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Friday February 22, 2019
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"World / Asia"
February 20, 2019
Saudi-India Forum
Saudi-India Forum in progress in New Delhi on Wednesday in conjunction with the official visit of Crown Prince Muhammad Bin Salman. A total of 11 cooperation agreements were signed and four licenses for Indian companies were issued. — SPA
February 20, 2019
Modi is my elder brother: MBS
New Delhi — Indian Prime Minister Narendra Modi is my elder brother, I admire him, Crown Prince Muhammad Bin Salman said here on Wednesday.“We (me and PM Modi) are brothers. PM Modi is my elder brother. I am his younger brother, I admire him,” the Crown Prince said after receiving a ceremonial welcome at the Rashtrapati Bhavan (presidential palace).Speaking after the ceremonial reception, the Crown Prince said, “The relationship between ...
February 20, 2019
5 pacts and MoUs
In the presence of Crown Prince Muhammad Bin Salman and Indian Prime Minister Narendra Modi, five bilateral agreements and memorandums of understanding were signed between the two sides at Hyderabad House in New Delhi on Wednesday.They are:A framework program for cooperation between the Saudi Arabian General Investment Authority(SAGIA) and the Investment of IndiaA memorandum of understanding in the field of housing between the two countriesA memorandum of understanding for cooperation ...
February 20, 2019
Economic power shifting from West to East
New Delhi — Economic power is shifting from West to East and India will be (the) second-largest economy ahead of the United States, Amin Nasser, chief executive of Saudi Aramco, told the Saudi-India Forum in New Delhi on Wednesday.Aramco signed an accord in April last year with Indian investors on a $44-billion petrochemical project in western India.Nasser, a member of the Crown Prince’s delegation, said his firm was in talks ...
February 20, 2019
Drive and deliver! App-based delivery men highlight India’s growing gig economy
SURAJ Nachre works long hours and regularly misses meals but he treasures his job as a driver for a food delivery startup — working in a booming industry that highlights India’s expanding apps-based gig-economy.The 26-year-old is one of hundreds of thousands of young Indians who, armed with their smartphones and motorcycles, courier dinners to offices and homes ordered at the swipe of a finger.A surge in the popularity of food-ordering ...
February 20, 2019
Myanmar touts troubled Rakhine as investment destination
ORGANIZERS of a summit in Myanmar’s crisis-hit western state of Rakhine are this week pitching to investors its plentiful farmland and fishing grounds, tourist-ready beaches and historic temples.The event’s website describes the “untouched opportunities” available in the strategically located region, close to large markets in India and Bangladesh. But a session at the fair will also be devoted to how to invest responsibly in the state, from which an estimated ...
February 20, 2019
North Korea’s US envoy arrives in Hanoi ahead of Trump-Kim summit
HANOI — Pyongyang’s special representative for the US arrived in Hanoi on Wednesday with a North Korean delegation, ahead of a summit between Donald Trump and Kim Jong Un next week.Kim Hyok Chol was seen walking into a government guesthouse where other North Korean officials in town for pre-summit preparations were staying over the weekend.He arrived from Beijing, where he spent a night en route from North Korea.“A team of ...
February 20, 2019
Pakistan inmate killed in Indian jail amid bombing tensions
JAIPUR, India — Indian prisoners stoned to death a Pakistani inmate in a jail on Wednesday amid mounting tensions over a suicide bombing that Delhi has blamed on its arch-rival neighbor, an official said.The Pakistani had been eight years into a life term at Jaipur Central Jail in the western state of Rajasthan when he was attacked.He was stoned to death after a quarrel, Rajasthan state director general of police ...
February 20, 2019
Former Chinese military chief of staff jailed for life over corruption
BEIJING — A former chief of staff of China’s military was sentenced to life in prison, state media said on Wednesday, after he was swept up in President Xi Jinping’s ongoing anti-graft crackdown.Appointed to the People’s Liberation Army’s top post in 2012, Fang Fenghui was convicted of accepting and offering bribes, and having an unclear source of a huge amount of assets, official news agency Xinhua reported.A military court sentenced ...
February 20, 2019
Court orders Indian tycoon to pay debt or go to jail
NEW DELHI — India’s top court told billionaire tycoon Anil Ambani on Wednesday he must pay his debts to Sweden’s Ericsson or go to jail, the latest twist in a saga that has brought his telecom company to its knees.Ambani’s Reliance Communications is some $4 billion dollars in debt after a brutal telecom price war with his brother Mukesh — India’s richest man.Judges found Anil Ambani, 59, had refused to ...
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