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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 plan aims to strategically shift the country away from its long-standing dependence on oil and gas as sources of revenue
September 19th, 2019 - 11:00 GMT

Oman’s Tourism Sector to Create Half a Million Tourism Jobs by 2040

Consumer trends are maturing and leading to demand for ethical and authentic products
September 19th, 2019 - 10:30 GMT

Qatar’s consumer goods market to respond to strong growth

South Africa’s Transnet National Ports Authority is working on partnering with Qatar’s shipping company Milaha to achieve this goal
September 19th, 2019 - 10:00 GMT

Qatar, South Africa in Talks to Start Direct Shipping Links to Boost Trade

Tariff rates for export of raw minerals will increase by 25 percent
September 19th, 2019 - 09:30 GMT

Iran to Increase Tariff Rate on Raw Minerals starting September 22

BRICS is a group of world's biggest developing economies and includes the five nations which are also members of the G20.
September 19th, 2019 - 09:00 GMT

BRICS to Assume Half of Global Economy in 10 Years

The CBJ has financed some 1,109 projects with a total value of JD738 million under the soft-financing programme
September 19th, 2019 - 08:30 GMT

CBJ Lowers Interest Rate by 25 Basis Points

The Arab Future Cities Summit highlighted the region’s rapid development to become a global leader in smart cities
September 19th, 2019 - 08:00 GMT

MEA Smart Cities Market Poised for Strong Growth by 2022

Dubai must deliver the infrastructure required to meet the needs of a growing population
September 19th, 2019 - 07:30 GMT

Dubai Sees Public Private Partnership Projects in the Coming Few Year

Aramco continued to supply the markets without interruption and therefore revenues should continue as they are
September 19th, 2019 - 07:00 GMT

Saudi Attacks on Oil Infrastructure Have “Zero” Impact on the Economy

The measure will take effect as of Thursday, September 19.
September 19th, 2019 - 06:30 GMT

UAE Central Bank Reduces Interest Rates by 25 Basis Points

Moody's estimates that GCC investment managers had $260 billion of assets under management (AUM) as of December 2018.
September 19th, 2019 - 06:00 GMT

Moody’s: Saudi's New Laws Boost Credit Quality, Attract Investment

The Lebanese pound has been pegged at its current level against the US dollar for more than two decades
September 19th, 2019 - 05:30 GMT

Lebanon: Economic Growth Zero if Not Negative

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