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Cruise Saudi Appoints Lars Clasen as Chief Executive Officer

Lars Clasen.
Lars Clasen.
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Cruise Saudi Appoints Lars Clasen as Chief Executive Officer

Lars Clasen.
Lars Clasen.

Cruise Saudi - a 100% Public Investment Fund-owned business - is pleased to announce the appointment of Lars Clasen as the company’s Chief Executive Officer. He is a global industry expert with 30+ years of experience in the shipping and cruise industries across Asia, Europe and North America.

Fawaz Farooqui, Managing Director of Cruise Saudi commented: “We are excited to announce that Lars Clasen has been appointed the new Chief Executive Officer of Cruise Saudi. Clasen brings three decades of experience in the global cruising industry, and we look forward to having him as a key member of the team.”

Clasen on joining Cruise Saudi said: “As a cruise professional and enthusiast, I’ve been following the tremendous progress Cruise Saudi has made in such a short span of time; from setting up an entirely new industry and welcoming guests on cruise ships for the first time in Saudi Arabia, to garnering a great deal of attention globally as the newest player in the cruise industry.”

“I am honored to be joining a diligent team of professionals and look forward to achieving more milestones together as Cruise Saudi embarks upon a new phase of development in opening not just one gateway, but several new gateways connecting the world to the Kingdom of Saudi Arabia.”

Prior to joining Cruise Saudi, Clasen held several key roles across leading cruise companies; Managing Director at The Ritz-Carlton Yacht Collection, Co-founder and Managing Director of Dolce Cruise Management, CEO of A-ROSA River Cruises, President of AIDA Cruises, and is also the founder and owner of Lars Clasen Cruise Consulting. His profound experience in the world of cruising is ideally suited for Cruise Saudi as it pursues its development of the cruise sector in the Red Sea and elsewhere.

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India and EU to Finalize Free Trade Agreement by Year-end

European Commission President Ursula von der Leyen (L) addresses a joint press briefing as India's Prime Minister Narendra Modi listens, after their meeting at the Hyderabad House in New Delhi on February 28, 2025. (Photo by Money SHARMA / AFP)
European Commission President Ursula von der Leyen (L) addresses a joint press briefing as India's Prime Minister Narendra Modi listens, after their meeting at the Hyderabad House in New Delhi on February 28, 2025. (Photo by Money SHARMA / AFP)
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20
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India and EU to Finalize Free Trade Agreement by Year-end

European Commission President Ursula von der Leyen (L) addresses a joint press briefing as India's Prime Minister Narendra Modi listens, after their meeting at the Hyderabad House in New Delhi on February 28, 2025. (Photo by Money SHARMA / AFP)
European Commission President Ursula von der Leyen (L) addresses a joint press briefing as India's Prime Minister Narendra Modi listens, after their meeting at the Hyderabad House in New Delhi on February 28, 2025. (Photo by Money SHARMA / AFP)

India will finalize a "mutually beneficial" free trade deal with the European Union by the end of this year, Prime Minister Narendra Modi said Friday after meeting with EU chief Ursula von der Leyen.

"We have asked our teams to work out a mutually beneficial bilateral free trade agreement by the end of this year," Modi said in New Delhi.

Von der Leyen, who is on a two-day visit to India with her college of commissioners, is seeking to hedge against souring relations with the United States and said they were "expecting a lot from our trade negotiators".

Deeper access to India's rapidly expanding market was at the top of the delegation's agenda, and the EU chief looked visibly pleased after her meeting with Modi and his ministers, AFP reported.

The EU is already India's largest trading partner, accounting for 124 billion euros ($130 billion) worth of trade in goods in 2023 -- more than 12 percent of total Indian trade, according to Brussels.

The Indian market offers many opportunities for sectors ranging from defense to agriculture, cars and clean energy. Yet, protected by high tariffs, it currently accounts for only 2.2 percent of EU trade in goods.

"We have tasked our teams to build on this momentum and finalize our FTA before the end of the year," von der Leyen said in a statement after the meeting.

Standing beside Modi, the EU chief added: "We told them they should surprise us".

The bloc is pushing for a trade deal that lowers entry barriers for its cars, spirits, wines and other products.

India meanwhile hopes for higher EU investments in areas such as clean energy, urban infrastructure and water management.

New Delhi is also pushing for easier mobility for its skilled workforce and higher investments for ventures in India.

Von der Leyen's visit, billed as the first of its kind to the world's fifth-largest economy, comes days after US President Donald Trump announced a slew of tariffs against both friends and foes.