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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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Uber Technologies Inc’s conservative initial public offering could not keep its shares from sinking in their trading debut on Friday, fueling debate on Wall Street
May 13th, 2019 - 09:37 GMT

What's Saudi Arabia's Plan After Uber's Underwhelming IPO?

The IMF team have reached a staff-level agreement on economic policies that could be supported by a 39-month Extended Fund Arrangement (EFF) for about US$6 billion
May 13th, 2019 - 09:31 GMT

IMF Rescues Pakistan With $6 Billion Bailout Package

QC organised 170 activities including conferences, seminars and meetings in 2018.
May 13th, 2019 - 09:10 GMT

Qatar Claims to Be a Key Investment Destination

Authorities have conducted a study that will help improve the end-of-service benefits system in the country.
May 13th, 2019 - 09:02 GMT

UAE Mulls Setting Up Retirement Funds for Expats

There were 2,043 expats working in clerical occupations in Oman in March 2019, with a decrease of 7.9 per cent compared to the previous year.
May 13th, 2019 - 08:23 GMT

Omanisation Targets Senior, Managerial Positions

The report attributed increased supply in the retail real estate market to higher vacancy rates.
May 13th, 2019 - 08:15 GMT

Report: Demand for High-End Properties in Qatar Soars Due to Plummeting Prices

The UAE foreign ministry had reported that four commercial vessels were targeted near its territorial waters.
May 13th, 2019 - 08:06 GMT

Two Saudi Oil Tankers Were Targets of ‘Sabotage Attack’ off UAE Coast

The Saudi response to Iran sanctions could lead to higher oil production.
May 13th, 2019 - 07:38 GMT

Report: Fiscal Surplus in Saudi Arabia Unlikely to Last Despite Non-Oil Economic Growth

India saw the third highest outflow of wealthy individuals last year.
May 13th, 2019 - 07:10 GMT

Nearly 5,000 Millionaires Left India, and Here's Why

Brent crude price will hold above $70 a barrel in second quarter.
May 13th, 2019 - 06:12 GMT

What Will the Barrel's Price Be in This Fluctuating Oil Market?

Bahrain’s IT market is expected to grow by eight per cent annually to BD70 million by 2021
May 12th, 2019 - 09:00 GMT

Bahrain’s IT Market to Reach $70 Million

Lebanon's economy is struggling with soaring debt, rising unemployment and slow growth.
May 12th, 2019 - 10:14 GMT

Austerity Talks Fuel the Lebanese Streets

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