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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 7th, 2016 - 05:07 GMT

As oil prices drop to new low, UAE stocks suffer

The value of the Egyptian pound has recently declined significantly against foreign currencies. (Al Bawaba/File)
January 7th, 2016 - 04:54 GMT

Egypt looks to protect local industries with luxury imports ban

The decision is part of an escalating dispute between Iran and Saudi Arabia. (Al Bawaba/File)
January 7th, 2016 - 04:24 GMT

Amid intensifying feud, Iran bans all Saudi imports

Al Bawaba
January 7th, 2016 - 01:51 GMT

Al Habtoor City Cairo mega-development to cover 800,000 square meters

Al Bawaba
January 7th, 2016 - 01:21 GMT

New support facilities planned for Mecca prisons

Al Bawaba
January 7th, 2016 - 11:58 GMT

Etihad investigating 2013 security breach involving data from 7000 customers

Al Bawaba
January 7th, 2016 - 10:34 GMT

WestPoint Home to expand Bahrain manufacturing unit with $9M

Al Bawaba
January 7th, 2016 - 10:00 GMT

Africa 24 satellite news channel to launch with Arabic and English content

Prices have dropped due to excess supply of crude steel from China, according to industry expert Ghada Alaa. (Al Bawaba/File)
January 7th, 2016 - 09:00 GMT

With lower production costs, Egyptian steel producers reduce prices

Al Bawaba
January 7th, 2016 - 07:45 GMT

Tobacco smuggling drops in Lebanon following Regie Company crackdown

Al Bawaba
January 7th, 2016 - 07:18 GMT

Bahrain lawmakers push for Iran trade embargo

Al Bawaba
January 7th, 2016 - 06:36 GMT

Get your flicks fix: Netflix launches in MENA at last

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