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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
December 29th, 2015 - 07:00 GMT

UAE and China reach for the stars with MOU on outer space research

Al Bawaba
December 29th, 2015 - 05:50 GMT

Stealth construction: Israel plans more than 63,000 new settlement homes in West Bank

Next year's revenues are forecast at $137B. (File photo)
December 28th, 2015 - 05:52 GMT

Saudi announces $224B budget for 2016

Al Bawaba
December 28th, 2015 - 04:00 GMT

The UAE's cruise industry is in shipshape

Al Bawaba
December 28th, 2015 - 03:00 GMT

Saudi Arabia pips UAE in internet engagement survey

Al Bawaba
December 28th, 2015 - 02:00 GMT

Iran bases new budget on oil at $35

Al Bawaba
December 28th, 2015 - 12:00 GMT

UAE cancels six-month employment ban

Al Bawaba
December 28th, 2015 - 11:00 GMT

Renaissance Dam talks resume in Khartoum after 'difficult' tenth round

Al Bawaba
December 28th, 2015 - 09:59 GMT

OPEC forecasts 47 percent rise in global energy demand by 2040

Al Bawaba
December 28th, 2015 - 09:39 GMT

Dubai's zero-deficit, 2016 budget targets social development and infrastructure

Al Bawaba
December 28th, 2015 - 09:23 GMT

New reservoir and pipeline to become the 'backbone of Southern West Bank infrastructure'

Al Bawaba
December 28th, 2015 - 08:15 GMT

Egyptian exports get a boost with $500M African Export-Import Bank agreement

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