Saudi Aramco IPO lists RIL investment, expansion in India
Business | November 11, 2019 14:56 ISTIn the 658 page prospectus launched on Sunday, Saudi Aramco highlighted its proposed investments in RIL in the column for proposed acquisitions.
In the 658 page prospectus launched on Sunday, Saudi Aramco highlighted its proposed investments in RIL in the column for proposed acquisitions.
Saudi Aramco is the most profitable company globally, producing more than 10 million barrels of crude oil a day, or some 10% of global demand.
More than 2,400 Pakistani prisoners, languishing in jails of Saudi Arabia and the United Arab Emirates (UAE), have been released during the last one year, a media report said.
Speaking at Saudi Arabia's annual investment forum, Prime Minister Modi promised stable, predictable and transparent policy regime to catalyse foreign investments.
Billionaire Mukesh Ambani on Tuesday said the slowdown in the Indian economy is temporary and the recent measures taken by the government will help reverse the trend in the coming quarters.
The three-day Future Investment Initiative, as the forum is officially known, will host financiers, governments, and industry leaders who would discuss global trade and explore the trends, opportunities and challenges shaping the global investment landscape over the coming decades.
Modi, who reached Riyadh on Monday night on a two-day official trip, described the nation as a "valued friend" of India in a tweet earlier. This is his second visit to the Kingdom in three years.
The 3-day visit that starts Tuesday will have a special focus on trade and finance. PM Modi will host industry leaders and financiers who would discuss global trade and explore the trends, opportunities and challenges shaping the global investment landscape over the coming decades.
Prime Minister Narendra Modi, his Pakistani counterpart Imran Khan and several other world leaders will attend the third edition of Saudi Arabia's high-profile annual financial conference beginning on Tuesday, which is aimed at wooing foreign investors to help the Gulf Kingdom diversify its oil-based economy.
In another major move, the Saudi cabinet has also cancelled its fee for repeating the Umrah pilgrimage.
Modi will attend the third edition of the Future Investment Initiative (FII), an annual investment forum being held on October 29-31.
According to the local media, the passengers onboard the bus included Asian and Arabic nationals.
Pompeo said the Iranian regime should either "change its behaviour" or "watch its economy collapse".
The Council of Ministers on Tuesday reemphasized the Kingdoms readiness to meet the world oil needs as the most reliable, safe and independent oil exporter of the world. Custodian of the Two Holy Mosques King Salman chaired the weekly session of the Cabinet at Al-Yamamah Palace in Riyadh, the Saudi Gazette reported.
Before visiting the UNGA, Imran Khan had gone to Saudi Arabia and wanted to fly America in a corporate plane. But Salman provides him own special plane.
Earlier last week, the country allowed foreign tourists from 49 countries, in an attempt to diversify its economy away from oil exports. Alcohol, however, still remains banned in Saudi Arabia.
Interestingly, both the UAE and Saudi Arabia have played a much more neutral role, despite a statement by the Kashmir contact group of the Organisation of Islamic Cooperation.
“This was a heinous crime,” Prince Mohammed, 34, told “60 Minutes” in an interview that aired Sunday. “But I take full responsibility as a leader in Saudi Arabia, especially since it was committed by individuals working for the Saudi government.”
Mohammed bin Salman said a war between Saudi Arabia and Iran would ruin the global economy, following an attack on its oil facilities two weeks ago which it blames on Tehran.
There were no fatalities in the blaze, but train services has been suspended for the safety of the passengers, officials said.
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