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The rise in Saudi Aramco’s stock price within two days of its IPO in November 2019, has taken the company’s market value past the $2-trillion mark. This valuation should not be taken at face value for the offering is miniscule, and closely linked to the ruler's prestige rather than stock market fundamentals
Courtesy: Princess Nora bint Abdul Rahman University
The immediate panic in the aftermath of the missile attack on Saudi Aramco’s facility at Abqaiq underlines the still-critical role of the Kingdom to the world economy. The subsequent recovery of oil production – with no disruption – showed that Saudi Arabia is a reliable partner/guarantor of energy supplies. Our Energy and Environment fellow Amit Bhandari was in Riyadh recently for a conference, and describes a post-Abqaiq Saudi Arabia
Courtesy: Ruhi Nooreyezdan
India has the largest number of Baha’is in the world today, followers of the world’s newest religion, which was founded in 19th-century Persia. Persecuted in their own country, they came to Bombay, which was already home to many Iranians, to purvey the message of their faith
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The attack on Saudi Aramco’s oil processing facility at Abqaiq has turned out to be less damaging than feared. It nevertheless holds lessons for India, which can begin securing itself against similar events in the future
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The Narendra Modi government came to power in India in 2014, promising "minimum government, maximum governance". Its roll-out of numerous government schemes meant that democracy and governance came before economic growth. But it returned Modi to power.Analysing the current debate on growth and governance the author explores how the sequencing of governance and economic outcomes is different in China, Turkey and India
Courtesy: LBB
Bombay’s trade with the Persian Empire grew rapidly in the 19th century because of regular steamship services between the city and prominent Iranian ports such as Bushire. The wealthy and public-spirited Persian merchants, who settled in Bombay, endowed their community with a religious and social infrastructure, in use even today
Courtesy: MEA/Flickr
The 2019 G20 Summit in Osaka on June 28-29, is the 14th meeting of the Group of 20 leaders. The G20 is the world’s most influential economic multilateral forum. It is the agenda-setting forum that develops and guides rules of global economic governance. Under the Japanese Presidency, this summit will be the first to discuss and establish the rules for the worldwide governance of data, including current hot-button issues like data localisation and data sovereignty. India has both a preparatory and a contributory role to play in the G20 this year. For in 2022, it will be the President of the G20. India must identify its agenda early on; its a weighty responsibility but also an opportunity to set the global economic agenda.
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India’s foreign minister S. Jaishankar and U.S. Secretary of State Mike Pompeo have sorted through the India-US niggles and minutae, so that the substance of the bilateral can be advanced by their leaders who are meeting in Osaka this week
Courtesy: NY Times
India’s foreign policy is increasingly blended in with its domestic agenda – and vice versa. Prime Minister Modi’s past proactive foreign policy has paid dividends in bringing global attention to India, a fact young voters have noticed and approved. In his second term, what will India’s foreign policy look like? A continuum of the past, but also new frameworks for the future
Courtesy: CNBC TV18
India's foreign policy under the second Modi government will take account of a turbulent world in which the old verities are disappearing and domestic political compulsions exert overwhelming influence on external postures