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Indian Cabinet Approves Pact with Saudi Arabia for Collaboration in Digitization and Electronic Manufacturing

Indian Cabinet Approves Pact with Saudi Arabia for Collaboration in Digitization and Electronic Manufacturing

New Delhi, December 15, 2023 - In a significant development, the Indian Cabinet chaired by PM Modi approves a Memorandum of Cooperation (MoC) inked on August 18, 2023, between the Ministry of Electronics and Information Technology of the Republic of India and the Ministry of Communications and Information Technology of

Arab Nations Inject $306 Million in Foreign Direct Investment into India in Q1 2023

In the first quarter of 2023, Arab countries made a significant contribution to India's Foreign Direct Investment (FDI) inflow, totaling an impressive $306 million. This constituted approximately 3.30% of India’s total FDI inflows $9287 million during this period. Leading the pack among Arab countries, The United

UAE and Saudi Arabia: A Combined 35% of Indian Nationals' Departures Abroad in September 2023

UAE and Saudi Arabia: A Combined 35% of Indian Nationals' Departures Abroad in September 2023

September 2023, a whopping 24,64,253 Indian nationals set out on international journeys, marking a substantial increase compared to the 21,81,964 departures in September 2022 and 23,54,445 in September 2019. This remarkable growth of 12.9% from 2022 and 4.7% from 2019 showcases the

Saudi Arabia Enhances Maritime Connectivity with New India Gulf Express Freight Service

Saudi Arabia Enhances Maritime Connectivity with New India Gulf Express Freight Service

October 30, 2023 - In a significant strategic move, the Saudi Ports Authority (Mawani) has unveiled its plans to introduce the India Gulf Express freight service, managed by the French container carrier CMA CGM, to King Abdulaziz Port. This development is part of Saudi Arabia's ongoing efforts to

Dana Al Alami Group Inks $120 Million Deal with India's Green Lab at 7th FII in Riyadh

Dana Al Alami Group Inks $120 Million Deal with India's Green Lab at 7th FII in Riyadh

Riyadh, Saudi Arabia - October 25, 2023 - In a significant move that could reshape the precious stone trade in Saudi Arabia, Dana Al Alami Company, a leading Saudi precious stone trader, has announced a strategic partnership with Green Lab, an Indian trailblazer in the production of lab diamonds. The

Indian Commerce and Industry Minister Participates in 7th Future Investment Initiative in Riyadh

Indian Commerce and Industry Minister Participates in 7th Future Investment Initiative in Riyadh

Riyadh, Saudi Arabia, October 24, 2023 - India's Union Minister for Commerce and Industry, Piyush Goyal, marked his presence at the 7th Future Investment Initiative (FII) in Riyadh from October 24th to 25th, 2023. During his visit, he engaged with prominent Saudi figures, including the Energy Minister Prince

Arab Nations Remain Top Destination for Indian Travelers in August 2023

Arab Nations Remain Top Destination for Indian Travelers in August 2023

In the latest data released by the Indian Ministry of Tourism, it's evident that the Arab countries, particularly the UAE, Saudi Arabia, and Qatar, continue to be the preferred destinations for Indian nationals. During August 2023, Indian national departures reached a total of 2,487,030, reflecting an