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PM Modi arrives in Saudi; to hold bilateral talks with Crown Prince

Prime Minister Narendra Modi arrived in Riyadh late on Monday night on a two-day visit, during which he will attend the third edition of Saudi Arabia’s high-profile annual financial conference and hold bilateral talks with top leadership of the Gulf Kingdom.

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PM Narendra Modi with Saudi King Salman bin Abdulaziz

[vc_row][vc_column][vc_column_text]Prime Minister Narendra Modi arrived in Riyadh late on Monday night on a two-day visit, during which he will attend the third edition of Saudi Arabia’s high-profile annual financial conference and hold bilateral talks with top leadership of the Gulf Kingdom.

“Landed in the Kingdom of Saudi Arabia, marking the start of an important visit aimed at strengthening ties with a valued friend. Will be taking part in a wide range of programmes during this visit,” the Prime Minister tweeted.

He will deliver the keynote address under the title ”What’s next for India?” at the Future Investment Initiative (FII), which is dubbed as ”Davos in the Desert”.

Besides addressing the forum, he will hold bilateral talks with Saudi King Salman bin Abdulaziz and Crown Prince Mohammed bin Salman. The two sides are expected to sign a number of agreements in several key sectors including oil and gas, renewable energy and civil aviation to bolster their ties.

The three-day forum, beginning on Tuesday, will host financiers, governments, and industry leaders who would discuss global trade and explore the trends, opportunities and challenges shaping the global investment landscape over the coming decades.

“India and Saudi Arabia have enjoyed traditionally close and friendly relations. Saudi Arabia has been one of the largest and reliable suppliers of India’s energy needs,” PM Modi said in his departure statement in New Delhi.

He noted that defence, security, trade, culture, education and people-to-people contacts are the other important areas of bilateral cooperation with Saudi Arabia.

The two sides would also sign an agreement to establish a Strategic Partnership Council to coordinate on key issues. The council will be headed by Prime Minister Modi and the crown prince and it will meet every two years.

“The Agreement for establishment of the Strategic Partnership Council will further elevate the India-Saudi Arabia Strategic Partnership to a new level,” the prime minister said in his statement.

This would be Prime Minister Modi’s second visit to the Gulf Kingdom. During his first visit in 2016, King Salman conferred Saudi’s highest civilian award on him. The Crown Prince visited India in February 2019, giving a further fillip to the bilateral ties.

India’s relations with Saudi Arabia have been on an upswing over the last few years. India’s bilateral trade with Saudi Arabia was at USD 27.48 billion in 2017-18, making Saudi Arabia its fourth largest trading partner.

Saudi Arabia last month said that it was looking at investing USD 100 billion in India in areas of energy, refining, petrochemicals, infrastructure, agriculture, minerals and mining.

At the FII forum, Prime Minister Modi will speak on India’s economy, its challenges and opportunities for equitable growth and prosperity.

“I will speak about the growing trade and investment opportunities for the global investors in India as the country marches forward to a 5 trillion dollar economy by 2024,” PM Modi said.

The high-profile forum faced widespread boycott in 2018 in the aftermath of killing of Saudi dissident journalist Jamal Khashoggi, who was murdered in the Kingdom’s consulate in Istanbul, Turkey by Saudi security agents.[/vc_column_text][/vc_column][/vc_row]

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Keir Starmer steps down as UK PM amid mounting pressure from Labour Party

UK Prime Minister Keir Starmer has announced he will step down after growing pressure from within the Labour Party, remaining in office until a new leader is chosen.

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British Prime Minister Sir Keir Starmer announced on Monday that he will step down as leader of the governing Labour Party and leave office within weeks, ending a turbulent tenure that lasted less than two years.

Starmer said he would remain as caretaker prime minister until the Labour Party elects a new leader, with the transition expected to be completed before Parliament returns in September. The announcement came after increasing pressure from within his party amid falling popularity and growing concerns over Labour’s political fortunes.

Pressure within Labour intensifies

The resignation follows days of speculation over Starmer’s future after former Greater Manchester mayor Andy Burnham emerged as a strong challenger within the party. Burnham’s recent victory in a special parliamentary election intensified calls for a leadership change and added to the pressure on Starmer to step aside.

Starmer led Labour to a landslide victory in the 2024 general election, bringing the party back to power after 14 years in opposition. However, his government’s popularity declined sharply over the past year as Labour struggled in opinion polls and local elections.

Emotional announcement outside Downing Street

Speaking outside 10 Downing Street, an emotional Starmer said every major decision he had taken had been guided by what he believed was best for the country. He also said he now wanted to spend more time with his family while ensuring a smooth transfer of power.

His departure makes him the sixth British prime minister in the past decade to leave office before completing a full term, highlighting continued political instability in the United Kingdom.

The Labour Party is expected to begin the process of choosing its next leader in the coming weeks, with Andy Burnham widely seen as a leading contender.

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Qatar gas hub explosion leaves 54 injured, 18 missing at Ras Laffan facility

An explosion at Qatar’s Barzan gas facility in Ras Laffan Industrial City injured 54 people and left 18 missing, with rescue teams continuing search operations.

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At least 54 people were injured and 18 others remained missing after an explosion and fire struck a gas facility in Qatar’s Ras Laffan Industrial City, one of the world’s most important natural gas hubs.

The incident occurred on Sunday evening at the Barzan gas supply facility during the start-up of operations, according to state-owned energy company QatarEnergy. Emergency response teams were immediately deployed to the site, and authorities later confirmed that the fire had been brought under control.

Rescue teams continue search operation

Qatar’s Interior Ministry said 54 people had been injured in the blast, while specialised search and rescue teams, working alongside Civil Defence personnel, were continuing efforts to locate 18 individuals reported missing. Authorities described the incident as a “technical accident” and said there was no gas leak posing a threat to public safety.

Ras Laffan Industrial City, located north of Doha, serves as Qatar’s main liquefied natural gas (LNG) processing centre and is a crucial part of the country’s energy infrastructure. The Barzan facility primarily supplies gas to Qatar’s domestic market.

Cause under investigation

QatarEnergy has not yet disclosed the extent of any damage to the facility. The cause of the explosion remains under investigation.

Witnesses reported hearing a loud explosion, while flames and thick smoke were seen rising from the industrial complex. Officials have not indicated whether the incident will affect broader energy operations at Ras Laffan.

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Iran announces closure of Strait of Hormuz again amid tensions over Israeli strikes in Lebanon

Iran has announced a renewed closure of the Strait of Hormuz, blaming Israeli military actions in Lebanon and raising fresh concerns over global energy supplies.

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Strait of Hormuz

Iran has announced the closure of the Strait of Hormuz, one of the world’s most strategically important maritime routes, citing Israeli attacks in Lebanon as the reason behind the move. The development comes just days after the waterway had reportedly been reopened following a period of heightened regional tensions.

According to reports, the announcement was made by Iran’s Khatam al-Anbiya Central Headquarters, the country’s top joint military command. Iranian authorities alleged that ongoing Israeli military actions in Lebanon and what they described as insufficient efforts by the United States to restrain those attacks had violated the terms of a recently established ceasefire arrangement.

The Strait of Hormuz is a critical global energy corridor connecting the Persian Gulf with the Arabian Sea. A significant share of the world’s oil and liquefied natural gas shipments passes through the narrow waterway, making any disruption a matter of international concern.

Iranian officials reportedly described the closure as an initial response and warned that additional measures could follow if regional hostilities continue. The announcement has raised concerns about potential disruptions to global energy markets and maritime trade.

However, there were conflicting assessments regarding the immediate impact of the decision. A senior US official reportedly said there was no visible indication of Iranian military activity that would suggest an imminent enforcement of the closure, while diplomatic efforts between Washington and Tehran were expected to continue in Switzerland.

The latest development marks another escalation in regional tensions and places renewed focus on the security of one of the world’s most important shipping routes.

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