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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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Bahrain continued to achieve a balanced growth across its diversified economy; achieving economic growth in the second quarter of 2019 supported by the growth in the non-oil sectors.
October 8th, 2019 - 11:15 GMT

Bahrain's Economy Records 0.84% Growth in Q2 2019

In its report, the rating agency projected Morocco's real GDP growth to be about 2.8 percent this year.
October 8th, 2019 - 10:53 GMT

S&P’s: Morocco's Rating Outlook Changed from Negative to Stable

The index examines 66 markets across the world and has determined each market’s potential for trade growth over the past 10 years.
October 8th, 2019 - 10:31 GMT

Oman Ranked First in the Middle East in Global Trade Key Index

The factory employs about 200 people in Rwanda -- 60% of whom are women.
October 8th, 2019 - 09:16 GMT

Rwanda Launches Africa's First Smartphone

Iran's deputy ambassador to the UN, Es'haq Al-e Habib.
October 8th, 2019 - 08:43 GMT

Iran: US Coercion Jeopardizes Global Trade System

The recently announced visa system was introduced in a bid to attract 100 million tourists by 2030 as part of the Vision 2030 program.
October 8th, 2019 - 08:43 GMT

Saudi Arabia Hosts 24,000 Tourists Within First 10 Days of New Visa Scheme's Implementation

The World Bank Group has no projects for Lebanon’s ailing electricity sector.
October 8th, 2019 - 08:11 GMT

World Bank to Help Lebanon if Reforms Are Made in Energy Sector

The purpose of the MoU is to establish and strengthen cooperation in order to carry out activities and share experiences, views, information and best practices in areas of mutual interest.
October 8th, 2019 - 07:39 GMT

OPEC Inks Deal With GECF to Strengthen Cooperation

Tadawul has begun developing rules and provisions for foreign listings in conjunction with CMA.
October 8th, 2019 - 07:29 GMT

Saudi Arabia Allows Foreign Firms to List on Saudi Exchange

At its peak, oil production in South Sudan was at 350,000 barrels a day.
October 8th, 2019 - 07:19 GMT

South Sudan Renegotiates Oil Deal With Sudan

The report said Pakistan's performance on international cooperation was moderate.
October 8th, 2019 - 07:00 GMT

Report: Pakistan Complies With 36 of 40 FATF Parameters

The blacklist effectively bars US firms from selling technology to Chinese companies without government approval.
October 8th, 2019 - 06:46 GMT

US Blacklists 28 Chinese Entities Over Allegations of Abuses in Xinjiang Region

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