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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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As many UAE residents shop for Chistmas, they realize just how expensive toys can be. (Shutterstock)
December 13th, 2015 - 09:28 GMT

Kids play and and parents pay as UAE toys and games market reaches $1B

Al Bawaba
December 13th, 2015 - 08:43 GMT

Experts: MENA schools should foster entrepreneurs

Al Bawaba
December 13th, 2015 - 02:00 GMT

Egypt denies claims that Renaissance Dam talks have failed

The centre will also help in facilitation of trade exchanges and strengthening the role of the state and the emirate in industry and trade areas. (File photo)
December 13th, 2015 - 01:37 GMT

Islamic economy takes center stage with new Emirates Global Centre for Accreditation

Al Fanar Mall, Kuwait. (Q8 Living)
December 13th, 2015 - 12:00 GMT

GCC firms fear higher operating costs with new VAT: survey

Al Bawaba
December 13th, 2015 - 11:00 GMT

Jordan eyes African markets in bid to boost exports

The latest impetus has risen on the agenda following Israel's announcement of plans to exploit gas reserves off the southern coast. (File photo)
December 13th, 2015 - 10:00 GMT

Will Lebanon finally pave the way for approval of gas exploration tender?

While GCC banks have adequate liquidity, Fitch says that banking performance indicators will be affected by lower credit demand and rising funding costs. (Shutterstock)
December 13th, 2015 - 09:14 GMT

Cheap oil hits GCC banks’ ratings: Fitch

Al Bawaba
December 13th, 2015 - 07:30 GMT

A yen for something different: UAE seeks more trading partners in wake of Sino-slump

Al Bawaba
December 13th, 2015 - 05:11 GMT

COP21: 'Historic' climate change deal reached in Paris, but is it enough?

Al Bawaba
December 10th, 2015 - 11:59 GMT

November brings Egypt's highest inflation rate increase in six months

Al Bawaba
December 10th, 2015 - 11:33 GMT

Public cloud services to take MENA by storm in 2016

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