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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
September 12th, 2015 - 07:00 GMT

Finance ministry custodian notifies Egypt of gold robbery, arrested

A prospective buyer inspects replica Lockheed Martin rockets at the 2013 DSEI arms fair in London. (Creative Commons)
September 11th, 2015 - 02:27 GMT

Big guns out: Egypt, Saudi Arabia, UAE shop at London's arms fair

Al Bawaba
September 11th, 2015 - 07:00 GMT

Israel slams EU resolution to label settlement products

Al Bawaba
September 10th, 2015 - 06:12 GMT

Lebanon approves reopening Naameh landfill for one week

Al Bawaba
September 10th, 2015 - 05:51 GMT

UN relief agency's budget woes still not over

Saudi Arabia, Kuwait and the UAE are the top three investors committed to real estate options at a finance center in Istanbul. (AFP/File)
September 10th, 2015 - 02:38 GMT

Turkey’s new financial center seeks Gulf investors in real estate

Al Bawaba
September 10th, 2015 - 02:17 GMT

Egyptian tycoon Ahmed Ezz registers for parliamentary elections despite court ruling

An asylum seeker takes a selfie with German Chancellor Angela Merkel following her visit at a camp for asylum seekers in Berlin on Sept. 10, 2015. (AFP/Bernd Von Jutrczenkia)
September 10th, 2015 - 02:06 GMT

Germany to finance refugees without social welfare cuts, tax hikes

Al Bawaba
September 10th, 2015 - 11:35 GMT

UAE, Lebanese banks set to profit from lifted sanctions on Iran: Moody's

Al Bawaba
September 10th, 2015 - 07:44 GMT

Jordan, China seal strategic cooperation agreement, includes $19M economic grant to Jordan

Residents of the Naameh landfill site are likely to resist government plans to reopen it. (AFP/Anwar Amro)
September 10th, 2015 - 06:44 GMT

Lebanon: Protesters brave sandstorm as ministers approve trash plan

Al Bawaba
September 10th, 2015 - 06:18 GMT

Hot dam! Controversial Renaissance dam project talks stalled

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