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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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As part of the agreement, BP will second up to 50 technical staff to Adco, bringing technology, expertise and experience to support the ongoing efficient operation and development of the assets. (File photo)
December 18th, 2016 - 07:00 GMT

BP strikes $2.2B oil concession deal with Abu Dhabi

Alibaba is now a known name worldwide and the platform provides international exposure to traders from across the world. (YouTube)
December 18th, 2016 - 06:00 GMT

Alibaba to focus on B2B support for MENA SMEs

Etihad will codeshare on Lufthansa’s long-haul, non-stop intercontinental services between Frankfurt and Rio de Janeiro, Brazil as well as Bogota, Colombia. (File photo)
December 18th, 2016 - 05:19 GMT

Etihad to begin codeshare with Lufthansa in January 2017

The United States retained its number one position with $622 billion in spending in 2016 and with Saudi Arabia's spend reaching $48.6 billion. (File photo)
December 15th, 2016 - 12:00 GMT

Saudi Arabia is the fifth largest defense spender globally: IHS Jane's

The increase in customer deposits was basically triggered by the financial engineering of the Central Bank that was aimed at boosting the foreign currency reserves of BDL as well as the profitability of the lenders. (File photo)
December 15th, 2016 - 11:00 GMT

Lebanon: Financial inflows up, but so is the deficit

The joint ventures with Nabors and Rowan are part of a strategy to develop a best-in-class drilling industry in Saudi Arabia. (YouTube)
December 15th, 2016 - 10:00 GMT

Saudi Aramco signs new drilling JV with Nabors and Rowan

Under the current system, expats are banned for going to some hospitals in the morning unless it is an emergency. (File photo)
December 15th, 2016 - 09:00 GMT

Kuwait: China Metallurgical Group Corporation to build two expat hospitals for $530.8M

King Abdulaziz International Airport (Jeddah, Saudi Arabia) started its three-stage development with a budget of over US$1.5 billion, with the goal of catering to over 30 million passengers. (File photo)
December 15th, 2016 - 08:00 GMT

GCC states spending $100B in airport expansions to meet passenger demand

Alkholifey said the issuance of the currency represents a bright picture of the economic development realized in different periods of the nation’s history. (YouTube)
December 15th, 2016 - 07:00 GMT

Saudi Arabia's new banknotes and coins to go into circulation December 26

The minister highlighted plans to increase the number of e-government services to 350 by 2019. (Shutterstock)
December 15th, 2016 - 06:00 GMT

Jordan: E-government services fail to catch on with the public

Petrofac has a long track record in Iraq, helping with the export of more than 1.5 billion barrels of oil over the past four years. (File photo)
December 15th, 2016 - 05:13 GMT

Iraq to reach 'export milestones' with Petrofac's $75M oil facility expansion

The Breakthrough Energy Coalition shows that clean energy and economic development are not mutually exclusive. (Arab Times)
December 14th, 2016 - 01:00 GMT

Saudi Prince Al Waleed donates $50M to Bill Gates' Breatkthrough Energy Ventures initiative

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