India’s long history of relations with the Arabian peninsula has emerged as the X-factor in robust trade and commercial ties, some of which have withstood for centuries. A fresh, sustainable path which is full of expectation and promise is now being created to usher in a new era of bonding.
Strong economic partnerships and long-lasting people-to-people bonds have provided a solid platform for bilateral relations between India and Saudi Arabia. A glaring testimony of this strong connection is that Saudi Arabia offers a home away from home to a population of 2.6 million Indian expatriates.
The Indian Prime Minister’s proactive outreach to Saudi Arabia and the United Arab Emirates has opened up many new opportunities, worth billions of dollars from the Arab world, thanks to graduation from purely transactional alliances to a convergence of economic, strategic and military interests.
The development comes at a time when Pakistan faces a challenging situation as its IMF programme also remains technically suspended.
In case the deal gets finalised, Jio Platforms would be diluting 25 per cent of its equity.
An Oil & Gas expert analyses how the US's strike on Iranian general Qasem Soleimani will affect India's oil sector. Highlights: The US Drone strike on a serving Iranian general led to a surge of global oil prices and growing tension between the two countries. No confirmation on US-China trade deal and no direct attacks on the oil production and processing facility from Iran since then have cooled the oil prices. India has started importing more crude from Iraq and [...]
As the Donald Trump administration’s deadline for Iran sanctions beckons, India must find alternatives for its crude oil needs fast. In the last few months, there have been hectic parleys in the diplomatic channels between India and Saudi Arabia. The topic is an obvious one — crude oil. The decision by the Trump administration in the US to unilaterally withdraw from the Iran nuclear deal of 2015 in May earlier this year and re-impose sanctions on Tehran, and any country [...]