saudi arabia

 

OPEC, allies aim to cooperate beyond 2018: UAE energy minister

Feb 20 2018

UAE Energy Minister said that OPEC and non-OPEC oil producers will continue their cooperation beyond 2018 to help avoid any future oil glut or shortage.

Jaitley meets Saudi King; discusses ways to boost ties

Feb 19 2018

Jaitley met Saudi King Salman and discussed with him ways to boost bilateral economic and trade cooperation.

For timing of Aramco IPO, watch forward oil price curve

Feb 19 2018

Industry experts are focusing on the current level of oil prices. However another key consideration for Saudi officials in floating up to 5 % of the state oil producer.

Jaitley to embark on two-day Saudi Arabia visit on Saturday night

Feb 17 2018

Jaitely would be leaving Saturday night on a two-day official visit to Saudi Arabia to co-chair the 12th India-Saudi Arabia Joint Commission Meeting.

Oil extends gains on Saudi commitment to cut, weak dollar

Feb 15 2018

Oil prices extended gains from the previous session, pushed up by a weak dollar and by comments from Saudi Arabia that it would rather see an undersupplied market.

United Arab Emirates banks eye end to $22 billion Saudi debt saga

Feb 13 2018

Banks in the UAE are hopeful of recovering some funds in 2018 from the multibillion-dollar collapse of Saudi Arabia’s Saad Group and Ahmad Hamad al-Gosaibi & Bros Co.

Italy’s SACE plans to back $1.6 bn in debt to Saudi Arabia: CEO

Feb 12 2018

Italy’s export credit agency SACE plans to back $1.6 billion in loans to Saudi Arabia over the next 12 to 18 months, the agency’s chief told Reuters.

Navy chief visited Saudi this week, focus on deepening defence ties

Feb 09 2018

Navy Chief visited Saudi Arabia from February 4-8 and held extensive talks with its top defence brass to further consolidate cooperation between the armed forces.

Israel hopeful about Saudi overflights for airliners to Tel Aviv

Feb 09 2018

Israeli cabinet minister voiced hope that Saudi Arabia would allow Air India to fly to and from Tel Aviv through Saudi airspace, a prospect so far played down by Riyadh.

2.1 million Indians visited Dubai in 2017: Official data

Feb 08 2018

A record 2.1 mn Indians visited Dubai in 2017, marking a 15% increase in the number of travellers from India, according to official figures.

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Global Markets

 

Stocks In News

 

KEC INTERNATIONAL

Promoter Instant Holdings bought over 1% stake, or 28 lk skares, in co for Rs 111 Cr

Shares acquired at average price of Rs 395.95

By Dec 2017, Instant Holdings held 1.80 cr shares, or 7.01% stake, in Co

Mint Reports

TYRE STOCKS IN FOCUS

Automotive Tyre Mfg Association says shortage of carbon black may shutdown plants

Demand supply gap has gone up to 20% in FY18

Financial Express Reports

HEG, GRAPHITE INDIA

Centre urges graphite electrode mfg cos to cut local prices

Also signaled possibility of introduction of an export tax

Graphite electrodes are used to melt scrap to produce new steel

Financial Express Reports

SUN PHARMA

Arm Buys 4.84% More Stake In Ranbaxy Malaysia For 1.66 Mn Ringgit

INDIA GRID TRUST

Acquires 46% stake in PTCL with a total Enterprise Value of Rs 232 Cr

Acquisition indicated to be completed by Q1 FY19

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