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Middle East

Saudi Aramco declares $1.71 tn valuation in blockbuster IPO

Riyadh, Nov 17: Saudi Arabia on Sunday put a value of up to $1.71 trillion on energy giant Aramco in what could be the world's biggest IPO, but missed Crown Prince Mohammed bin Salman's initial target of $2 trillion....

Iran starts gasoline rationing, hikes prices

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...

2-year-old baby dies on board Saudi flight after medical emergency

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...

Saudi Aramco names first woman to head overseas office

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,...

Mumbai-bound Air India flight grounded at Dubai airport due to technical reasons

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...

Saudi Aramco lists RIL investment, expansion in India in monster IPO prospectus

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)...

Iran discovered new oil field with 50 billion barrels of crude: Prez Rouhani

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...

'Risk of terror attacks': Saudi Aramco prospectus gives few details on IPO size

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...

2 wheelchair-bound Indian women complete Dubai run

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,...

Two Twitter employees charged with spying of Saudi royal family

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...