Why Saudi Arabia banks on tourism to turn a service economy
With an ambitious target set for the year 2030, Saudi Arabia aims to bring in 150 million visitors in the next 6 years, with an eye on at least 7.5 million visitors from India
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Russian crude absorbs India's boiling inflation
CPI declined to 6.77% in October from 7.41% in September when Russia topped the chart of India's oil suppliers.
Future megacity or dystopian idea? A sneak peek into Saudi Prince’s NEOM project
No roads, no cars, flying cabs, parks, schools, forests and more – Saudi Arabia’s AI-powered fully renewable urban architecture marvel defies everything that traditional infrastructure offers
US overtakes UAE to become top remittance source for India
The US surpassed the UAE as the top source country, accounting for 23% of total remittances in the financial year 2020-21, finds RBI survey.
Saudi Aramco to invest in RIL’s solar, specialty chemicals biz
The new energy and materials business of RIL is said to be integrally linked to Aramco’s 2035 net carbon zero goals.
Saudi fund invests $1.3 bn in Ambani’s retail business
The Public Investment Fund of Saudi Arabia is picking up a 2.04% stake in Mukesh Ambani’s Reliance Retail Ventures. This after it invested $1.5 billion in a sister company, Jio Platforms.
Markets tank on oil futures crash
Both the BSE Sensex and Nifty 50 plunge nearly 4% intraday as fear grips equity markets after the historic collapse of U.S. crude oil prices on Monday.
‘Covid-19 hangs over the future, like a spectre’
While directly mum on inflation and growth, the RBI’s latest monetary policy report warns that Covid-19 would impact economic activity in India through lockdowns and slowing global trade and growth.
