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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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A first exploration well is scheduled to be drilled in the first half of next year.
August 28th, 2019 - 11:45 GMT

Qatar to Enter Exploration Blocks in Namibia

Jordanian girls wave the flag of Jordan.
August 28th, 2019 - 11:24 GMT

Continuous Protests in Jordan Reflect Economic Frustration

Total revenue as of mid-2019 was 5.5 billion compared to 4.9 billion in the same period last year.
August 28th, 2019 - 10:24 GMT

Oman's Budget Deficit Drops 53 Percent in H1 2019

Experts say water scarcity is chronic in the Arab world, and will continue to increase due to limited renewable resource.
August 28th, 2019 - 09:53 GMT

How to Solve the Water Scarcity Issue in the Middle East

Khamenei is said to have issued a fatwa against nuclear weapons in 2003 and has reiterated it several times since.
August 28th, 2019 - 08:31 GMT

Rouhani Demands US to Withdraw All sanctions for Talks on Iran's Nuclear Deal

The ministry warned employers against forcing new mothers from returning to work during maternity leave, saying this would result in a fine of SAR10,000 (USD2,600).
August 28th, 2019 - 08:28 GMT

Saudi Arabia Introduces New List of Labor Violations, Penalties

Avia demands the return of $35 million the Russian company paid to secure the order for the airplanes, $75 million for lost profits and $115 million in compensatory damages.
August 28th, 2019 - 08:25 GMT

Russian Conglomerate Sues Boeing Over Delayed Deliveries of Max 8

Services sector recorded a 0.4 per cent growth in value of output at RO3.478bn in the first three months of this year against RO3.465bn in the same period a year ago.
August 28th, 2019 - 08:06 GMT

Oman’s Nominal GDP Falls 1.6 Percent in Q1 2019

In this July 4, 2018, file photo, the Huawei logo is seen at a Huawei store at a shopping mall in Beijing.
August 28th, 2019 - 07:42 GMT

US Receives Over 130 Licence Requests to Sell to Huawei

Offshore Jackup Drilling Rig in the Gulf Of Suez.
August 28th, 2019 - 07:06 GMT

Egypt Expands Oil, Gas Drilling in Gulf of Suez

Gold ingots was the top product re-exported from Bahrain, with its value totalling BD11 million.
August 28th, 2019 - 06:55 GMT

Bahrain-Origin Exports Exceed $606 Million in July

Gold prices sustained an upward trend in past few weeks.
August 28th, 2019 - 06:35 GMT

Gold Demand in UAE May Rise Despite Exponential Surge in Yellow Metal Prices

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