World Short News

Iran's president says a new oil field has been discovered with an estimated 50 billion barrels of crude oil in the country's south.

The announcement by President Hassan Rouhani on Sunday would mean Iran's proven crude oil reserves would be boosted by a third. Right now, Iran says it has some 150 billion barrels of proven crude oil reserves.

India should provide an attractive business environment and not "terrorise us" with its tax and customs rules, the CEO of the French engine manufacturer behind the Rafale fighter jet told Defence Minister Rajnath Singh on Wednesday while announcing that the company plans to invest nearly USD 150 million in the country.