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Saudi Arabia restores full oil capacity after drone strikes
April 12th, 2026 - 08:27 GMT
Dr. Mansour Al-Maswari

Mansour Al-Maswari

Saudi Arabia restores full oil capacity after drone strikes

ALBAWABA- Saudi Arabia has fully restored its oil production and export capacity following last week’s drone attacks on key energy infrastructure, with officials describing the recovery as completed in “record time.” In a joint statement, the Ministry of Energy and Saudi Aramco outlined a rapid operational rebound across critical facilities. Pumping capacity on the East-West Pipeline has returned to approximately 7 million barrels per day, offsetting a prior loss of ...
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Buyer demand for healthy and Halal products has turned Gulfood 2017 into a window to global food sector reinvention. (Shutterstock/Maksym Poriechkin)
February 27th, 2017 - 08:00 GMT

Gulfood 2017 gets underway in Dubai with 5,000 exhibitors from 120 countries

Work is underway to create an agenda of governmental activities over a period of weeks. (File photo)
February 27th, 2017 - 07:00 GMT

Jordan presses forward with administrative reform, economic incentives

Egypt last increased its entry visa fees in April 2014, from $15 to $25. (Shutterstock/Andriy Oleksienko)
February 27th, 2017 - 06:00 GMT

Egypt to raise tourist visas by 140 percent in July

The main objective of setting up Nomu was as an additional source of funding for issuers to access capital, and increased diversification and deepening of the capital market. (File photo)
February 27th, 2017 - 05:11 GMT

Saudi Arabia debuts Nomu, the alternative equity market

British Foreign Secretary Boris Johnson (L) meets with his Egyptian counterpart Sameh Shoukry on February 25, 2017, in the capital Cairo. (AFP/Stringer)
February 26th, 2017 - 12:00 GMT

Egypt raises issue of continued UK flight ban to Sharm with British FM

The CAA’s complaint data shows that the most complained about airline for non-payment of compensation for connecting flights was Emirates. (File photo)
February 26th, 2017 - 11:00 GMT

UAE airlines to fight against EU law application on flight delay compensation

The last date for submitting the offers is March 31.  (Wikipedia)
February 26th, 2017 - 10:00 GMT

Lebanon's oil and gas tenders proceed despite disputed offshore blocks

Aramco has asked JPMorgan Chase and Morgan Stanley to assist with its upcoming mammoth IPO and could call on another bank with access to Chinese investors. (File photo)
February 26th, 2017 - 09:00 GMT

Aramco mulls discounted stock for Saudi investors

OPEC Secretary-General Mohammad Barkindo said there was strong coordination around the agreement, comments that followed reports suggesting stronger action in the second half of the year. (File photo)
February 26th, 2017 - 08:00 GMT

OPEC, non-OPEC reach 86 percent compliance with product cuts

The inability to impose a cohesive monetary policy is normal given that the country is currently being ripped apart by an armed coup led by Houthi militia. (File photo)
February 26th, 2017 - 07:00 GMT

Yemen's Central Bank struggles to impose unified exchange rate

Misr Italia Deputy Chairman Mohamed al-Assal said his company was no longer in contact with Saudi Arabia over the deal. (Shutterstock)
February 26th, 2017 - 06:00 GMT

Political tensions hit Egyptian housing deals with Saudi Housing Ministry

The government’s decision to raise the renewal fees of passports was a necessity to overcome a “tough” economic situation, with avoiding any impacts on other vital sectors in the state. (File photo)
February 26th, 2017 - 05:00 GMT

Jordan revises temporary passport fees for Gazans

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