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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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According to industry expert Shaheen Chohan, oil prices could drop to $60 a barrel in the next 12-18 months. (Al Bawaba/File)
October 5th, 2015 - 03:53 GMT

Middle East governments expected to tighten their belts as oil prices continue to fall

Al Bawaba
October 5th, 2015 - 10:26 GMT

Rotana plans six new hotels in Saudi Arabia by 2017

Al Bawaba
October 5th, 2015 - 09:37 GMT

Lebanon: Turkish power firm denies violating labor laws

Al Bawaba
October 5th, 2015 - 09:07 GMT

Global Islamic Economy Summit opens in Dubai

Al Bawaba
October 5th, 2015 - 08:24 GMT

Building bridges to fun: $68M contract awarded for infrastructure links to Dubai theme parks

Al Bawaba
October 5th, 2015 - 08:10 GMT

Egypt: More setbacks for stalled Renaissance Dam project

Al Bawaba
October 4th, 2015 - 07:28 GMT

Egypt throws a punch at Etisalat ad for promoting domestic violence

Al Bawaba
October 4th, 2015 - 06:29 GMT

Wheels that wow will roll up to Riyadh for Luxury Motor Show

Al Bawaba
October 4th, 2015 - 05:23 GMT

Ready set invest! Youth investment camp to begin Monday in Kuwait

Saudi Prince Al Waleed Bin Talal Al Saud is the wealthiest Arab in the world with $22.6 billion. (Al Bawaba/File)
October 4th, 2015 - 04:15 GMT

Where's the wealth? Nearly half of Middle East's ultra wealthy live in Saudi or UAE

Jordan and Lebanon have welcomed 627,287 and 1.183 million Syrian refugees respectively. (File photo)
October 4th, 2015 - 11:00 GMT

Is the GCC simply throwing money at the refugee crisis?

Al Bawaba
October 4th, 2015 - 10:44 GMT

UAE: Sheikh Mohammed launches Global Initiatives foundation with $273M annual budget

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