Saudi Investment Plans

Elon Musk on Friday denied a media report that claimed investors from the United Arab Emirates and Saudi Arabia were planning on a multi-billion dollar investment in SpaceX. A report had claimed that the firm's next funding round was expected to value the rocket maker at about $140 billion (roughly Rs. 11,54,384 crore).

Airtel and Meta on Monday announced a collaboration to invest in telecom infrastructure for India to cater to the increasing demand in the country for high-speed internet and digital services. The telecoms provider will partner with Meta and Saudi Telecom Company to extend 2Africa Pearls, the world's longest subsea cable system, to India.

Elon Musk's new Twitter investors include Saudi Prince Alwaleed bin Talal, former CEO Jack Dorsey, and the Qatar Investment Authority, according to regulatory filings. The Saudi Prince was quick to endorse Musk's plan to acquire Twitter, saying in May that Musk would be "an excellent leader" for the social media company, while Dorsey lamented in Ap...

Saudi Arabia's latest economic plan comes with a big risk: while it might help boost investment, it could also hit the government's finances.

Saudi Arabia, the world's largest oil exporter, on Sunday said its investment plans in India are on track, noting that the Indian economy has the strength to recover from the adverse impact of the coronavirus crisis.

When naming his telecom foray in 2016, Mukesh Ambani chose the mirror image of OIL, the commodity that has made him India's richest man. In hindsight, Jio was a good choice. The week that oil prices turned negative, the refining tycoon won a $5.7 billion investment from Facebook Inc. for his digital assets, Jio Platforms Ltd. Like his wordplay, the...

Mr Ambani is restructuring Reliance Industries to facilitate the planned strategic investments in group businesses - Reliance Jio, Reliance Retail, refining and petrochemicals. The conglomerate aims to be a zero net debt company in 18 months and is in discussion to sell 20 per cent oil-to-chemicals business to Saudi Aramco, at an enterprise value o...

State-owned Aramco, the world's biggest oil producer, plans to boost investment in refining and petrochemicals

Prime Minister Narendra Modi held bilateral talks with Crown Prince of Saudi Arabia Mohammed bin Salman today, and focused on deepening strategic ties. The two leaders discussed enhancing cooperation in trade and investment, energy security, and counter-terrorism with the "invaluable strategic partner" in Osaka.

Reliance Industries, controlled by Asia's richest man Mukesh Ambani, plans to expand the capacity to 2 million bpd by 2030, according to plans shared with the government.

Opposition from farmers has prompted Maharashtra to move the location for what would be the country's biggest oil refinery, Chief Minister Devendra Fadnavis said.

Saudi Arabia on Monday launched an ambitious programme which it hopes will attract $427 billion in investments in the industrial and logistics sectors, as the OPEC kingpin bids to reduce dependence on oil.

Saudi Crown Prince Mohammed bin Salman met Prime Minister Narendra Modi and told him about plans to scale up investments in tech, farm and energy sectors of India.

A string of high-profile finance executives followed technology and media leaders in pulling out of a Saudi investment conference scheduled for late this month, potentially risking a lucrative role in the kingdom's plans for a historic opening of its economy.

When he hosted last October's glittering global investment conference in Saudi Arabia, Crown Prince Mohammed bin Salman had the world at his fingertips. Thousands of investors, corporate chieftains and government leaders flocked to the kingdom to hear the charismatic young heir to the Saudi throne outline his plans for modernization of the reclusiv...

Elon Musk on Friday denied a media report that claimed investors from the United Arab Emirates and Saudi Arabia were planning on a multi-billion dollar investment in SpaceX. A report had claimed that the firm's next funding round was expected to value the rocket maker at about $140 billion (roughly Rs. 11,54,384 crore).

Airtel and Meta on Monday announced a collaboration to invest in telecom infrastructure for India to cater to the increasing demand in the country for high-speed internet and digital services. The telecoms provider will partner with Meta and Saudi Telecom Company to extend 2Africa Pearls, the world's longest subsea cable system, to India.

Elon Musk's new Twitter investors include Saudi Prince Alwaleed bin Talal, former CEO Jack Dorsey, and the Qatar Investment Authority, according to regulatory filings. The Saudi Prince was quick to endorse Musk's plan to acquire Twitter, saying in May that Musk would be "an excellent leader" for the social media company, while Dorsey lamented in Ap...

Saudi Arabia's latest economic plan comes with a big risk: while it might help boost investment, it could also hit the government's finances.

Saudi Arabia, the world's largest oil exporter, on Sunday said its investment plans in India are on track, noting that the Indian economy has the strength to recover from the adverse impact of the coronavirus crisis.

When naming his telecom foray in 2016, Mukesh Ambani chose the mirror image of OIL, the commodity that has made him India's richest man. In hindsight, Jio was a good choice. The week that oil prices turned negative, the refining tycoon won a $5.7 billion investment from Facebook Inc. for his digital assets, Jio Platforms Ltd. Like his wordplay, the...

Mr Ambani is restructuring Reliance Industries to facilitate the planned strategic investments in group businesses - Reliance Jio, Reliance Retail, refining and petrochemicals. The conglomerate aims to be a zero net debt company in 18 months and is in discussion to sell 20 per cent oil-to-chemicals business to Saudi Aramco, at an enterprise value o...

State-owned Aramco, the world's biggest oil producer, plans to boost investment in refining and petrochemicals

Prime Minister Narendra Modi held bilateral talks with Crown Prince of Saudi Arabia Mohammed bin Salman today, and focused on deepening strategic ties. The two leaders discussed enhancing cooperation in trade and investment, energy security, and counter-terrorism with the "invaluable strategic partner" in Osaka.

Reliance Industries, controlled by Asia's richest man Mukesh Ambani, plans to expand the capacity to 2 million bpd by 2030, according to plans shared with the government.

Opposition from farmers has prompted Maharashtra to move the location for what would be the country's biggest oil refinery, Chief Minister Devendra Fadnavis said.

Saudi Arabia on Monday launched an ambitious programme which it hopes will attract $427 billion in investments in the industrial and logistics sectors, as the OPEC kingpin bids to reduce dependence on oil.

Saudi Crown Prince Mohammed bin Salman met Prime Minister Narendra Modi and told him about plans to scale up investments in tech, farm and energy sectors of India.

A string of high-profile finance executives followed technology and media leaders in pulling out of a Saudi investment conference scheduled for late this month, potentially risking a lucrative role in the kingdom's plans for a historic opening of its economy.

When he hosted last October's glittering global investment conference in Saudi Arabia, Crown Prince Mohammed bin Salman had the world at his fingertips. Thousands of investors, corporate chieftains and government leaders flocked to the kingdom to hear the charismatic young heir to the Saudi throne outline his plans for modernization of the reclusiv...