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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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$28 Billion Worth of Economic Agreements Between Saudi, China
May 9th, 2019 - 07:56 GMT

Saudi Arabia, China Review Strategic Relations Between the Two Countries

The recent political exchanges have imparted fresh momentum to our bilateral ties and opened several new avenues for cooperation
May 9th, 2019 - 07:46 GMT

Bilateral Trade to Reach $10 Billion by 2020 Between Turkey, India

The national agenda also aims to maintain a cohesive community and preserve the UAE’s culture, heritage and traditions.
May 9th, 2019 - 07:33 GMT

UAE's Financial Aid Reaches $5.2 Billion in 2018

Bahrain is demonstrating its commitment to delivering strong, sustainable economic growth through swift implementation of the Fiscal Balance Program
May 9th, 2019 - 07:07 GMT

Bahrain Receives $2.3 Billion as First Installment of $10 Billion Gulf Aid

The company that Michael Dell started with $1,000 in his dorm room, had $91 billion in revenues last year. 
May 9th, 2019 - 06:17 GMT

Dell: Started With $1,000 Investment to Reach $91 Billion in Revenues

The Judicial Council is urging the judges to carry out their duties to the fullest, based on the role of the judiciary
May 8th, 2019 - 10:32 GMT

Judges Go on Strike Over Allowances Cuts in Lebanon

Iran said it seeks to reveal its countermeasures in response to the US’ withdrawal from the landmark agreement.
May 8th, 2019 - 10:00 GMT

Iran Has No Intention to Withdraw From Nuclear Deal

European powers will turn to a dispute mechanism that could reimpose international sanctions.
May 8th, 2019 - 09:36 GMT

EU to Reimpose Sanctions on Iran If It Retreats From Nuclear Deal

Emirates will soon lift a ban on its citizens travelling to Lebanon
May 8th, 2019 - 09:08 GMT

UAE to Lift Lebanon Travel Ban

The second payment brings total disbursements under the programme to about $309 million
May 8th, 2019 - 08:49 GMT

Jordan to Receive $166.4 Million Under IMF Programme

The project is expected to directly create around 1,000 job opportunities for Jordanians and more than 2,000 jobs indirectly
May 8th, 2019 - 08:25 GMT

Jordan to Rely on Oil Shale Power Station to Generate 15 Percent of Its Electricity Needs

The economic acceleration in the first quarter follows the weakest expansion in nearly a decade in Q4 2018
May 8th, 2019 - 08:05 GMT

Report: Qatar's GDP to Grow 2.6 Percent in 2019

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