Saudi Arabia will have to face consequences for Oil Output cut – US President Joe Biden

Saudi Arabia will have to face consequences for Oil Output cut – US President Joe Biden

Washington: US President Joe Biden has threatened that Saudi Arabia and other OPEC-plus member countries will suffer the enormous consequences of Saudi Arabia’s decision to cut global fuel production along with Russia. The United States is giving indications that this threat is not empty. The White House informed that the Biden administration is reconsidering the […]

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US criticises OPEC on the issue of Oil Cuts – Saudi Arabia & UAE demand US withdrawal of deployment

US criticises OPEC on the issue of Oil Cuts – Saudi Arabia & UAE demand US withdrawal of deployment

Washington: Last week, OPEC plus, a group comprising the world’s leading fuel-producing countries, decided to cut daily crude oil production by two million barrels. This has evoked a strong reaction from the US. The US Treasury Secretary Janet Yellen criticised OPEC’s decision as wrong and inappropriate. Besides, members of Congress from the ruling Democratic Party […]

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Crown Prince Mohammad bin Salman becomes Prime Minister of Saudi Arabia

Crown Prince Mohammad bin Salman becomes Prime Minister of Saudi Arabia

Riyadh: Saudi Arabia’s King Salman bin Abdulaziz Al Saud declared Crown Prince Mohammed bin Salman as the country’s new prime minister. All the sources of Saudi are, thus, already focused on Crown Prince Mohammed. In such a situation, there are indications that Prince Mohammed bin Salman is preparing to take a unique turn in Saudi’s […]

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Germany facing energy shortage due to Ukraine conflict, looks for energy cooperation with Saudi and UAE

Germany facing energy shortage due to Ukraine conflict, looks for energy cooperation with Saudi and UAE

Berlin: Germany is on the brink of recession as Russia restrains its energy supply. Germany is now looking at Saudi and UAE to establish cooperation to overcome dependency on Russia. Last week, the German chancellor, Olaf Scholz, urgently visited the Middle East. He signed an important agreement with the UAE and initiated a discussion to […]

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India and Saudi Arabia discuss Rupee-Riyal trade

India and Saudi Arabia discuss Rupee-Riyal trade

New Delhi: Discussions were held between the two countries on trading in India’s rupee and Saudi Arabia’s Riyal. Along with this, India’s Ministry of Commerce informed that the commerce ministers of both countries also discussed using India’s payment systems ‘UPI’ and ‘RuPay Card’ in Saudi Arabia. If the ongoing talks with Saudi Arabia, a leading […]

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India-Saudi strategic cooperation guarantees stability and development – Indian MEA S. Jaishankar

India-Saudi strategic cooperation guarantees stability and development – Indian MEA S. Jaishankar

Riyadh: Indian External Affairs Minister S Jaishankar asserted that strategic cooperation between India and Saudi Arabia is a matter that guarantees mutual expansion, prosperity, stability, security and development. Jaishankar is on a three-day visit to Saudi Arabia. During this visit, the Indian Foreign Minister signed a memorandum of understanding with the ‘Gulf Cooperation Council-GCC’, the […]

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