To facilitate frequent visits of businesspersons, India and Saudi Arabia will issue multiple entry visas to this category of persons, and cooperate in customs, science and technology, as also oil, gas and minerals, report the media.
The Indo-Saudi Joint Commission, during its eighth session held at Riyadh Conference Palace on October 31 (Saturday), took the decision after extensive discussions. Finance Minister Pranab Mukherjee led the Indian delegation, while the Commerce and Industry Minister Abdullah Zainal Alireza headed the Saudi Arabian delegation. Officials said the granting of multiple entry visas to entrepreneurs would facilitate frequent business visits from both sides and lead to increased bilateral and commercial exchanges on a long-term. Both sides held talks on various issues, including economic and commercial exchanges, investment, security to labour, visas and community welfare. New areas like engineering, agriculture and higher education were also discussed. Mukherjee said later that the meting was fruitful, and expressed optimism in deepening of economic and commercial relations between the two countries.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.