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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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In the international market on Monday, gold prices rose over $250 per ounce to $1,500 per ounce as compared to last year.
October 9th, 2019 - 08:23 GMT

Soaring Prices of Gold Affect Its Demand in India

The UAE has experienced an economic transformation and aviation has been at the heart of this evolution.
October 9th, 2019 - 08:08 GMT

UAE's Aviation Sector to Contribute $128 Billion to the Economy by 2037

The talks stressed the readiness of the GCC armed forces to confront any terrorist threats or attacks, condemning the recent sabotage attacks in the Kingdom.
October 9th, 2019 - 07:57 GMT

Saudi Arabia Reassures World That It Will Fulfill Oil Needs

Aramco came under Yemen’s biggest retaliatory attacks ever on Sept. 11, as a result of which Saudi Arabia lost half of its production capacity.
October 9th, 2019 - 07:38 GMT

Fitch Downgrades Saudi Aramco After Cutting Down the Kingdom's Debt Rating

For the global economy, the cumulative effect of trade conflicts could mean a loss of around $700 billion by 2020, or about 0.8 percent of GDP.
October 9th, 2019 - 07:22 GMT

IMF: Global Economy Set to See Its Slowest Growth in Nearly a Decade

Economic growth slowed to an annual rate of 1.94 percent in the three months to the end of June, the second quarter in a row of decline.
October 9th, 2019 - 07:22 GMT

Nigeria: President Presents Record $33.8 Billion Budget for 2020

The Gulf countries agreed the aid package soon after former President Omar al-Bashir was ousted in April.
October 9th, 2019 - 07:13 GMT

Sudan Receives $1.5 Billion Aid From Saudi Arabia and UAE

The 15 technologies we highlight in this report could represent a $48 billion market opportunity by 2025.
October 9th, 2019 - 06:28 GMT

15 Progressive Technologies to Transform Our Lives

The Global Competitiveness Report is a flagship publication of the World Economic Forum’s Platform for Shaping the Future of the New Economy and Society.
October 9th, 2019 - 06:17 GMT

UAE Leads the Arab World in Global Competitiveness Report 2019

The announcement comes amid a visit to Abu Dhabi by Lebanese Prime Minister Saad Hariri.
October 8th, 2019 - 11:19 GMT

UAE Lifts Travel Ban to Lebanon

Apple has launched Apple Pay, Apple credit card, Apple TV and Apple TV+, so it seems big tech believes that building ecosystems is the future.
October 8th, 2019 - 11:18 GMT

What Do Tech Brands Achieve from Building Ecosystems?

Unlike cable-based services, 5G will eventually give operators low entry costs and the ability to serve highly dense urban environments that have traditionally suffered from poor connectivity.
October 8th, 2019 - 11:17 GMT

The Reasons Behind Full 5G Rollout Delays in Bahrain

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