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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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Iraq exported 106.6 million barrels from the country’s central and southern oil fields.
June 2nd, 2019 - 12:00 GMT

Iraq Crude Oil Exports Reaches 3.572 Million bpd in May

New Delhi was the largest beneficiary of the GSP in 2017 with $5.7 billion in imports to the U.S given duty-free status.
June 2nd, 2019 - 11:30 GMT

India Disappointed by Trump's Decision to End Trade Preferences

The costs for renewable energy technologies decreased to a record low last year.
June 2nd, 2019 - 11:00 GMT

Renewable Energy:Cheapest Source for Electricity

Since Asian refiners buy almost 60 percent of their crude intake from the Arabian Gulf, relative prices for sour crudes have been robust.
June 2nd, 2019 - 10:30 GMT

Oil Prices Plummet Again Due to Supply Fears, Economic SlowDown

The rate in Jordan in 2018 stood at 0.8 per cent, surpassing countries like Qatar, the UAE and Saudi Arabia.
June 2nd, 2019 - 10:00 GMT

Labour Productivity Rate Stands at 2 Percent in Jordan

 Lebanon could achieve higher GDP growth if the country had a good tourism season this summer.
June 2nd, 2019 - 09:30 GMT

Lebanon Should Cut Deficit to 4 Percent by 2023 to Save Its Economy

Oman has extended by another six months its decision to not issue new visas for workers
June 2nd, 2019 - 09:00 GMT

Oman Extends Expat Visa Ban for Another 6 Months

Brent touched a session low of $64.37 a barrel, lowest since March 8.
June 2nd, 2019 - 08:30 GMT

US Sanctions Affect OPEC Output Despite Saudi Boost

The 54 percent that does look forward to a fatter paycheque sometime this year have their reasons to expect the hike
June 2nd, 2019 - 08:00 GMT

Will Salaries Actually Increase in UAE as People Are Expecting?

Terrorist actions not only target the kingdom and the Gulf region, but also target the safety of navigation and world oil supplies.
June 2nd, 2019 - 07:30 GMT

Saudi Arabia: Regional Terrorist Attacks May Threaten Oil Supplies

Huawei is one of the largest networking and telecoms equipment manufacturers, purportedly leading the 5G revolution.
June 2nd, 2019 - 07:00 GMT

What Do We Learn from Huawei's Controversies?

Personal wealth in the UAE is projected to continue to grow at 8 per cent compound annual growth rate.
June 2nd, 2019 - 06:30 GMT

This Is Why the Rich Choose UAE for Retaining Large Portions of Their Wealth

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