How Saudi Arabia is reopening the Incense Road

How Saudi Arabia is reopening the Incense Road

They had called it a ‘vast open-air library’ before we got there. But that hadn’t quite prepared me for the sight of thousands of inscriptions carved into the sandstone surfaces of mountainsides in Jabal Ikmah, in Saudi Arabia’s AlUla region. Names of kings and traders, their official proclamations and records of transactions, notes on rituals […]

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OPEC+ producers announce voluntary oil output cuts from May to end of 2023

OPEC+ producers announce voluntary oil output cuts from May to end of 2023

Representational image of the OPEC+ logo pictured ahead of an informal meeting between members of the Organization of the Petroleum Exporting Countries (OPEC) in Algiers, Algeria | Photo Credit: Reuters Saudi Arabia and other OPEC+ oil producers on Sunday announced further cuts in their production amounting to around 1.16 million barrels per day in a […]

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Saudi Arabia launches EV brand in collaboration with Foxconn

Saudi Arabia launches EV brand in collaboration with Foxconn

Saudi Arabian crown prince Mohammed bin Salman announced the launch of Ceer, the country’s first electric vehicle brand on Thursday. Ceer will be a joint venture between Saudi Arabia’s Public Investment Fund (PIF) and Taiwanese electronics company Foxconn. The joint venture company will license vehicle component technology from BMW for developing vehicles. These vehicles will […]

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First auction of pesticide-free cardamom to be held today

First auction of pesticide-free cardamom to be held today

Move follows stricter norms put in place by importers such as Saudi Arabia on quality and food safety. Recently Qatar rejected 1,500 kg of cardamom from Kerala citing pesticide presence. Move follows stricter norms put in place by importers such as Saudi Arabia on quality and food safety. Recently Qatar rejected 1,500 kg of cardamom […]

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Explained | Why has OPEC+ cut oil production? How will it affect India and the world?

Explained | Why has OPEC+ cut oil production? How will it affect India and the world?

What is OPEC+? Why have they slashed oil output? What is its effect on India and global relations? What is OPEC+? Why have they slashed oil output? What is its effect on India and global relations? The story so far: On October 4, the Organization of Petroleum Exporting Countries (OPEC) and its allies, known as […]

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Saudi Arabia overtakes Russia to be India’s No. 2 oil supplier in August

Saudi Arabia overtakes Russia to be India’s No. 2 oil supplier in August

Saudi Arabia emerged as the second-biggest oil supplier to India after a three-month gap, overtaking Russia by a thin margin, while Iraq retained the top spot in August, data from industry and trade sources showed. India, the world’s third biggest oil importer and consumer, shipped in 8,63,950 barrels per day (bpd) of crude from Saudi […]

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PM Modi renews invitation to Saudi Crown Prince Mohammed to visit India

PM Modi renews invitation to Saudi Crown Prince Mohammed to visit India

External Affairs Minister S. Jaishankar met the Saudi Crown Prince in Jeddah on Sunday and handed over a written message from Prime Minister Modi External Affairs Minister S. Jaishankar met the Saudi Crown Prince in Jeddah on Sunday and handed over a written message from Prime Minister Modi Ahead of the National Day of Saudi […]

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India’s future crude oil supplies will mostly come from Gulf: Oil Minister

India’s future crude oil supplies will mostly come from Gulf: Oil Minister

Saudi Arabia stayed at the No. 3 spot among India’s suppliers Saudi Arabia stayed at the No. 3 spot among India’s suppliers India’s Minister of Petroleum and Natural Gas Hardeep Singh Puri said most of his country’s crude oil supplies in the near future will come from the Gulf countries, including Saudi Arabia and Iraq, […]

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U.S. raised concerns to Saudi Arabia over activist’s sentencing

U.S. raised concerns to Saudi Arabia over activist’s sentencing

“We have made the point to them that freedom of expression is a universal human right to which all people are entitled,” Mr. Price said, adding that it should “never be criminalized or punished.” “We have made the point to them that freedom of expression is a universal human right to which all people are […]

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IMF money to arrive in Pakistan by August-end: report

IMF money to arrive in Pakistan by August-end: report

The development follows the completion of the $4 billion in bilateral financing from four friendly nations, including China and Saudi Arabi The development follows the completion of the $4 billion in bilateral financing from four friendly nations, including China and Saudi Arabi The IMF’s executive board will meet on August 29 to approve a bailout […]

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