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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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Boeing also received a license to help Iran Air find 29 other Boeing aircraft from leasing companies. (File photo)
December 12th, 2016 - 05:23 GMT

Boeing finally closes $16.6B deal for jets to Iran

The integration process is planned to start immediately and is expected to be completed within the next 12 months. (File photo)
December 11th, 2016 - 01:10 GMT

LNG giant Qatar Petroleum to merge RasGas and Qatargas

Demand could decline if US interest rates move higher and if the Chinese yuan depreciates in a disorderly fashion. (File photo)
December 11th, 2016 - 12:20 GMT

Global oil market to enter deficit in 2017: BoA Merrill Lynch

The Smart Cities Council includes a global network of smart city practitioners and innovators dedicated to improving the livability, workability and sustainability of the world’s cities. (Shutterstock)
December 11th, 2016 - 10:23 GMT

Oman to host Smart City Summit in 2017

Headquarters of the International Labour Organization in Geneva, Switzerland. (ILO)
December 11th, 2016 - 09:00 GMT

International Labour Organization to boost cooperation with GCC under new activity plan

The 100-bed facility is due to open in 2018 at Dubai Hills within Mohammed bin Rashid City under a joint venture between Al Tayer Group Dubai Investments and UK-based Ashmore Group. (Gulf Business)
December 11th, 2016 - 08:00 GMT

London's King's College Hospital in Dubai to target locals, medical tourists

An Austrian soldier stands guard outside the OPEC headquarters on the eve of the 171th meeting of the Organization of the Petroleum Exporting Countries in Vienna. (AFP/Joe Klamar)
December 11th, 2016 - 07:00 GMT

OPEC, non-OPEC producers strike first global oil cutback deal in over ten years

Trump has made millions of dollars from his deals with Saudi Arabia, which included leasing an apartment to former al-Qaeda boss Osama bin Laden’s half-brother. (AFP/Drew Angerer)
December 11th, 2016 - 06:00 GMT

Trump shuts down four companies tied to Saudi Arabia

The sale has raised huge concerns about a major part of UK infrastructure being sold to foreign investors. (Shutterstock)
December 11th, 2016 - 04:55 GMT

Qatari fund leads consortium in purchase of critical UK National Grid gas pipeline

The recruitment of aviation personnel in MENA will be one of the largest in the world. (File photo)
December 8th, 2016 - 12:00 GMT

For work, look to the skies: Boeing predicts 200,000 new aviation jobs in MENA

Saudi Arabia and Kuwait will cut output from their producing oil fields to allow for any increase from the Wafra and Khafji fields between the two countries. (AFP/File)
December 8th, 2016 - 11:00 GMT

Saudi-Kuwait oil drilling in Neutral Zone to resume after two years' suspension

Family businesses, which constitute up to 85 percent of the private sector, play a big role in the economy and society.(Shutterstock)
December 8th, 2016 - 10:00 GMT

Lebanon: Family Business Network Levant launches to support SMEs

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