Daesh-claimed Riyadh blast damages cars; no injuries

Updated 09 February 2016
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Daesh-claimed Riyadh blast damages cars; no injuries

RIYADH: An explosion damaged several cars in a residential area on Monday, SPA reported, an incident the Daesh terrorist group said was caused by a bomb one of its members had affixed to a vehicle. There were no injuries. A police spokesman said a citizen had reported at 8:40 a.m. that his car had been damaged by a blast while parked in front of his house in Al-Aziziya district, according to SPA. There were no injuries. Some nearby vehicles also were damaged. The spokesman said that bomb experts are still investigating the case. In a statement released on the Telegram social messaging platform, Daesh’s Amaq news agency said the blast was caused by a “sticky bomb” attached to the vehicle of a member of the Saudi armed forces, the SITE monitoring service reported. The Kingdom in 2014 declared Daesh a terrorist organization and has detained hundreds of its supporters. The group, which controls territory in Iraq and Syria, has staged a series of attacks in the country.


Crown prince: Saudi investment in India to reach $100bn

Updated 44 min 3 sec ago
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Crown prince: Saudi investment in India to reach $100bn

  • Mohammed bin Salman says value of investments to increase rapidly over next two years
  • Modi praised relations between the two countries after signing cooperation agreements

DUBAI: Crown Prince Mohammed bin Salman said on Wednesday he expects Saudi Arabia’s investments in India will be worth $100 billion in the next two years.

During a press conference with India’s Prime Minister Narendra Modi, the crown prince said the Kingdom had invested $10 billion in technology and small companies in India which had “achieved very remarkable returns.”

Speaking on the second day of hist India visit, and after the signing of five agreements with Modi, the crown prince also said that there were many opportunities for India in Saudi Arabia.

“We expect that the opportunity we are developing in India in many fields will exceed 100 billion dollars over the next two years,” Prince Mohammed said. “We want to work as two governments to ensure these investments and achieve beneficial returns for both countries. 

“We also hope that relations between the Kingdom of Saudi Arabia and India will contribute to providing more opportunities for Indian laborers and manpower to contribute to the future of the Kingdom of Saudi Arabia and building the Kingdom's Vision 2030.”

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The crown prince spoke of the depth and history of relations between the two countries, acknowledging the role Indian labor and businesses had played in the Kingdom’s development.

He also said the economic partnerships were grounded in the two nation’s similar challenges - “extremism, terrorism and the security of the Indian Ocean.”

He said Modi’s visit to the Kingdom in 2016 had achieved investments worth $44 billion in refining and petrochemicals.

The two countries planned to expand India’s oil storage capacity to make India an “important regional center in distributing oil and its products.”

The crown prince and Modi earlier oversaw the signing of agreements in the fields of investment, tourism, housing and information and broadcasting.

The crown prince arrived in India after a two-day trip to Pakistan as part of a tour of Asia.

Earlier he attended a ceremonial welcome in New Delhi after landing in the country on Tuesday evening.