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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 ...

The area is near the Strait of Hormuz, a strategic waterway through which nearly one-third of all oil traded by sea passes.

June 13th, 2019 - 10:10 GMT

BREAKING NEWS: Explosions Target Two Large Oil Tankers in Gulf of Oman

White is a Beirut and Dubai-based nightclub, and it’s set to open in the Saudi city of Jeddah this week.

June 13th, 2019 - 10:00 GMT

Saudi Arabia Takes Entertainment to a New Level by Opening Beirut-Based Nightclub

In order for Europe to help Iran with its oil exports and international banking, Iran must be able to sell oil.

June 13th, 2019 - 09:30 GMT

Iran May Change Its Stand on Nuclear Deal Due to Oil Sanctions

The order will regulate and phase out the use of plastic bags.

June 13th, 2019 - 09:00 GMT

No More Plastic Bags in Bahrain Starting July

Monetary policy is expected to gradually tighten as Qatar’s central bank resumes raising interest rates to restore the spread versus US policy rates, and to attract FX inflows into the banking system, the WB report said.

June 13th, 2019 - 08:30 GMT

World Bank: Qatar’s Economy to Expand 3 Percent Over Medium Term

Officials said the shares were sold out to the government department at exaggerated prices amounting to 210 million euros.

June 13th, 2019 - 08:00 GMT

Ex-Emirati Chairman, Expat CEO Sentenced to 15 and 10 Years in Jail Respectively

US crude inventories rose by 4.9 million barrels in the week ended June 7 to 482.8 million barrels.

June 13th, 2019 - 07:09 GMT

Oil Supply Cuts to Be Extended at Least Until End of Year

There were 330,685 foreign visitors to Oman in April 2019 – 84,452 more than the same month in the previous year, accounting for a 34.3 percent increase.

June 12th, 2019 - 10:47 GMT

While Expat Numbers Plummet in Oman, Tourist Numbers Soar

Earlier in April, Uber announced it reached an acquisition deal of $3.1 billion with Careem that’s the largest of its kind in MENA.

June 12th, 2019 - 10:40 GMT

UAE First Country to Green-Light Uber’s Acquisition of Careem

Analysts predicted that even if the Qatari pledge was real, the 15 billion it promised will not be enough to resolve the ailing economy.

June 12th, 2019 - 10:23 GMT

How Sincere Is Qatar's Pledge to Support Turkey's Deteriorating Economy?

Aside from implanting viruses, the US has long been hacking information from the terminals of Chinese customers and has been utilizing apps to tap, steal information and analyze the information they obtained, a Beijing-based military expert, who also specializes in cybersecurity, told the Global Times on Monday.

June 12th, 2019 - 10:14 GMT

China Accuses US of Most Cyber Attacks Targeting Its Networks in 2018

Egypt has well over $300 billion of known planned and un-awarded projects, which gives it a project pipeline larger than any other regional market after Saudi Arabia and the UAE.

June 12th, 2019 - 10:04 GMT

Egypt Largest Single Projects Market in Region With Over $300 Billion Projects