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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
November 24th, 2015 - 05:22 GMT

Chinese oil company to invest $10M in Egypt

Al Bawaba
November 24th, 2015 - 04:37 GMT

Sun, surf and trash? Solar-powered 'smart bins' with Wi-Fi coming to the UAE

Al Bawaba
November 24th, 2015 - 02:00 GMT

Smartwatch banking to hit 100 million users by 2020: report

Al Bawaba
November 24th, 2015 - 01:00 GMT

UAE Innovation Week: Sheikh Mohammed launches $544M innovation fund

Al Bawaba
November 24th, 2015 - 12:00 GMT

Al Jazeera's beIN seals five-year deal with Front Row Filmed Entertainment

Al Bawaba
November 24th, 2015 - 10:40 GMT

UAE banks slash hundreds of jobs in response to difficult economy

Al Bawaba
November 24th, 2015 - 10:18 GMT

Not app-ening? Internet-based calling apps won't be blocked in Saudi Arabia

Al Bawaba
November 24th, 2015 - 09:37 GMT

Iran's economy will outperform MENA once sanctions are lifted: IIF report

Al Bawaba
November 24th, 2015 - 06:16 GMT

Israel mulls gas exports to Egypt despite massive Zohr discovery

Al Bawaba
November 24th, 2015 - 05:51 GMT

Jordan to host bilateral economic forum with the UAE

Al Bawaba
November 24th, 2015 - 12:23 GMT

Emirates Group hopes to improve efficiency with driverless cars

Though GCC governments depend heavily on oil revenue, declining oil prices are pressuring them to diversify their sources of revenue. (Al Bawaba/File)
November 24th, 2015 - 12:03 GMT

Building strain of falling oil prices may accelerate GCC reforms

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