Middle East

Dubai, Nov 15: Iran introduced gasoline rationing and price hikes on Friday with an official saying that the revenue would be used for subsidies for 18 million needy families, state television reported. Iran, which has some of the world’s cheapest fuel prices due to heavy subsidies and the fall of its currency, has been fighting rampant fuel smuggling to neighbouring countries. State TV said the

Saudi, Nov 13: A 2-year-old passenger on a Saudi Arabian Airlines plane that made an emergency landing in eastern Canada on Tuesday was pronounced dead on arriving in a hospital, a provincial police official said. Flight 35, which left Jeddah, Saudi Arabia, at 6:45 am local time on Tuesday and was bound for Washington, DC, landed shortly before 12 pm ET at the St. John's International Airport, in

Saudi, Nov 13: Saudi Aramco, the world's top oil exporter, has appointed its first woman head of an overseas office, sources with knowledge of the matter said on Wednesday. Marwa Al Khuzaim will helm Aramco Asia Singapore from December, taking over from Nader Al Arfaj, they said. Al Khuzaim is currently a supply chain director at Aramco Chemicals Company, a unit of Aramco, according to her

New Delhi, Nov 12: An Air India Boeing 787 Dreamliner aircraft operating from Dubai to Mumbai returned to Dubai airport after an hour due to technical reasons and was grounded on Tuesday. "There is a minor technical issue and it will only take one to two hours to rectify the issue. But since safety is our first priority, the flight has returned to Dubai. Necessary material and technical team has

Riyadh, Nov 11: Saudi Aramco launched has its prospectus for the worlds biggest IPO with a potential largest ever company valuation of estimates ranging wildly from $1.2-2.3 trillion, with an India angle-acquiring 20 per cent in Reliance Industries Limited (RIL) oil to chemicals business and an expansion of its upstream business in high growth markets. In the 658 page prospectus launched on Sunday

Tehran, Nov 10: Iran has discovered a new oil field in the country's south with over 50 billion barrels of crude oil, its president said Sunday, a find that could boost the country's proven reserves by a third as it struggles to sell energy abroad over US sanctions. The announcement by Hassan Rouhani comes as Iran faces crushing American sanctions after the US pulled out of its nuclear deal with

Dubai, Nov 10: Saudi state oil giant Aramco will sell 0.5 per cent of its shares to individual retail investors and the government will have a lockup period of a year on further share sales after the initial public offering, its prospectus said on Saturday. The more than 600-page prospectus did not include details of how much of the company would be floated in total or of any commitments from

Dubai, Nov 9: Two elderly Indian women have successfully completed a 5-km run on wheelchairs in the UAE, media reports said on Saturday. Kusum Bhargava, 86, and Eiswari Amma, 78, participated in the Dubai run on Friday, Khaleej Times reported. Bhargava, probably the oldest participant in the 5-km run, said that it was a great experience. "I met so many people who came and took photos with me. I

San Francisco, Nov 7: Two former Twitter employees and a third man were charged in San Francisco Federal Court with spying on Twitter users critical of the Saudi royal family, the US Justice Department has announced. The two Saudi citizens and one US citizen allegedly worked together to unmask the ownership details behind dissident Twitter accounts on behalf of the government in Riyadh and the

Abu Dhabi, Nov 5: The UAE’s Supreme Petroleum Council on Monday announced a new pricing mechanism for ADNOC Murban crude, which will be listed on “an exchange,” and also announced a major increases in Abu Dhabi’s oil and gas reserves. During the meeting held at ADNOC headquarters, the Council revealed the discovery of new hydrocarbon reserves estimated at 7 billion barrels of crude oil and 58