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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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Trump’s order did not mention specific countries or companies by name but it was clear that it took aim at Huawei
May 16th, 2019 - 09:10 GMT

Huawei Hits Back After US Blacklisting Decision

The banking sector hopes to contribute to the country’s prosperity.
May 16th, 2019 - 08:55 GMT

Cash Position 'Stable' in Lebanon Despite Its Economic Ordeal

The number of unemployed stood at 2.267 million out of a total workforce of 27.968 million
May 16th, 2019 - 08:25 GMT

Egypt's Unemployment Rate Falls to 8.1 Percent in Q1 2019

Healthy levels of growth in the construction sector have a direct impact on demand for the latest tools, hardware, materials and machinery across the region
May 16th, 2019 - 08:02 GMT

GCC Construction Sector to Secure Over $138.5 Billion Contracts This Year

Jordan should also take decisive action to reduce business costs and boost employment
May 16th, 2019 - 07:58 GMT

IMF: Donor Support Remains Essential for Jordan Despite Preserved Economic Stability

The total value of non-oil trade between the UAE and Saudi Arabia amounted to $29.4 billion in 2018
May 16th, 2019 - 07:50 GMT

UAE, Saudi Arabia Ink Deal to Facilitate Trade

Some 3.14 million international tourists visited Dubai in January and February this year compared to 3.05 million in the same period last year
May 16th, 2019 - 07:42 GMT

UAE: Preferred Destination for European Tourists

Chinese economic growth held steady in the latest quarter at 6.4 per cent over a year earlier.
May 16th, 2019 - 07:29 GMT

Chinese Economy Suffers Due to US-China Trade War

Trump would use the plan as a tool in the election if Democrats do not "engage" with the administration.
May 16th, 2019 - 07:24 GMT

What to Expect From Trump's New Immigration Proposal

Iran has denied any involvement in the attacks.
May 16th, 2019 - 06:43 GMT

Saudi Facility Attacks Affect Asian Oil Buyers, Shippers

Kuwait is opening up two 280,000-sq-m artificial islands
May 15th, 2019 - 11:31 GMT

Kuwait Opens up 2 Artificial Islands for Investment

73 per cent of the $100 billion poured into fintech investments over 2012-2017
May 15th, 2019 - 10:07 GMT

The Importance of Digitization in the Banking Sector

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