Essar to invest $4 billion in steel plant in Saudi Arabia in 3 years: Official

NEW DELHI: The Essar Group is looking to invest USD 4 billion in setting up an integrated flat steelworks plant in Saudi Arabia in the next three years, a senior company official said. The plant, which will cost Saudi Riyal 15 billion (USD 4 billion), is scheduled to break ground by this year-end and be […]

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Saudi Arabia overtakes Russia to be India’s no 2 oil supplier in August

NEW DELHI: Saudi Arabia emerged as the second-biggest oil supplier to India after a three-month gap, overtaking Russia by a thin margin, while Iraq retained the top spot in August, data from industry and trade sources showed. India, the world’s third biggest oil importer and consumer, shipped in 863,950 barrels per day (bpd) of crude […]

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