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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
October 18th, 2015 - 04:00 GMT

Saudi Arabia eyes $495M Black Hawk helicopters deal with US

Al Bawaba
October 15th, 2015 - 06:14 GMT

Kurdish $15M payment reassures UK oil company

Al Bawaba
October 15th, 2015 - 05:01 GMT

Iran supports Indonesia's return to OPEC

Al Bawaba
October 15th, 2015 - 04:44 GMT

UAE encourages entrepreneurship

Al Bawaba
October 15th, 2015 - 04:29 GMT

Egypt's upcoming elections will cost government $191M

The initiative will pay each person SR150,000 (USD40,000) to buy a special car. (Shutterstock)
October 15th, 2015 - 04:12 GMT

Saudi to pay for nearly 6,000 people with disabilities to buy a car

Al Bawaba
October 15th, 2015 - 02:00 GMT

Jordan's private tourism firms eye Russian, MICE markets

Al Bawaba
October 15th, 2015 - 11:00 GMT

Despite construction boom, MENA hotels see reduced occupancy

Al Bawaba
October 15th, 2015 - 10:44 GMT

Indonesia denies domestic worker recall from MENA

Al Bawaba
October 15th, 2015 - 10:16 GMT

Gulf banks back off aircraft financing

Al Bawaba
October 15th, 2015 - 09:35 GMT

Qatar defies oil price slump with salary increases: Hay

Egyptian Financial Minister Hany Kadry Dimian (Al Bawaba/File)
October 14th, 2015 - 07:25 GMT

World Bank to loan Egypt $3B

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