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Shell company building

July 30th, 2026 - 09:20 GMT

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 ...

Several Boeing 777X aircraft are seen in various stages of production during a media tour of the Boeing 777X at the Boeing production facility in Everett, Washington, US, on February 27, 2019.

September 8th, 2019 - 06:02 GMT

Boeing Suspends Load Test for New 777X Aircraft

During the conversation, they discussed relations between the two countries and aspects of bilateral cooperation

September 7th, 2019 - 04:00 GMT

Saudi Arabia, Iraq Confirm Joint Coordination to Stabilize Oil Markets

Despite Bahrain losing ground in terms of working abroad and family life, expats are still generally happy with both aspects of life abroad.

September 7th, 2019 - 02:00 GMT

Bahrain Remains Best Place for Expatriates Living in the Middle East

Most affected sectors will be automotive by a trade loss worth up to $1.2 billion

September 7th, 2019 - 01:00 GMT

Turkey May Lose Trade Up to $3 Billion Under No-Deal Brexit

Molla also said that the ministry is working to encourage Egyptian companies engaged in research and exploration activities

September 7th, 2019 - 11:00 GMT

Egypt Signs Two Agreements Explore Oil, Gas in Western Desert

Sharp falls in the cost of electricity from wind and solar over recent years have transformed the choice facing policy-makers.

September 7th, 2019 - 10:00 GMT

Global Renewable Energy Sector Investments to Reach $2.6 Trillion End 2020

The Trump administration has been pressuring China for more than two years to make a trade deal that would strengthen its protections for American intellectual property

September 7th, 2019 - 08:00 GMT

Trump: China Will Suffer as Data Shows Trade War Hurting US Factories

Apple Inc store front in Omotesando, Tokyo.

September 5th, 2019 - 10:40 GMT

Apple to Open Its Largest Store in Japan on September 7

keeping the Lebanese pound at 1,500" is the only stable way to proceed with the government's reforms

September 5th, 2019 - 10:14 GMT

Lebanon to Cut Budget Deficit to 7 Percent of GDP Next Year

More than 200 trucks, 100 from each country, including individually and corporately-owned trucks, are participating in the transport process, the Energy Ministry said in a statement.

September 5th, 2019 - 09:34 GMT

Jordan Receives the First of Daily Iraqi Oil Shipments

The downgrades and tensions over the border with Israel and inside Lebanon led for the first time in years to the U.S. dollar reaching 1,560 Lebanese pounds on the black market in recent weeks for the first time in more than two decades.

September 5th, 2019 - 08:48 GMT

S&P Warns on Drawdown of Foreign Currency Reserves in Lebanon

State-owned China National Petroleum Corporation (CNPC), one of the country’s “big three” producers, holds an 80% stake in Phase 11 after French major Total’s withdrawal in August 2018 in response to US sanctions.

September 5th, 2019 - 07:27 GMT

Iran, China Update $400 Billion of Chinese Investment Deal