India, Saudi Arabia to sign Strategic Partnership Council pact

News:India and Saudi Arabia are set to sign an agreement for creating a bilateral strategic partnership council. Facts: About the strategic Council: The strategic partnership council will be led by Indian Prime minister and Saudi Crown Prince and it will meet every two years. The council will include multiple sections involving the External Affairs Ministry… Continue reading India, Saudi Arabia to sign Strategic Partnership Council pact

India asks Saudi to invest in strategic oil storage

India has been seeking investment from Saudi Arabia to build strategic crude oil reserves.It will act as a buffer against volatility in oil prices and supply disruptions. Strategic crude oil reserves,which are state-funded and meant to tackle emergency situations,allow a country to counter short-term supply disruptions. The construction and maintenance of strategic petroleum reserves (SPR)… Continue reading India asks Saudi to invest in strategic oil storage

India and Saudi agree to set up comprehensive security dialogue

In the backdrop of Saudi Arabia’s Crown prince visit to India,both countries have advanced the security relationship that was started in 2016 by instituting a comprehensive security dialogue to oversee common security issues. The dialogue will largely focus on (a) intelligence sharing (b) identifying threats (c)working on common solutions to security problems (d) cyber security… Continue reading India and Saudi agree to set up comprehensive security dialogue

India pitches for global action against terrorism

During Saudi Arabia’s Crown Prince visit to India, both countries signed five agreements and Memorandum of Understanding (MoUs) including deals on an investment fund and tourism. India and Saudi Arabia called on all states to reject the use of terrorism against other countries. They stressed for early adoption of the ‘UN Comprehensive Convention on International… Continue reading India pitches for global action against terrorism