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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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Earlier this month, Egypt's central bank floated the pound and raised key interest rates, as part of a set of reforms aimed at alleviating a dollar shortage and stabilising the country's economy. (File photo)
November 20th, 2016 - 05:13 GMT

Sky high: EgyptAir pegs international ticket prices to the dollar

After the second $1 billion by January, the third chunk is expected to follow later in 2017. (File photo)
November 17th, 2016 - 01:07 GMT

Egypt to receive second billion-dollar installment from World Bank in January

In September, Novak met with Saudi Oil Minister Khalid al-Falih on the sidelines of the G20 summit in China to discuss ways to reverse a slide in crude oil prices. (AFP/File)
November 17th, 2016 - 12:00 GMT

Russian optimism on oil production talks raises hopes for Doha

As many as 49 road projects are planned, worth $5.43 billion, in addition to roundabouts, flyovers and tunnels. (Shutterstock)
November 17th, 2016 - 11:30 GMT

Oman to hit the road with $20B in transport infrastructure projects

The drop was more prominent in certain areas in Abu Dhabi, with high-end units on the Corniche seeing rates drop nine per cent year-on-year. (Shutterstock)
November 17th, 2016 - 10:30 GMT

Abu Dhabi's landlords under pressure to lower rents

Since 1995, the Egyptian government has widely interfered in determining medicine prices through providing financial subsidies to the manufacturers. (Shutterstock)
November 17th, 2016 - 09:30 GMT

Egypt addresses acute medicine shortage with imports, subsidies

Since the nationalization of Aramco in the 1980s, Saudi Arabia has consistently said the country’s proven oil reserves stand at 260 billion barrels. (File photo)
November 17th, 2016 - 08:30 GMT

Saudi oil minister vows transparency in run up to Aramco IPO

The mission, in its concluding statement, also expected the investment in infrastructure to push the economic growth in the medium term. (Shutterstock)
November 17th, 2016 - 07:30 GMT

Kuwait's non-oil sectors to enjoy 'gradual revival': IMF

As of June 30, 2016, HSBC Bank Middle East Limited had three branches in Lebanon and approximately $953 million in total assets. (File photo)
November 17th, 2016 - 06:30 GMT

BLOM's HSBC Lebanon acquisition comes closer to fruition

The project aims to meet the transportation demand of 13.9 million passengers annually by 2025 from the current 5.6 million.  (Worldbulletin.net)
November 17th, 2016 - 05:33 GMT

Islamic Development Bank grants Turkey $334M for high-speed train network

Cyber-attacks not only cost the organization significant sums in lost revenues, sometimes multi-millions of dollars, but can also cause irreparable reputational damage. (Shutterstock/Oneinchpunch)
November 16th, 2016 - 01:00 GMT

Lax defenses leave Gulf companies vulnerable to cyberattack: YouGov

Starz Play Arabia's portfolio of movies and TV series includes shows such as Showtime’s Billions, Vikings, Grey’s Anatomy, Top Gear, Quantico and The Walking Dead. (Starz)
November 16th, 2016 - 12:00 GMT

Starz Play Arabia secures multi-million dollar finance for expansion

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