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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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Prices are likely to break out of the current $55-65 a barrel options range, to test the high of $70s as currently supported by fundamentals
September 17th, 2019 - 06:30 GMT

Oil May Hit $75 Level If Saudi Outage Prolongs for More Than Six Weeks

2020 show would be more important than ever for the UAE’s hotel, restaurant and catering professionals
September 17th, 2019 - 06:00 GMT

UAE Retail Sector Value to Exceed $71 Billion by 2021

Iraq partly fills its power shortages by importing both electricity and natural gas from Iran.
September 16th, 2019 - 01:00 GMT

Iraq, GCCIA Sign Deals to Transmit Electricity

This should result in a substantial uptick to the real GDP growth and thus improve the per capita income thereby lifting all sectors including food.
September 16th, 2019 - 12:30 GMT

Food Consumption in Oman to Grow 4.6 Percent Annually Until 2023

The number of employed persons decreased by 802,000 to 28.5 million persons in June 2019
September 16th, 2019 - 10:30 GMT

Unemployment Rate Stands at 13 Percent in Turkey

The new tax is aimed at helping to diversify the nations’ sources of revenue.
September 16th, 2019 - 10:00 GMT

Auto Loans Drop in Bahrain by 10.3 Percent After Implementation of VAT

Iran will continue to reduce its nuclear commitments as long as the other parties fail to carry out their commitments
September 16th, 2019 - 09:30 GMT

Iran, Russia Plan on Expanding Nuclear Cooperation

The company is currently working on evaluating the final effects to determine the financial impact.
September 16th, 2019 - 09:00 GMT

4 Major Saudi Petchem Groups Cut Feedstock Supplies After Attack

Oman has truly become a haven for travellers from the GCC and Asian countries who seek to temporarily escape the heatwave.
September 16th, 2019 - 08:30 GMT

Oman Hotel Revenues Exceed $300 Million in H1 2019

Investment from the GCC and the Arab World will help Bangladesh economy achieve a higher growth rate and we are more than ready to welcome them.
September 16th, 2019 - 08:00 GMT

UAE to Invest $10 Billion In Bangladesh Infrastructure Projects

Increased funding costs are likely to impact banks amidst intensified competition for deposits and tighter liquidity in the second half.
September 16th, 2019 - 07:30 GMT

UAE Banking Industry Shows Marginal Improvement in Q2

Trump authorised the release of US supplies from its Strategic Petroleum Reserve
September 16th, 2019 - 07:30 GMT

Oil Prices Soar Due to Slashing Saudi Output by Half After Attack

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