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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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The new measures follow a round of sanctions imposed last month that targeted the Islamic Republic's export revenues from industrial metals.
June 8th, 2019 - 12:00 GMT

US Hits Iran Again with New Sanctions on Its Petrochemical Industry

People who already own Huawei smartphones with those apps will be unaffected by the suspension
June 8th, 2019 - 09:00 GMT

No More Facebook Apps on Huawei Mobiles

Qatar was in the process of ‘opening up’ its economy
June 7th, 2019 - 11:51 GMT

Qatar to Diversify Energy Sources Using Its Sovereign Fund

Moroccan banks in Africa to expand their operations and grant priority to technological developments.
June 6th, 2019 - 07:00 GMT

Moroccan Banks Investment Exceed $1.84 Billion in 10 Years

The UAE has been attracting a lot of talent from all over the world and is one of the top choices for the richest.
June 6th, 2019 - 06:30 GMT

Report: UAE Among World’s Top 10 Markets for Billionaires

If the US thinks that the Chinese government will allow one of its star companies to be crushed without retribution, then it’s deluded.
June 6th, 2019 - 06:00 GMT

The Ban on Huawei by Trump Could Be the Start of the Greatest Trade War Ever

Luxury properties include recreational chalets and buildings.
June 5th, 2019 - 02:04 GMT

Luxury Rentals in Saudi Arabia Witnessed Major Growth in Demand During Eid

Risk aversion due to escalating trade tensions between the US and China could lead to an appreciation of safe-haven currencies such as the dollar and franc.
June 5th, 2019 - 08:03 GMT

The Winners and the Losers in the Trade War Between US and China

Turkey’s political situation has been unstable since the results of the Istanbul mayoral race were canceled and the vote was set for a re-run on June 23.
June 4th, 2019 - 12:02 GMT

Starting Next Month Turkey Buys Oil From Iraq Instead of Iran

The jobless rate of the total Saudi population, including expatriates, dropped to 5.7 percent compared to 6 percent during Q4 of 2018.
June 4th, 2019 - 11:54 GMT

Unemployment Rate Drops to 12.5 Percent in Saudi Arabia

Since Instagram did not officially release a statement about the outage, it remains unclear what may have triggered it. 
June 4th, 2019 - 11:28 GMT

For Unknown Reasons Instagram Is Suffering Another Global Breakdown

The total VAT collection was also close to the UAE's nine-month of surplus, which stood at Dh28 billion during the January-September 2018 period.
June 4th, 2019 - 08:17 GMT

125 Percent Increase in UAE’s VAT Collections in 2018

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