India should expect to pay between $94 million and $108 million for each unit, meaning the deal for just the aircraft could be around $4 billion.
At the World Economic Forum in Davos, Switzerland, a UAE official indicated the country wants to stop helping pay for energy.
During a debate at the World Economic Forum, leaders from Kuwait, Bahrain, Egypt and the UAE agreed on one thing — the need to reduce their dependence on oil.
Participants at the World Economic Forum in Switzerland painted a bleak picture of the current state of the global economy on Thursday.
Several people have been arrested across India over the past few months for suspected links to the Islamic State group.
U.S. and congressional officials reportedly said that the Obama administration was preparing to impose sanctions late December over Iran’s ballistic missile tests.
A United Nations panel said the level of global humanitarian aid is "insufficient" as conflicts and disasters grow.
News of the embargo came a day after economic sanctions were lifted against Iran for its nuclear program.
On Saudi Arabia's headline index, 167 stocks fell as investors feared the easing of Iranian sanctions raised the prospect of a surge in oil supplies.
The updated navigation mode can also display local gas prices and nearby points of interest.
The slowdown in China’s growth has hit oil prices hard from the demand side, but supply issues could still bring more shocks.
The Tuesday slide sets a new 12-year low for the price of crude at just above $30 per barrel. Some analysts say prices could drop even more.
Saudi Foreign Minister Adel al-Jubeir says his country would discuss potential actions against Iran with its allies across the region and around the world.
Hila Sedighi was arrested at a Tehran airport Friday as she returned from the UAE where she lives with her husband.
Once completed, the project could eventually connect gulf countries with the European power grid.
The past year saw deals worth nearly $4.3 trillion — significantly above the previous peak, before the financial crisis, according to a Thursday report.
Tensions between Saudi Arabia and Iran have heightened after the Sunni Muslim kingdom executed a top Shiite cleric.
The New Year’s Eve conflagration at the 63-story Address Downtown Dubai hotel was the emirate’s third high-rise fire in three years.
Muslims make up the majority of victims of war in the region, but minorities, including Christians, have been disproportionately affected.
Firefighters had mostly extinguished flames at the 63-story Address Downtown Dubai hotel, but smoke still emanated at daybreak Friday.
A New Year's Eve blaze ignited in the 63-story the Address Downtown Dubai hotel ahead of a fireworks event.
Iranian Revolutionary Guards were running a live-fire exercise Saturday near the USS Harry S Truman.