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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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Equity markets in Europe pared losses following Trump's statement about US-China trade talks resumption.
August 27th, 2019 - 07:00 GMT

How Equity Markets Reacted After Trump's Latest Statement at G7 Summit

The UAE stock market is currently performing worse than in any year since 2008 and has been affected by reduced interest in the Emirates real estate market.
August 26th, 2019 - 10:27 GMT

How Attractive Is UAE Financially to Global Tech Firms?

Since 2000, the electric transmission network in the Kingdom has witnessed significant growth reaching a length of about 84,000 kilometers.
August 26th, 2019 - 10:18 GMT

Saudi Arabia Aims to Become Regional Electricity Hub Between Asia, Africa

The devices mentioned in the suit are Apple's iPhone 7 Plus, iPhone 8 and iPhone X, and Samsung's Galaxy S8 and Galaxy Note8.
August 26th, 2019 - 09:56 GMT

Apple, Samsung's Smartphones Sued Over Harmful RF

The tumbling began after Trump responded angrily on Twitter following China’s announcement of new tariffs on $75 billion in US goods.
August 26th, 2019 - 09:27 GMT

Asian Shares Plunge Amid US-China Trade War Escalation

Trump’s counterparts, including Johnson, are trying to convince him to back off his trade wars with China and other countries, which they see as contributing to the economic weakening.
August 26th, 2019 - 09:25 GMT

White House on US-China Trade War: Trump Regrets Not Raising Tariffs Higher

JREEEF is scheduled to implement the project in 10 Aqaba hotels during 2019 and 2020, while execution in the remaining 30 hotels will be done at a “later stage”.
August 26th, 2019 - 09:09 GMT

48 Hotels to Go Green in Jordan

Qatar faces several challenges including continued sensitivity to volatile global energy prices and capital flows as well as increasing LNG competition (especially from Australia and the US), which could put downward pressure on prices.
August 26th, 2019 - 08:48 GMT

Qatar Non-Oil Activity Buoyed by Government Investment

Over the week, WTI lost 1.3%, while Brent rose 1.2%.
August 26th, 2019 - 08:36 GMT

Oil Prices Plummet After China Unveils Retaliatory Tariffs Against US

RuPay is run by the National Payments Corporation of India and competes with other global card payments systems.
August 26th, 2019 - 08:10 GMT

India's RuPay Card System Launches in Bahrain

MAG City features 48,000 sq m of public facilities, including a private clinic, nursery, and mosque; around 8,000 sq m of retail space; and 84,211 sq m of public parks and green areas complete with a jogging and bicycle track.
August 26th, 2019 - 07:44 GMT

Chinese Company Wins $500 Million Contract to Construct MAG City in Dubai

Over the weekend, the US imposed 10 per cent additional tax on $550 billion Chinese imports and China announced retaliatory tariffs on $75 billion worth of US imports.
August 26th, 2019 - 07:31 GMT

GCC Bourses Witness Massive Sell-Off Due to US-China Trade War Escalation

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