Reuters Algeria has boosted output in recent months at two major oil fields, including the Hassi Messaoud field, an oil official said, as the OPEC member strives to maximise production to make up for lost revenue. Production at Hassi Messaoud, 800 km (500 miles) southeast of the capital Algiers, has risen to 470,000 barrels from 420,000 barrels, the official ...

  Manama / TNS Around 200 small businesses are facing major financial difficulties that could force them to close down and let go of thousands of employees. Small and Medium Enterprises (SMEs), which have been struggling to stay afloat since last year, have called for urgent measures to be taken, including new legislation, to protect them from going bankrupt. The SMEs ...

  REUTERS Saudi Arabian Mining Co (Ma’aden), the Gulf’s largest miner, beat analysts’ forecasts despite posting a 50.95 percent fall in second-quarter net profit on Monday, as sales revenues declined on low commodity prices. The firm made a net profit of 132.5 million riyals ($35.3 million) in the three months to June 30, it said in a bourse statement. This ...