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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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Oil prices play an important role in Saudi policy-making. (File photo)
January 14th, 2016 - 05:00 GMT

Dig in! Saudi to welcome foreign investment on oil exploration

Al Bawaba
January 13th, 2016 - 02:30 GMT

More risk, or paranoia? MENA physical security solutions spend to jump to $5.2B

Al Bawaba
January 13th, 2016 - 02:00 GMT

Iran poised to unblock $30B in frozen assets overseas

Al Bawaba
January 13th, 2016 - 01:30 GMT

An uphill battle: Political situation in Lebanon hindering BSE activity

Al Bawaba
January 13th, 2016 - 01:00 GMT

Dana Gas to halve spending, cut workforce in 2016

The cause of the Address Hotel blaze on New Year's Eve remains under investigation. (File photo)
January 13th, 2016 - 12:00 GMT

UAE to begin fire safety inspections

Al Bawaba
January 13th, 2016 - 11:32 GMT

As the Saudi riyal sinks, will it depeg from the dollar?

Al Bawaba
January 13th, 2016 - 11:05 GMT

Bahrain's subsidy reductions bite: gas prices jump 60 percent

Al Bawaba
January 13th, 2016 - 10:16 GMT

Egypt's Central Bank relaxes business lending rules

Al Bawaba
January 13th, 2016 - 09:55 GMT

UAE dismisses need for emergency OPEC meeting following latest oil price drop

Al Bawaba
January 13th, 2016 - 09:29 GMT

Bahrain's Mumtalakat partners with US firm for country's first copper tube factory

Al Bawaba
January 13th, 2016 - 06:16 GMT

Egypt airports join IATA Slot Management System

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