Economics and Policy Saudi Arabia wants to raise its crude oil production capacity from its current 12.5m barrels per day to 15m barrels per day by 2020, a prince in the kingdom was quoted as saying. More from Arabian Business Egypt's government must seek political compromise to win broad support for a crucial IMF loan in order to revive the country's ailing economy, a senior opposition figure, Mohamed ElBaradei, said. More from Reuters Qatar is wary of a major spike in inflation as the country embarks on a spending spree ahead of the 2022 World Cup. More from Reuters Companies and Business Royal Dutch Shell says it has officially kicked off a multibillion-dollar project to tap natural gas in Iraq's south. More from Associated Press EFG Hermes, one of the largest investment banks in the Middle East, plans to cut costs, sell non-core assets,
