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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 21st, 2016 - 05:47 GMT

WEF 2016: Geopolitical insecurity is Mideast CEO's top concern

Privatization of assets such as Saudi Aramco would boost government finances in the medium term. (File photo)
January 20th, 2016 - 02:00 GMT

MENA sovereign ratings face negative outlook: S&P

Al Bawaba
January 20th, 2016 - 01:30 GMT

Jet fuel from plants? Masdar to open biofuel facility in March

Al Bawaba
January 20th, 2016 - 01:00 GMT

Egypt: BP plans to double natural gas production despite weak oil

Al Bawaba
January 20th, 2016 - 12:00 GMT

NBAD goes green with $10B, ten-year commitment to support sustainable businesses

The owners of the three shopping centers did not respond to the municipality’s warning notices. (File photo)
January 20th, 2016 - 11:00 GMT

Safety violations prompt closure of three Jeddah malls

Al Bawaba
January 20th, 2016 - 10:00 GMT

China's President Jinping visits Saudi: 14 agreements signed

Al Bawaba
January 20th, 2016 - 09:00 GMT

Davos discussions: MENA should consider oil slump as an opportunity

Al Bawaba
January 20th, 2016 - 08:00 GMT

Cementing their position: Aldar Properties pushes forward with $245M investment program

Saudi's finance ministry reported 2015 revenues at $162 billion, a 15 percent decline from budgeted revenues. (File photo)
January 20th, 2016 - 07:00 GMT

IMF downgrades growth forecast for Saudi Arabia

Al Bawaba
January 20th, 2016 - 06:00 GMT

Uber Middle East seals transport deal with Starwood Hotels

Al Bawaba
January 20th, 2016 - 05:14 GMT

Bahrain's budget deficit scuppers public sector pay rise plan

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