Emerging opportunities in India highlighted

Updated 09 January 2016

Emerging opportunities in India highlighted

JEDDAH: The Consulate General of India, in association with the Saudi-Indian Business Network (SIBN), organized an event to commemorate the 14th Pravasi Bharatiya Divas (PBD) at the consulate premises on Saturday. The theme of the event was “India: Emerging economy with emerging opportunities.”
More than 100 Indian professionals and Saudi nationals attended the event. The program was also attended by Dr. M.S. Karimuddin and Rafiuddin Fazulbhoy, both recipients of Pravasi Bharatiya Samman Award.
Felicitating the two leading Indians, Consul General B.S. Mubarak highlighted the significant initiatives taken by the government of India to strengthen the investment climate of the country, to make it one of the strongest economies in the world.
He also highlighted the business friendly reforms being carried out by the government whereby many new business opportunities have emerged. This includes freight corridor, smart cities, simplified procedures for investment as well as the reforms in real estate.
Thirteen professional experts in various fields spoke at the event. They included Danish Abdul Ghafoor, Mohammed Muzammil Riyaz, Mohammed Hyder, Asim Zeeshan, Vijay Soni, Mohammed Sheriff, Naveen Kumar, Majeedul Hasan, Mohammed N. Al-Qureshi, Suresh Kumar, Javid Ahmed and Ghazanfar Ali Zaki.
Zakaria Biladi of Marketing Support Services made arrangements for the program, which was conducted by SIBN’s General Secretary Majeedul Hasan and Management Coordinator Asim Zeeshan.
The event was supported by the commercial section of the Indian consulate headed by S.R.H. Fahmi, consul (commerce), along with Amjad Shareef, MRA.

Saudi Arabia welcomes US decision on Iran oil sanction waivers

Updated 28 min 49 sec ago

Saudi Arabia welcomes US decision on Iran oil sanction waivers

  • The Saudi minister said Iran uses state income to finance their dangerous policies
  • Saudi Arabia will work with other oil producing countries to stabilize international market

DUBAI: Saudi Arabia has welcomed US Foreign Minister Mike Pompeo’s announcement that waivers on the sanctions on Iranian oil exports will be lifted, Saudi state agency SPA reported.

Saudi Arabia believes the US decision is a necessary step to pressure the Iranian government to stop jeopardizing peace and end their global support for terrorism, the Saudi Foreign Minister, Ibrahim bin Abdulaziz Al-Assaf, said.

The Iranian regime uses the country’s income to finance dangerous policies without any consideration for international law, the minster added.

International pressures on Iran must continue until it stops interfering in the domestic affairs of other countries, he stressed.

Saudi Arabia will continue their strict adherence to the policies, which aim to stabilize international markets, and will not produce oil beyond the balance, Al-Assaf said.

The Kingdom will cooperate with other oil producing countries to produce enough oil for consumers, he added.