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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 ...

In July 2018, Egypt's headline inflation rate was 13.5%.

August 8th, 2019 - 10:30 GMT

Egypt’s Consumer Price Inflation Slows to 8.7 Percent in July

Russia had suspended the visa-free regime in late 2015 amid tensions over the downing of a Russian jet along the Turkish-Syrian border.

August 8th, 2019 - 10:00 GMT

Visa-Free Travel Comes Into Effect Between Turkey and Russia Starting Today

The discussions focused on bilateral relations between Riyadh and Washington

August 8th, 2019 - 09:30 GMT

Saudi, American Energy Ministers Discuss the Condition of the Oil Market

Last month, the cash surplus of $730 million represents the Treasury's cash revenues plus privatization and fund income minus expenditures, including interest payments.

August 8th, 2019 - 09:00 GMT

Turkey's Treasury cash balance sees surplus of $730 million in July

ADB is committed to providing wide-ranging support to strengthen Pakistan’s economy and reduce the risk of external economic shocks.

August 8th, 2019 - 08:30 GMT

Asian Development Bank Approves $500 Million Loan for Pakistan

In May, the current account posted a $151 million surplus, versus a $6.17 billion deficit in the same month last year.

August 8th, 2019 - 08:00 GMT

$376 Million Turkey’s Current Account Deficit Balance in June

Oman’s gas production over the three years before that had hovered close to the 1.5 million cubic feet mark, but never crossed it.

August 8th, 2019 - 07:30 GMT

Natural Gas Production Crossed 1.5 Million Cubic Feet in 2018 in Oman

Jordan currently has the capacity to send 26 megawatts to the cities of Jericho and Ghor

August 8th, 2019 - 07:00 GMT

Palestine, Jordan Sign MoU to Cover the Need of Oil Market Derivatives

Ahead of Eid Al Fitr, a total of 2,000 loans, valued at Dh3.4 billion, were awarded as part of the programme’s first instalment this year.

August 8th, 2019 - 06:30 GMT

Abu Dhabi Releases $435 Million Housing Loans

The government also remains committed to the Aramco IPO, which is expected to take place between 2020 and early 2021.

August 8th, 2019 - 05:44 GMT

Saudi Arabia Leads Region IPO Activity

The Iranian and Iraqi delegations also agreed to gear up the efforts to help investors engage in joint projects in the two neighboring countries.

August 7th, 2019 - 01:00 GMT

Iran, Iraq Sign MoU to Boost Trades Between Countries

Around five million out of 45 million citizens use the internet in Sudan.

August 7th, 2019 - 12:03 GMT

Internet Prices up 15 Percent in Sudan Despite Poor Services