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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 contracts contain in-country value terms to support growth and industry development in Oman. (Shutterstock)
November 17th, 2015 - 09:59 GMT

Oman's PDO signs $650M in deals for centrifugal compressor projects

The aftermath of last week's twin suicide blasts in Beirut which left 37 dead and 181 injured. (AFP/Joseph Eid)
November 17th, 2015 - 03:00 GMT

Economic cost of terrorism rose to $52.9B in 2014: Global Terrorism Index

Al Bawaba
November 17th, 2015 - 02:00 GMT

Bahrain's budget deficit expected to be largest in GCC: NBK

Al Bawaba
November 17th, 2015 - 01:00 GMT

MENA's luxury market growth hit by lower tourist numbers

Al Bawaba
November 17th, 2015 - 12:00 GMT

Oman: over 16,000 deported in illegal labor crackdown

Al Bawaba
November 17th, 2015 - 11:00 GMT

MENA looks to private sector to address expected surge in youth unemployment

Al Bawaba
November 17th, 2015 - 10:00 GMT

After gas discovery, Egypt aims for energy self-sufficiency by 2022

Al Bawaba
November 17th, 2015 - 09:13 GMT

What a waste: Lebanon's trash crisis is a concern for the Arab world too

Al Bawaba
November 17th, 2015 - 08:19 GMT

UAE to invest $18B towards creating an innovation-based economy

Al Bawaba
November 17th, 2015 - 07:15 GMT

US State Department approves $1.29B arms deal to Saudi Arabia

Previously, Arabtec said it would build one million homes in Egypt. It is unclear whether the 13,000 homes are included in the project. (Al Bawaba/File)
November 16th, 2015 - 07:24 GMT

Arabtec seeks approval to build 13,000 homes in Egypt

Al Bawaba
November 16th, 2015 - 06:53 GMT

MENA stocks drop to 2015 lows in aftermath of Paris attacks, oil slump

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