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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 price of Brent crude oil fell below $50 per barrel last Monday. (AFP/File)
August 5th, 2015 - 06:45 GMT

Brent oil prices fall to the lowest level since January

The Suez Canal opening will provide free transportation among other services. (AFP/File)
August 5th, 2015 - 06:01 GMT

What Egyptians can expect to get for free during the Suez Canal inauguration

Al Bawaba
August 5th, 2015 - 05:30 GMT

Iran increases oil production in field shared with UAE

Al Bawaba
August 4th, 2015 - 11:30 GMT

US delivers part of $1.3 billion military aid

Al Bawaba
August 4th, 2015 - 11:18 GMT

Tourism hubs in Lebanon a target for protests by hostage families

Al Bawaba
August 4th, 2015 - 11:13 GMT

Iraq's Kurdish region to sell oil, pay companies

Al Bawaba
August 4th, 2015 - 11:09 GMT

Lebanon residents in Sidon protest prolonged electricity cuts

Al Bawaba
August 4th, 2015 - 10:13 GMT

GCC food industry investment surges to $23.7B: report

Al Bawaba
August 4th, 2015 - 09:33 GMT

Dubai’s Meydan City Corp plans world’s tallest residential tower

Al Bawaba
August 4th, 2015 - 09:04 GMT

UAE’s Emirates begins more direct flights to England

German Foreign Minister Frank-Walter Steinmeier welcomes his Iranian counterpart Mohammad Javad Zarif on Jan. 15, 2015, in Berlin. (AFP/Jonh MacDougall)
August 4th, 2015 - 08:55 GMT

Germany opens bank in Iran

Al Bawaba
August 4th, 2015 - 08:40 GMT

Lebanon: Public sector salaries under threat over government impasse

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