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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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Iraqi economic expert Bassem Jamil Antoun doubted that the agreement could be implemented given the US sanctions imposed on Iran.
July 30th, 2019 - 12:30 GMT

Iraq, Iran Sign MoC to Establish Investment Funds

The third phosphate project, which will total about $6.4 billion will make Saudi Arabia the second world’s largest producer of phosphate
July 30th, 2019 - 12:00 GMT

Saudi Arabia to Become 2nd Largest Global Phosphate Producer

The price of Brent crude remained relatively stable during the June-July period
July 30th, 2019 - 10:30 GMT

International Prices of Petroleum Products Soar in July

With the advent and integration of 5G applications marking the new generation of connectivity, the landscape of mobile gaming will forever be changed as real-time and immersive gaming becomes faster and more powerful.
July 30th, 2019 - 10:00 GMT

Qualcomm, Tencent to Partner on 5G, Gaming

Since February 2008, over €2.5 billion have been disbursed through the PEGASE Direct Financial Support programmes.
July 30th, 2019 - 09:30 GMT

EU Contributes €14.9 Million to Palestinian Hospitals

Iran’s petrochemical production capacity is expected to reach 90 million tons per year in 2020.
July 30th, 2019 - 09:00 GMT

Iran-Brazil Trade Immune to US Sanctions

The two sides also discussed the possibility of training and qualifying the administrative and the technical staffs.
July 30th, 2019 - 08:30 GMT

Syria, Russia to Enhance Economic Cooperation, Trade Exchange

The governments of the world's two largest economies have imposed billions of dollars of tariffs on each other's goods, slowing global growth and roiling markets.
July 30th, 2019 - 08:00 GMT

US Companies Get More Clarity on Huawei as US-China Talks Resume

Of total tax revenue collected in the 2018-2019 financial year, 309 billion Egyptian pounds came from VAT
July 30th, 2019 - 07:30 GMT

Egypt to Amend Its Value-Added Tax Law

Among the indicators of recession are the challenges the real estate market is facing.
July 30th, 2019 - 07:00 GMT

Anticipated Recession Threatens Qatar's Economy

With increased Expo 2020 spending, VAT revenues would easily be Dh35 billion-plus this year.
July 30th, 2019 - 06:30 GMT

UAE VAT Revenues to Soar 30 Percent in 2019

The analysis said deep poverty is highest among ethnic minorities.
July 30th, 2019 - 06:00 GMT

Over 14 Million People in Britain Live in Poverty

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