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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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Dubailand and Business Bay will also see a lot of activity, with 12 projects apiece likely to be completed
May 22nd, 2019 - 06:59 GMT

Over 48,000 Residential Units to Be Available in Dubai by 2020

Turkey began trimming its Iranian imports as early as March.
May 22nd, 2019 - 06:41 GMT

Turkey Yields to US by Closing Its Ports to Iranian Oil

The debt issuance was dominated by Qatari and Saudi sovereigns and quasi-sovereigns comprising over $29 billion. 
May 22nd, 2019 - 06:12 GMT

GCC Debt Issuance Soars to $32 Billion in Q1 2019

The UAE leads the pack with highest number of mergers both in terms of value and volume.
May 22nd, 2019 - 05:48 GMT

GCC Banking Sector to Witness Mergers Worth Nearly $1 Trillion

Dubai offers an average monthly salary estimated at Dh10,488 ($2,856) to employees in 2019.
May 22nd, 2019 - 05:41 GMT

Dubai Listed Among World's Top 20 Cities for High Salaries

The permanent residence 'Gold Card' will be given to distinguished individuals, exceptional talents and anyone who contributes positively to UAE's success story.
May 21st, 2019 - 09:45 GMT

New Permanent Residency Scheme Announced in UAE

Huawei’s troubles may be a double-edged sword for Samsung
May 21st, 2019 - 09:32 GMT

Samsung Shares Soar Amid Huawei's Struggle

Bahrain will spend BD675.48m on projects this year and BD676.08m next year.
May 21st, 2019 - 09:19 GMT

What's the Fate of 66 Projects in Bahrain?

Taiwan can take advantage of the trade war between Beijing and Washington to further ease its economic dependence on China
May 21st, 2019 - 08:10 GMT

Taiwan Sees the Full Half of the Glass When It Comes to US-China Trade War

World Markets are fragile, price of Oil getting too high.
May 21st, 2019 - 07:45 GMT

Oil Prices Rise Amid Indications From OPEC on Extending Output Cuts by Year-End

A report by the firm found that financial technology (fintech) in particular is seen playing a significant role in the growth and innovation strategy for governments across the emerging economies of Bahrain, the UAE and Saudi Arabia.
May 21st, 2019 - 07:39 GMT

Research Reveals How Bahrain Is Among First Countries to Adopt Fintech

Facebook, which owns Instagram, said it was investigating into the matter.
May 21st, 2019 - 07:27 GMT

Data of Millions of Celebrities, Influencers Exposed on Instagram

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