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Shell company building
July 30th, 2026 - 09:20 GMT
P. Choiaqo

P. Choiaqo

Shell records more than double profits as war rages in the Middle East

ALBAWABA - British oil and gas company Shell has seen its profits more than double compared to the same period last year as oil prices surge amid Strait of Hormuz conflict between the U.S. and Iran. The company’s net profit hit $9.84 billion dollars in the second quarter of the year after Brent oil prices jumped from $60 a barrel in January to $114 in early May at the peak ...
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Al Bawaba
January 28th, 2016 - 09:30 GMT

Open sesame: Oman mulls 100 percent foreign ownership of investments

The dam project will provide more irrigation water to the region of Cap Bon. (Wikimedia Commons)
January 28th, 2016 - 08:41 GMT

Arab Fund grants $162M to Tunisia

Al Bawaba
January 28th, 2016 - 08:10 GMT

Egypt: 83 percent of Taba's hotels suspend operations

Al Bawaba
January 28th, 2016 - 06:49 GMT

Bahrain to close Iran's Manama-based Future Bank amid political tensions

Al Bawaba
January 28th, 2016 - 06:17 GMT

Jordan signs deal for armored vehicles from Kazakhstan

Al Bawaba
January 27th, 2016 - 02:00 GMT

The knell to sell: Bahrain MPs call for privatization of top state firms

Al Bawaba
January 27th, 2016 - 01:00 GMT

Dubai WorldCare Wellness Village will be the world's largest

Al Bawaba
January 27th, 2016 - 12:00 GMT

Oman to amend laws to entice foreign investment

Also included in the new cap are production machinery, pharmaceuticals, and manufacturing components. (Shutterstock)
January 27th, 2016 - 11:00 GMT

Egypt's Central Bank lifts the dollar cap on imports of essential items

Al Bawaba
January 27th, 2016 - 10:00 GMT

OSN ups the viewing stakes with six new HD channels

Al Bawaba
January 27th, 2016 - 09:00 GMT

Early to bed? Saudi Arabia mulls 9pm shop closure, 40 hour work week

The initiative features four main approaches, six objectives, 15 programmes and 93 initiatives. (Shutterstock)
January 27th, 2016 - 08:00 GMT

Dubai's Health Strategy 2021: Medical tourism and a gold standard in health

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