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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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Impression of Mina Sultan Qaboos Waterfront Project. (OmanGBNews)
December 1st, 2016 - 02:01 GMT

Oman pushes through with waterfront development - with or without partners

Careem has experienced rapid growth since its lauch four years ago. (File photo)
December 1st, 2016 - 12:00 GMT

Careem eyes expansion in 15 MENA cities

The new group will seek to encourage self-regulation among advertisers, agencies and publishers. (Flickr/Elvert Barnes)
December 1st, 2016 - 11:00 GMT

Conscientious: Advertising Business Group to promote ethical advertising in MENA

Algerian Prime Minister Abdelmalek Sellal: Tunisian Assembly President Mohamed Ennaceur; the Emir of Qatar, Tamim bin Hamad al-Thani; Tunisian President Beji Caid Essebsi, French Prime Minister Manuel Valls and Tunisian Prime Minister Youssef Chahed at Tunisia 2020.  (AFP/Fethi Belaid)
December 1st, 2016 - 10:00 GMT

Tunisia 2020 investment conference: 145 mega projects on offer

Al-Rajhi Bank is the largest Islamic bank in the world, with assets of SR331.4 billion ($88 billion) at the end of first half of 2016. (Al Rajhi Bank)
December 1st, 2016 - 09:00 GMT

Saudi Islamic banks stable, but profitability will remain under pressure: Fitch

The finance for this water project is also in response to Jordan’s call to help in dealing with the consequences of the Syrian crisis. (AFP/File)
December 1st, 2016 - 08:00 GMT

France grants Jordan $140M soft loans for finance, water sectors

The Coca-Cola beverages produced in the new bottling plant will be distributed in Gazan communities through 18 branded trucks which will move from city-to-city and from village-to-village. (Flickr)
December 1st, 2016 - 07:00 GMT

Coca-Cola inaugurates $20M bottling plant in Gaza

Banking sources estimated CI Capital's market value at near 1 billion Egyptian pounds ($56 million). (File photo)
December 1st, 2016 - 06:00 GMT

Egypt's Commercial International Bank close to finalising sale of CI Capital

The deal promises to revive the tattered finances of countries from Venezuela to Libya and restore flagging confidence in the producer bloc that controls 40 per cent of the world’s oil. (File photo)
December 1st, 2016 - 05:04 GMT

OPEC agrees to first output cut deal in eight years

The ministry has received many complaints from domestic workers about how they are treated by their employers, as well as from households employing domestic workers. (AFP/File)
November 30th, 2016 - 12:30 GMT

Lebanon shutters nearly 200 domestic worker recruitment agencies over illegal labor practices

A key factor behind declining construction costs has been the lower profit margins charged by building contractors. (File photo)
November 30th, 2016 - 11:30 GMT

Easing price drops do not spell recovery in troubled Saudi construction market

The UK flight ban was put in place after the October 2015 crash of a Russian airliner in Sinai shortly after it took off from Sharm El-Sheikh. (File photo)
November 30th, 2016 - 10:30 GMT

UN World Tourism Organization urges UK to resume flights to Sharm El Sheikh

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