Saudi Arabia partners with India’s top cricket league for tourism promotion

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Updated 15 February 2023
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Saudi Arabia partners with India’s top cricket league for tourism promotion

  • STA becomes official sponsor of Indian Premier League, world’s most-watched cricket tournament
  • Partnership follows other recent Saudi promotion programs in India, including tourism roadshows

NEW DELHI: The Saudi Tourism Authority has signed a partnership agreement with India’s most popular cricket league to tap into a strong sports fanbase in both countries and promote the Kingdom as a leading destination for Indian visitors.

In the past two years, India has emerged as Saudi Arabia’s key tourism source market and is expected to become the largest one by 2030, as the STA’s efforts are concentrated on building relations with Indian industry stakeholders.

The cricket partnership, inked between the authority and the Indian Premier League on Tuesday evening aims at increasing the Kingdom’s appeal in the south Asian nation. The STA will be an official sponsor of the IPL — a men’s Twenty20 franchise and the world’s most-watched cricket league.

“We are delighted to announce our partnership with IPL, because we know how important cricket is to our visitors from South Asia,” Alhasan Al-Dabbagh, the STA’s chief for Asia Pacific, said in a statement.

“Through our partnership with the IPL, we aim to increase Saudi Arabia’s presence and appeal in the Indian and south Asian markets. We are excited to show prospective south Asian visitors why they should consider Saudi not only as their next holiday destination, but also as a viable sports destination as we play host to prominent sports and entertainment events such as Formula One, WWE, and the Spanish Super Cup.”

The partnership follows the STA’s other recent promotion programs in India, including a successful tourism roadshow and participation in a series of travel and trade events across the country earlier this month, including the One World Travel Market in Mumbai and the South Asian Travel and Tourism Exchange — Asia’s leading platform for the tourism and hospitality industry.

The promotion strategy and the cricket partnership found immediate appeal in both the sports and tourism industry.

“The IPL partnership is a powerful channel to engage with its vast audience and support the Saudi Tourism Authority’s objective of creating brand awareness in India as well as among the fans from the entire cricketing world,” Rajeev Shukla, vice president of the Board of Control for Cricket in India, said during the announcement of the IPL deal.

“We hope that through this partnership, we inspire and grow the cricket fanbase in Saudi and in collaboration with STA, create exciting opportunities for them to engage with the game.”

Jay Shah, the board’s secretary, said he believed the partnership would help position Saudi Arabia as the leading tourism and sports destination.

“For us, it’s an exciting prospect that the Saudi Tourism Authority has immense faith in the power of the IPL to bring countries together.

“This partnership will create newer opportunities for cricket in Saudi and strengthen the sport in the region,” he added.

Cricket matches have been organized in Saudi Arabia since the 1960s, when the game was introduced by expatriates from Pakistan and India. As years passed, the sport became more structured and local clubs began to form.

The Kingdom became an affiliate member of the International Cricket Council in 2003 and in 2016 was promoted to associate membership.

But the game’s real boom began only recently, with the establishment of the Saudi Arabian Cricket Federation in 2020, which has since lined up a series of programs to promote the sport at home and prepare national teams to compete with the world’s best in the future.

The idea to involve cricket in the country’s promotion was expected to boost Saudi Indian ties.

 

 

“It is great news for Saudi Arabia and India,” Elodie Azar, deputy general manager of the Saudi travel operator Kurban Tours, told Arab News.

“I feel that sport is a way to engage the young generation. This will help to promote Saudi as a leisure and tourism destination. This will also help to connect with many cricket fans around the world and to lead Saudi to be a destination for sports fans also not only tourism or business.”

In addition, it was expected to help forge people-to-people relations that underpinned economic and political partnerships.

“Building people-to-people ties is essential for India and Saudi Arabia,” Mohammed Soliman, strategic technologies director at the Middle East Institute in Washington, said.

“It is part of the broader trend of economic and political integration in West Asia.”

Muddassir Quamar, Middle East expert and fellow at the Institute of Defence Studies and Analyses in New Delhi, described the cricket partnership as a “defining moment” in Saudi Indian relations.

“There is a strong push in the Kingdom for bringing mega sporting and recreational events inside Saudi Arabia and the partnership can be one step toward that,” he told Arab News.

“The appetite for investments in sports in the Kingdom is enormous, and potential for partnership with Indian entities is immense.”


Trump calls for one year cap on credit card interest rates at 10 percent

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Trump calls for one year cap on credit card interest rates at 10 percent

  • Trump says Americans have been ‘ripped off’ by credit card companies
  • Lawmakers from both parties have raised concerns about rates

WASHINGTON: US President Donald Trump said on Friday he was ​calling for a one-year cap on credit card interest rates at 10 percent starting on January 20 but he did not provide details on how his plan will come to fruition or how he planned to make companies comply.
Trump also made the pledge during the campaign for the 2024 election that he won but analysts dismissed it at the time saying that such a step required congressional approval.
Lawmakers from both the Democratic and Republican Parties have raised concerns about high rates and have called for those to be addressed. Republicans currently hold a narrow majority in both the Senate ‌and the House ‌of Representatives.
There have been some legislative efforts in Congress ‌to pursue ⁠such ​a proposal ‌but they are yet to become law and in his post Trump did not offer explicit support to any specific bill.
Opposition lawmakers have criticized Trump, a Republican, for not having delivered on his campaign pledge.
“Effective January 20, 2026, I, as President of the United States, am calling for a one year cap on Credit Card Interest Rates of 10 percent,” Trump wrote on Truth Social, without providing more details.
“Please be informed that we will no longer let the American Public be ‘ripped off’ by Credit Card Companies,” Trump added.
The ⁠White House did not immediately respond to a request for comment on details of the call from Trump, but said on ‌social media without elaborating that the president was capping the rates.
Some ‍major US banks and credit card issuers ‍like American Express, Capital One Financial Corp, JPMorgan , Citigroup and Bank of America did not immediately respond ‍to a request for comment.
US Senator Bernie Sanders, a fierce Trump critic, and Senator Josh Hawley, who belongs to Trump’s Republican Party, have previously introduced bipartisan legislation aimed at capping credit card interest rates at 10 percent for five years. This bill explicitly directs credit card companies to limit rates ​as part of broader consumer relief legislation.
Democratic US Representative Alexandria Ocasio-Cortez and Republican Congresswoman Anna Paulina Luna have also introduced a House of Representatives bill to cap credit card ⁠interest rates at 10 percent, reflecting cross-aisle interest in addressing high rates.
Billionaire fund manager Bill Ackman, who endorsed Trump in the last elections, said the US president’s call was a “mistake.”
“This is a mistake,” Ackman wrote on X.
“Without being able to charge rates adequate enough to cover losses and earn an adequate return on equity, credit card lenders will cancel cards for millions of consumers who will have to turn to loan sharks for credit at rates higher than and on terms inferior to what they previously paid.”
Last year, the Trump administration moved to scrap a credit card late fee rule from the era of former President Joe Biden.
The Trump administration had asked a federal court to throw out a regulation capping credit card late fees at $8, saying it agreed with business and banking groups that alleged the rule was ‌illegal. A federal judge subsequently threw out the rule.