Saudi Arabia Financial News

Also Read | PNB share price Today Live Updates : PNB Stock Rises in Today's TradingAccording to various media reports, the Supreme Court of Saudi Arabia has called on all Muslims in the Kingdom to participate in the sighting of the crescent moon of the Arabic month Dhu Al Hijjah this evening.Also Read | Edtech firms must work out a code of conduct, says TV Mohandas PaiEid Al Adha falls on the 10th of Dhu Al Hijjah. If the moon is spotted on June 6, Dhu Al Hijjah will begin on June 7, with Arafah Day on June 15 (Dhu Al Hijjah 9) and Eid Al Adha on June 16 (Dhu Al Hijjah 10).If the moon is not spotted on June 6, Dhu Al Hijjah will begin on June 8.

Spurned by Schengen, Indians are being swayed this summer by the lure of liberal visas However, interest in travel is flourishing in other regions, leading to a shift in the balance of outbound travel, according to a report by McKinsey & Co titled 'The state of tourism and hospitality 2024'. The report said new groups of travellers are emerging in Eastern Europe, India and Southeast Asia, which have fast-growing pools of first-time tourists. Notably, around 27 million Indians travelled abroad in 2019, before the pandemic.

₹6,177 per barrel on the multi-commodity exchange (MCX).Also Read: OMCs to hold petrol, diesel prices in Q1FY25; dismal earnings eyed over revised margins: Kotak's Sumit Pokharna-US crude stocks jumped by 1.2 million barrels in the week to May 31, compared with analysts' estimates for a draw of 2.3 million barrels, according to data from the US Energy Information Administration (EIA). However, the build was below the American Petroleum Institute's reading of an increase of more than four million barrels.-Gasoline inventories rose by 2.1 million barrels versus expectations for an increase of two million barrels, adding to demand concerns as the week reflected fuel usage around the Memorial Day holiday, which is traditionally viewed as the start of the US summer driving season.-The price drop follows the recent policy verdict of the Organization of the Petroleum Exporting Countries and its allies (OPEC+).

The project aims to explore a multi-central bank digital currency (CBDC) platform shared among participating central banks and commercial banks, built on distributed ledger technology (DLT) to enable instant cross-border payments and settlement. It is the result of extensive collaboration starting in 2021 between the BIS Innovation Hub, the Bank of Thailand, the Central Bank of the United Arab Emirates, the Digital Currency Institute of the People's Bank of China and the Hong Kong Monetary Authority.

India doesn’t address concern over taxation, the chief of IATA warned on Tuesday.

Saudi Aramco’s generous dividends can only go so far in making up for an overpriced initial public offering. The Saudi Arabian national oil company will sell shares worth up to $12 billion in an offering this week. The Saudi government, which will still own more than 80% of Aramco at the end of the sale, will use the proceeds to fund the country’s cash-hungry Vision 2030 initiatives.

OPEC+ extended its production cuts as it seeks to bolster a fragile market, but also set a date to begin bringing some oil back online later this year.

Saudi Arabia and allied oil producing countries have extended their deep output cuts aimed at supporting slack prices

Mint.“We’re very bullish on India’s growth story. One of the biggest advancements I have seen is that infrastructure is improving and the economy is growing robust which has led to the emergence of innovative companies, especially in deeptech," Chaturvedi said.Hades—which is sector-agnostic—invests directly in companies and indirectly through fund managers.

OPEC+ on Sunday tentatively agreed to extend all production curbs through the end of the year in an attempt to shore up oil prices, delegates said, as top producers in the group inched toward a deal to cut output into 2025. The expected agreement comes on the same day the group’s kingpin, Saudi Arabia, launched a giant sale of shares in its national oil champion that will yield billions to help fund the kingdom’s economic transformation.

reassuring, but external debt is only one part of our external liabilities. For a full picture of what India owes to foreigners, it is more useful to track India’s international investment position (IIP), which shows the stock of international financial assets and liabilities at a point in time. On the assets side, IIP includes all foreign financial assets that Indians own, including international reserves held by the central bank.

Realme GT 6 could be launched in India, Italy, Indonesia, Spain, Thailand, Malaysia, Mexico, Philippines, Brazil, Poland, Turkey and Saudi Arabia next month.While Realme hasn't officially revealed the price or any other details of the Realme GT 6 smartphone, a look at the price specs of the Realme GT Neo 6 could give us an idea about the price of the upcoming smartphone in India. Realme GT 6 Neo was priced at CNY 2,099 (approximately ₹24,200) for the 12 GB RAM/256GB storage variant and CNY 2,399 (approximately ₹27,500) for the 16GB RAM/256GB storage variant.

Saudi Arabia says it will sell a second sliver of stock in its state oil giant Aramco worth billions of dollars, its first tranche since its initial public offering back in 2019

The United Nations over the last decade has logged an increasing number of crew members abandoned by shipowners around the world

energy minister paused at about 9 p.m. in front of some 1,000 people and told them it was bedtime for Amin Nasser, the chief executive of giant state-owned oil producer Saudi Aramco. He was not joking.

GT lineup. While official details from Realme are still limited, speculation suggests that the GT 6 may be a rebranded version of the GT Neo 6.

FTAs)," US Ambassador to India Eric M. Garcetti said in an interview. "But I do think that there's an openness in Washington to advance a discussion about preferential trade between our countries.

escort vehicle, part of the cavalcade of BJP's Kaiserganj Lok Sabha candidate Karan Bhushan Singh, on Wednesday rammed into a motorcycle in Gonda's Colonelganj area, killing two youths and injuring a lady. Singh is the son of Kaiserganj MP Brij Bhushan Sharan Singh, who is facing sexual harassment charges. The incident took place around 9 am near Huzurpur road crossing. The two youths — Rehan and Shehzad — were brought to the Colonelganj community health centre, where they were declared dead. The police took the vehicle, a Toyota Fortuner, into custody while the driver was arrested. According to their father, the two boys were going to get medicines. One of them had returned from Saudi Arabia. Following the accident, villagers gathered and protested against the accident, but were pacified by the police. A first information report was registered against the driver under sections 304A, 427, 279 and 184 of the Indian Penal Code.

India has recorded a trade deficit, the difference between imports and exports, with nine of its top 10 trading partners, including China, Russia, Singapore, and Korea, in 2023-24, according to official data. The data also showed that the deficit with China, Russia, Korea, and Hong Kong increased in the last fiscal compared to 2022-23, while the trade gap with the UAE, Saudi Arabia, Russia, Indonesia, and Iraq narrowed. The trade deficit with China rose to USD 85 billion, Russia to USD 57.2 billion, Korea to USD 14.71 billion and Hong Kong to USD 12.2 billion in 2023-24 against USD 83.2 billion, USD 43 billion, USD 14.57 billion and USD 8.38 billion, respectively, in 2022-23. China has emerged as India's largest trading partner with USD 118.4 billion of two-way commerce in 2023-24, edging past the US.

Hajj 2024: Saudi Arabia's government banned visit visa holders and tourists from performing the Hajj pilgrimage and entering Makkah from May 23 to June 21. To be allowed to perform the pilgrimage, a person must get a Saudi Hajj visa or obtain a Hajj permit."Visit visas of all types and names do not entitle their holder to perform Hajj, and instructions require obtaining a permit for that," Saudi Arabia's Ministry of Interior informed in a post on X.This means visit visas do not grant permission to perform Hajj.

India's electronics, pharma, engineering goods exports beat global trade slowdown during FY24 Meanwhile, RTE imports have grown marginally, from $304.96 million in FY2019 to $360.37 million in FY24. The FY24 figure marks a fall in imports of 13.6% from the previous fiscal year. “Reduction in imports indicates changing domestic consumption patterns, and increased local production," Srivastava said.