implement a previous deal concluded in May 2016 to develop two terminals and five berths at Chabahar port to transport goods and gas from Central Asia to India and handle other international cargo.

  • Indian and Middle Eastern Carriers Boost Connectivity to Tap India’s Outbound Potential

    In an interview with Skift, low-cost carrier Akasa Air’s co-founder Praveen Iyer said that while expanding internationally, the airline received flying rights to Qatar, Saudi Arabia, and Kuwait. “Each of these countries are constrained for capacity, and are therefore interesting markets,” he said, adding that the traffic flows between India and the Middle East will only grow with each passing year.

  • Embraer sees India, Saudi Arabia, EU, US as strategic defense markets

    Brazilian planemaker Embraer (EMBR3.SA), opens new tab sees India, Saudi Arabia, the European Union and the United States as strategic markets for its defense unit as it looks to expand sales of the C-390 Millennium, the head of Embraer Defense said on Tuesday.
    India has an open tender to buy military planes while Saudi Arabia, looking to replace an aging fleet of Lockheed Martin's C-130 Hercules, is currently in "early engagement" with Embraer, Bosco da Costa Junior told reporters at an event.

  • UAE to attract 6,700 new millionaires this year with Golden Visas and zero-income tax as rich Indians, Brits and Africans plan moves

    The UAE will attract more new millionaires this year than any other country, according to the Henley Private Wealth Migration Report 2024. Millionaires from the UK, India and Africa re being lured by a combination of golden visas, low tax, enviable lifestyle and a strategic location, said the report.
    For the third year running, the UAE looks set to take first place as the world’s leading wealth magnet, with a record-breaking 6,700 moneyed migrants expected to make the Emirates home by the end of the year.

  • India’s oil imports from Russia drops 19% in February, Saudi Arabia 2nd largest supplier

    The month-on-month decline in imports from Russia comes amid lower discounts offered by Russia. Russia has been the largest source of crude for India since its invasion of Ukraine in February 2022 sparked western sanctions, prompting it offer deep discounts.