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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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Shell’s Vice Executive President Upstream Joint Ventures Gerald Schotman, for his part, said that the growth of natural gas production in maritime areas in Egypt plays a crucial role in the renaissance of gas.
October 17th, 2019 - 06:21 GMT

Egypt: Oil Sector Achieves Highest Investment Rate Value at $30 Billion

The charges unsealed in federal court in Manhattan mirror those against one of Halkbank’s former executives, Mehmet Hakan Atilla.
October 17th, 2019 - 05:56 GMT

US Charges Turkey's Halkbank With Participating in Scheme to Evade Iran Sanctions

IMF stated that the world economy is slowing to its weakest pace
October 16th, 2019 - 01:00 GMT

IMF Hails Saudi Non-Oil Sector’s Growth

The city continues to welcome an increased number of Chinese visitors with positive 12 per cent year-on-year growth
October 16th, 2019 - 12:30 GMT

Chinese Tourists Can Now Get Instant VAT Refunds at Dubai Airports

Italian energy company Eni is gearing up to start drilling for the first oil exploratory
October 16th, 2019 - 12:00 GMT

Bahrain Oil Investments Reach $8 Billion

Facebook is already running a Trump campaign ad that was rejected by CNN and NBC.
October 16th, 2019 - 11:30 GMT

Opinion: What Will Facebook’s Role Be in 2020 Election?

OPEC+, have pledged to cut production by 1.2 million barrels per day (bpd) until March 2020
October 16th, 2019 - 11:00 GMT

OPEC, Allies to Maintain Oil Market Stability Beyond 2020

The pair struck six agreements.
October 16th, 2019 - 10:30 GMT

UAE, Russia Sign Deals Worth $1.3 Billion

34,000 expatriate workers left Oman’s private sector in 2018
October 16th, 2019 - 09:00 GMT

Oman to Track Expats’ Remittance

The country's budget revenues rose 19.5% to hit $116.1 billion year-on-year in Jan.-Sept.
October 16th, 2019 - 08:30 GMT

Turkey’s Budget Posts $15.3 Billion Deficit Within 9 Months

The IMF expects a slight rebound in 2020 but warns of threats ranging from heightened political tensions in the Middle East
October 16th, 2019 - 08:00 GMT

IMF Projects Jordan’s Economy to Grow by 2.2 Percent

The UAE Central Bank, last month, revised the country's forecast upward by 0.4 per cent to 2.4 per cent for 2019
October 16th, 2019 - 07:30 GMT

IMF Slashes UAE’s Growth Outlook to 1.6 Percent

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