Modi’s Arabian clinch paying rich dividends
Saudi Arabia, the UAE and other Arab countries have emerged as key Indian strategic and economic partners because of strong synergies in their world views and a shared abhorrence of terrorism. The India-Saudi Arabia hug is about to acquire $15 billion worth of substance. Saudi Aramco, the world’s most profitable company, will invest $15 billion to buy a 20 per cent stake in the oil refining and petrochemicals business of Reliance Industries, India’s largest private sector company, Reliance Chairman & [...]