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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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The New Suez Canal opened on August 6, 2015. (Al Bawaba/File)
November 29th, 2015 - 10:55 GMT

Sisi declares Suez Canal project area economic zone

Al Bawaba
November 29th, 2015 - 12:28 GMT

With rising consumption, Saudi Arabia throws its weight behind gas exploration

Al Bawaba
November 29th, 2015 - 11:00 GMT

Jordan to conduct population census for first time in a decade

Al Bawaba
November 29th, 2015 - 09:59 GMT

Dubai aims to be the global center of clean energy by 2050

Al Bawaba
November 29th, 2015 - 09:00 GMT

Iran woos oil and gas giants at its biggest industry event

Turkey's first nuclear power plant at Akkuyu will be built in Mersin by the Russia's Rosatom for $22B. (Shutterstock)
November 29th, 2015 - 08:00 GMT

Turkish-Russian relations: What will happen to mega projects, natural gas exports?

Al Bawaba
November 29th, 2015 - 07:00 GMT

Islamic branchless banking launched in Pakistan, in an industry first

Al Bawaba
November 29th, 2015 - 05:55 GMT

Warming of ties: UAE to host new Israeli mission at International Renewable Energy Agency

Al Bawaba
November 29th, 2015 - 05:21 GMT

Jordan, UAE sign three-year agreement to support innovation, R&D, SMEs

“We have seen some significant international effort to eliminate funding lines off Daesh. This effort is being led by a number of Saudi officials," said White House spokesman Josh Earnest. (Al Bawaba/File)
November 26th, 2015 - 04:49 GMT

Efforts to cut Daesh funding led by Saudi: White House

Al Bawaba
November 26th, 2015 - 04:35 GMT

Oman's ORPIC in talks to award $4.5B contract for plastic manufacturing complex

Al Bawaba
November 26th, 2015 - 04:19 GMT

Dubai housing prices expected to continue to decline in 2016

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