India exempts Saudi Arabia's wealth fund from investment cap rules to boost capital inflows
Friday, 30 May 2025 () India has exempted Saudi Arabia's Public Investment Fund (PIF) from certain foreign portfolio investment rules to attract long-term capital and strengthen financial ties. This move allows PIF's various arms to invest independently in Indian equity markets, bypassing the previous 10% ownership cap. It aims to boost Saudi Arabia's $100 billion investment plan in India, particularly in energy and infrastructure sectors.
Congress MP Shashi Tharoor clarified India’s position on third-party mediation amid Operation Sindoor. He revealed that several global powers—including the U.S., France, UAE, and Saudi Arabia—reached out following India’s retaliatory strikes. Tharoor emphasized that India is not seeking war,...
More than 1.5 million foreign pilgrims are in Saudi Arabia for Hajj
The Day of Arafat is of great significance to Muslims around the world, regarded as the most sacred day of the year according to..
Credit: euronews (in English) Duration: 01:10Published
Saudi Arabia tackles sweltering heat as Muslim pilgrims embark on Hajj journey
Each year, Muslim pilgrims embark on the spiritual journey of Hajj, one of the Five Pillars of Islam.
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Credit: euronews (in English) Duration: 01:00Published
Iran has signaled openness to a nuclear deal—if a proposed regional uranium consortium is based within its borders. The U.S. proposal, led by envoy Steve Witkoff, suggests shared enrichment oversight..
Friday, 30 May 2025 ()
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