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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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Turkey's Export Master Plan revealed at the end of last month prioritized some Latin America countries.
September 15th, 2019 - 07:00 GMT

Turkey Eyes Exporting to Latin America

UAE has achieved the expected growth rate and continued to bring in more foreign direct investment.
September 15th, 2019 - 06:30 GMT

UAE Records 6 Percent Growth in New Business Licences

Travelers spent 78.4 million nights outside the kingdom in July and August
September 15th, 2019 - 06:20 GMT

Tourism Spending in Saudi Arabia Exceeds $9.6 Billion in Two Month

Saudi Arabia and Russia called on all producers to comply with oil output cuts under an OPEC-led supply deal.
September 14th, 2019 - 01:00 GMT

Saudi Arabia Continues Its Commitment to OPEC+ Oil Cuts

The project, launched last year, has been met with caution by banks.
September 14th, 2019 - 11:00 GMT

Europe to Launch Public Digital Currency

The estimated total of Saudi job-seekers during the Q2 is one million.
September 14th, 2019 - 10:00 GMT

Saudi Arabia's Unemployment Rate Drops to 12.3 Percent in Q2

Intra-EU28 trade rose 2.3% to reach €2.1 trillion ($2.37 trillion) year-on-year in the same period.
September 14th, 2019 - 09:00 GMT

EU Trade Deficit Hits $11.5 Billion

India will become the top energy consumer in the next 15 years
September 12th, 2019 - 01:00 GMT

UAE’s Role in India’s Transition to a Gas-Based Economy

Gas will increasingly complement variable renewables, meeting demand in peak periods such as winter in colder climates.
September 12th, 2019 - 12:30 GMT

Global Upstream Gas Capital Expenditure to Reach $737 Billion in 2025

Saudi Arabia is proud to be one of the first countries to work with the organization in the preliminary studies for the Measuring Sustainable Tourism (MST) project
September 12th, 2019 - 12:00 GMT

Saudi Arabia to Open Its Doors to International Tourists by End of 2019

Algeria has been looking into economic reforms in recent years as lower energy prices undermined its fiscal position.
September 12th, 2019 - 11:30 GMT

Algeria Mulls Allowing Foreign Ownership in Some Sectors

One of the most important challenges in making these treaties operational is that exporters in each country will prefer to trade in world currencies rather than national one.
September 12th, 2019 - 11:00 GMT

Monetary Treaties: Iran’s Key to Unsanctioned International Trade

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