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Shell company building

July 30th, 2026 - 09:20 GMT

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 ...

The UAE stressed that the real dispute with Qatar concerned the latter's repeated violation of regional and international treaties and its support for terrorist organisations.

May 8th, 2019 - 07:51 GMT

Qatar Prevents Its Citizens From Applying for UAE Entry Permits

Iran’s revenues from nano exports stood at $62 million

May 8th, 2019 - 07:27 GMT

Iran to Add 250 New Nano Products to the Market

More than 80 per cent of the UAE expatriates still live in rented homes

May 8th, 2019 - 06:14 GMT

Developers Offer Various Incentives to Attract Property Investors to Dubai

Lebanon's economy is struggling with soaring debt, rising unemployment and slow growth.

May 8th, 2019 - 05:59 GMT

Lebanon Central Bank Employees Suspend Strike

American benchmark West Texas Intermediate was at $62.41 a barrel at the same time, marking a 0.16% gain after ending the previous session at $62.31 per barrel.

May 7th, 2019 - 01:00 GMT

Oil Prices Increase Amid China Setting for Trade Talks With US

South Sudan has one of the largest reserves of crude in sub-Saharan Africa

May 7th, 2019 - 10:30 GMT

South Sudan, South Africa Sign 6-Year Agreement for Oil Exploration

Foreign currencies in Egypt’s foreign reserves include the U.S. dollar, euro, Australian dollar, Japanese yen and Chinese yuan.

May 7th, 2019 - 10:23 GMT

Egypt’s Foreign Reserves Hit $44.22 Billion by End of April

58 per cent of home insurance claims came from damage or loss of personal belongings, with 70 per cent of them made on damages, and 30 per cent on loss of personal belongings.

May 7th, 2019 - 09:55 GMT

Only 1 out of 10 Residents in UAE Go For Home Insurance

Expenditures through point of sale machines in the country increased to KD 2.63 billion

May 7th, 2019 - 09:42 GMT

Total Expenses of Kuwaitis, Expats up by 4 Percent in Q1 2019

730,739 people passed the airport in April last year.

May 7th, 2019 - 09:31 GMT

Beirut Airport Hosts Over 800,000 Travellers in April

The completion of the transaction is subject to regulatory approvals, including the final approval of the Central Bank of Egypt and the Central Bank of Lebanon.

May 7th, 2019 - 08:38 GMT

Bank Audi Egypt to Expand Its Network by Acquiring Local National Bank of Greece

The new digital wallet, noqodi, is the latest option available to pay government fees

May 7th, 2019 - 08:04 GMT

Dubai Launches Digital Wallet for Paying Government Service Fees