How Modi’s landmark visit to Jeddah added ‘further momentum’ to historic Saudi-India ties
Indian Prime Minister Narendra Modi was escorted by Royal Saudi Air Force F-15 fighter jets ahead of his touchdown in Jeddah on Tuesday, where he was greeted by a 21-gun salute in a ceremonial welcome that highlighted the growing defense ties between the two countries. The visit marked Modi’s first to the Red Sea port […]
Saudi Arabia raises $990m in sukuk in April
Saudi Arabia’s National Debt Management Center raised SR3.71 billion ($990 million) through its riyal-denominated sukuk issuance for April, reflecting a 40.5 percent increase compared to the previous month, according to an official statement. The amount marks a significant rise from March, when the Kingdom secured SR2.64 billion through sukuk. In previous months, Saudi Arabia issued […]
IMF projects 3% growth for Saudi economy in 2025
Saudi Arabia’s real gross domestic product is expected to grow by 3 percent in 2025, with further acceleration to 3.7 percent in 2026, according to the latest World Economic Outlook released by the International Monetary Fund. The forecast marks a downward revision of 0.3 percentage points for 2025 and 0.4 percentage points for 2026 compared […]
Saudi crown prince meets with Indian PM Modi in Jeddah
Saudi Crown Prince Mohammed bin Salman received Indian Prime Minister Narendra Modi at Al-Salam Palace in Jeddah on Tuesday evening. An official reception ceremony was held for Modi and the two leaders held an official session of talks, Saudi Press Agency reported. Prince Mohammed and Modi also chaired the Saudi-Indian Strategic Partnership Council. India’s prime […]