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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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Fitch saw that Qatar should take other procedures to support the liquidity in case of another wave of deposit withdrawals occur.
May 19th, 2019 - 06:29 GMT

Fitch: Banks Face Growing Risks of Asset Quality Deterioration in Qatar

The survey results show that half of the Emiratis of working-age are involved actively in economic activities.
May 19th, 2019 - 06:03 GMT

Dubai Unemployment Rate Lowest In the World

Although the simulators are not built by Boeing, the planemaker does provide the underlying information on which they are designed and built.
May 18th, 2019 - 11:00 GMT

Boeing Claims Correcting Simulator Software of 737 Max Jets

It is important that stakeholders understand that Saudi Arabia offers significant long-term opportunities.
May 18th, 2019 - 10:00 GMT

Saudi Arabia Aims to Attract Innovators, Entrepreneurs with New Residency Permits

The trade war can't bring China down. It will only harden us to grow stronger
May 18th, 2019 - 09:00 GMT

China's Official Paper Evokes Nationalistic Spirit Amid US-China Trade War

The risk of a VAT increase is that it could set this recovery back even before it properly gets started.
May 18th, 2019 - 08:00 GMT

How Will an Increase in VAT Affect the Saudi Economy?

Egypt’s fiscal policies and flexible exchange rate had contributed to economic stabilization and made Egypt more resilient to external shocks.
May 17th, 2019 - 09:00 GMT

IMF To Disburse Final $2 Billion Tranche of Egypt's $12 Billion Loan

Jordanian-Iraqi cooperation in the energy field is not limited to this deal
May 16th, 2019 - 11:40 GMT

First Iraqi Crude Oil Shipments to Arrive to Jordan Next Weekend

IMF confirmed that reforms have started to yield positive results.
May 16th, 2019 - 11:11 GMT

IMF Suggests Raising VAT in Saudi Arabia, UAE

The system is aimed at protecting the country’s banking and financial system
May 16th, 2019 - 10:57 GMT

UAE Develops New System to Protect the Financial Sector

Egypt introduced a Value Added Tax (VAT) regime in 2016, replacing a 10 percent Sales Tax.
May 16th, 2019 - 09:56 GMT

Advertisers on Social Media to Pay 18 Percent Tax in Egypt

The agreement would help 3.7 million Yemeni children to complete their studies within their country.
May 16th, 2019 - 09:34 GMT

Saudi Arabia, UAE to Support Yemeni Teachers With $70 Million

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