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Saudi Arab is a natural friend to India - Manmohan Singh

 2 March 2010, Riyadh KSA. India and Saudi Arabia on Sunday vowed to jointly combat terrorism and money laundering as they signed an extradition treaty and several agreements to raise their cooperation to a strategic partnership covering security, economic, energy and defence areas. Prime Minister Manmohan Singh and Saudi King Abdullah, who held wide-ranging discussions, signed the Riyadh Declaration outlining the contours of a new era of strategic partnership between the two countries.

After the unprecedented welcome on Friday when the entire Saudi cabinet was present to receive him at the airport on his arrival, Dr Singh was accorded a grand reception at the imposing Al Rawadah Palace. King Abdullah received the prime minister and participated in the whole welcome ceremony, a rare honour bestowed on visiting dignitaries.

 

India and Saudi Arab unite against terror, major business agreements signed
March 2010, Riyadh KSA: India and Saudi Arabia on Sunday vowed to jointly combat terrorism and money laundering as they signed an extradition treaty and several agreements to raise their cooperation to a strategic partnership covering security, economic, energy and defence areas. Prime Minister Manmohan Singh and Saudi King Abdullah, who held wide-ranging discussions, signed the Riyadh Declaration outlining the contours of a new era of strategic partnership between the two countries.
Dubai’s dreams in doldrums, financial tsunami sweeps Dubai
 
Nov 29, 2009: Bankrupt Dubai's reputation as the West Asia region's financial hub is now at stake. It looks like it may soon be dislodged from its coveted position to be replaced by its oil rich neighbour, which incidentally may bail out the debt ridden emirate.

Even as Dubai awaits Abu Dhabi-based central bank's relief, the $80-billion debt burden has run over the city's dream of becoming the regional banking centre.

In fact, Dubai's role may now get restricted to its specialisations in trade and services.

Analysts believe that Dubai' salvage strategy will be crucial in shaping its economic future.

Meanwhile, experts feel that Abu-Dhabi's ‘selective’ aid will give it greater say in Dubai's affairs and financial activities.

The emirate that has financial interests of its own is busy investing in areas to realise its diversification plans buying shares of international banks, carmakers and chemical companies, even as the crisis hit neighbour resolves its debt problems.

The impact of Dubai crisis for India will be high, just keeping in view the larger indian work force employed in Dubai have touched 4.5m. The state of Kerala and other specific spots will be effected in the short run, presently the Indian economy is doing good so it can absorb shocks but Dubai melt down effect will be visible.

By OEMCL News Services

Sweeping Changes in Saudi Government
14 Feb 2009 Riyadh KSA: King Abdullah on Saturday made sweeping changes to his government, axing the head of the religious police and appointing Saudi Arabia's first-ever woman deputy minister in the biggest shakeup since he took over the throne.

Analysts said the changes continued Abdullah's cautious modernisation of the country's arch-conservative education, legal and social environments.

Saudi Prince Alwaleed is King of Tech!

Prince Alwaleed bin Talal bin Abdul Aziz al Saud, the Saudi royal prince has become one of the world's leaders of the information technology industry. As an investor, he holds about $2 billion of Apple, Motorola, AOL, and Teledesic. Which is a paradox, because the prince is a committed value investor, and value investors don't usually own tech stocks. But Alwaleed bought these shares when they were values, finding entry points when they were "hammered," to use his term. And at this very moment the prince is hungrily eyeing another handful of tech stocks for a possible pounce.

 

India, UAE sign 5 pacts, consolidates business

Tuesday, March 27, 2007, New Delhi: India and United Arab Emirates (UAE) have signed five agreements and resolved to cooperate to make their business ties "number one" in the region.

UAE Vice President and Prime Minister Sheikh Mohammed Bin Rashid Al Maktoum held talks with Prime Minister Manmohan Singh on a wide array of bilateral and regional issues, including intensification of business ties, terrorism and the Middle East peace process.

Bahrain Shaikh in India..Focus on Business!
New Delhi, Mar 18, 2007..The Crown Prince of the Kingdom of Bahrain Shaikh Salman bin Hamad Al Khalifa will begin his official visit to India from tomorrow to strengthen ties between the two countries. During his three-day tour of the country, the Crown Prince will be inaugurating Bahrain's Embassy in Delhi and will also address a select gathering at the Indian Council for World Affairs.
King Abdullah in India..Path breaking visit!

New Delhi/Riyadh..27th Jan 2006:Landmark visit of Abdullah bin Abdulaziz to India is having enough content-it is by a The Saudi ruler in 51 years. India and Saudi Arabia were on opposing sides of the cold war divide, but New Delhi has been an unfortunate beneficiary of Riyadh’s propitious to buy off local Wahhabi fanatics by encouraging them to export their activities aboard. But the cold war is over and Wahhabi extremists are targeting Riyadh itself, which makes the propitious time for New Delhi and Riyadh to emphasis common interest. The most obvious one is oil, and the joint declaration shores up India’s energy security through higher volumes of crude supply that will be made available on long-term contracts.