Virgin Group founder Richard Branson suspended discussions with Saudia Arabia about a proposed $1 billion investment in Virgin’s space companies following allegations that journalist Jamal Khashoggi was murdered in the country’s consulate in Istanbul. “What has reportedly happened in Turkey around the disappearance of journalist Jamal Khashoggi, if proved true, ... Read More »

RIYADH, SAUDI ARABIA:  A seven-fold hike in visa fees to do business in Saudi Arabia risks deterring the foreign investment needed to transform its oil-dependent economy, diplomats and other sources say. But a senior Saudi business leader has dismissed such concerns, insisting the country’s most sought-after business partners could easily ... Read More »

The price of oil jumped after Russia and Saudi Arabia agreed to discuss ways to stabilise the oil market. The announcement was made by the countries’ energy ministers, Alexander Novak and Khalid al-Falih. The price of Brent crude initially jumped by 5% but then fell to to stand 1.6% higher ... Read More »

Minister of State for External Affairs V K Singh will leave for Saudi Arabia soon to assess the severity of the food crisis faced by nearly 10,000 Indians rendered jobless and will explore their possible return, with Saudi authorities assuring assistance. Singh will travel to the Gulf nation in the ... Read More »

Joint efforts needed to make certain balance within the global oil marketplace were reviewed amongSaudi and U.S. officers, the Saudi authorities‘s press company said. Saudi Deputy Crown Prince Mohammed bin Salman is in Washington this week to meet with officers ranging from residence Speaker Paul Ryan, President Barack Obama and ... Read More »

When President Barack Obama arrives in the Saudi capital on Wednesday, he’ll face an increasingly assertive leadership still heavily dependent on U.S. weapons and military might that nonetheless has little trust in him and essentially believes it’s been thrown a curveball. The president is expected to push Saudi Arabia, the ... Read More »

DUBAI – Saudi Arabia will announce on April 25 a comprehensive plan to prepare the kingdom for an era in which it does not rely heavily on oil, Bloomberg quoted deputy crown prince Mohammed bin Salman as saying. The “Vision for the Kingdom of Saudi Arabia” will include developmental, economic, social ... Read More »

Prime Minister Narendra Modi arrived in Riyadh on Saturday on his maiden two-day visit to the oil-rich Saudi kingdom as both countries are set to firm up a raft of pacts to bolster their strategic partnership besides exploring ways to enhance security and counter-terror cooperation. Combating threat of terrorism and ... Read More »