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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 9th, 2015 - 06:00 GMT

Egypt: Corruption case stokes stock market fears

Gaza reconstruction has been hampered by the lack of building materials and funding shortfalls. (AFP/File)
September 9th, 2015 - 04:45 GMT

Turkey to rebuild 9 Gaza mosques, pushes for creating industrial zone in West Bank

Al Bawaba
September 8th, 2015 - 06:44 GMT

Arabs to serve up to seven years in Israeli prison for helping finance Hamas social welfare programs

Al Bawaba
September 8th, 2015 - 06:14 GMT

OPINION: How Syria's banks are countering politics in a war-torn economy

Al Bawaba
September 8th, 2015 - 05:16 GMT

Egypt slashes plans to build affordable housing with UAE's Arabtec: report

Al Bawaba
September 8th, 2015 - 04:31 GMT

Middle East faces major shortage of middle-income housing

Iran used to export 200,000 barrels per day to the European country before the US imposed sanctions. (AFP/File)
September 8th, 2015 - 02:50 GMT

Iran 'ready' for Spain oil exports to return to levels before sanctions

Al Bawaba
September 8th, 2015 - 01:05 GMT

Egyptian prime minister: No cabinet reshuffle after corruption case

Al Bawaba
September 8th, 2015 - 12:38 GMT

Lebanon sees $1.32 billion deficit in payments this year

Al Bawaba
September 8th, 2015 - 08:00 GMT

France backs EU label plan for Israeli settlement products

The union demands broadly overlap those of the mass protests led by #YouStink, but are not entirely congruent. (Twitter)
September 8th, 2015 - 07:00 GMT

Lebanon: Public sector unions vote to strike, join demonstrations

Al Bawaba
September 8th, 2015 - 05:30 GMT

Carlson Rezidor to open Radisson Blu hotel in Erbil

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