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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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Both oil and US dollar values are likely to feel downward pressure as the market insists on affordability amid a fall in demand
May 6th, 2019 - 05:38 GMT

How China-US Trade Talks Affect the Oil Market

Business confidence was the highest since the series began seven years ago during April.
May 6th, 2019 - 05:32 GMT

Report: Business Confidence in UAE Reaches Highest Record in 7 Years

Aramco and SABIC have been contributing to bolstering the Kingdom's experience in being introduced to global markets
May 5th, 2019 - 08:53 GMT

Saudi Aramco Develops New Technology to Reduce Fuel Consumption and Environmental Pollution

Tunisian authorities are working on making a balanced development in a number of poor regions where unemployment reached 30 percent
May 5th, 2019 - 08:33 GMT

Tunisia’s Annual Inflation Decreases to 6.9 Percent in April

The plan seeks to train Bahrainis to recruit them in the public sector at different stages.
May 5th, 2019 - 08:22 GMT

Bahrain to Increase Bahrainisation in Public Sector Through 3-Year Plan

The Department of Health - Abu Dhabi (DoH) said it ordered for the closure of the hospital for a period of one month after their investigations found several violations at the hospital.
May 5th, 2019 - 06:53 GMT

UAE Shuts down This Hospital for Breaking Rules

The innovative design of the plant will ensure the highest efficiency, reliability and availability standards for any comparable plant in the world.
May 5th, 2019 - 06:45 GMT

Oman Goes Big on Solar Power

The Trump administration wants China to sign an agreement obliging Beijing to be committed to its reform promises
May 5th, 2019 - 06:31 GMT

Pence Reaffirms Trump's Position on China's Trade Practices

Noor Bank is aware of Dubai Islamic Bank's announcement that it intends to explore a possible acquisition of the bank.
May 5th, 2019 - 06:12 GMT

Will We Witness Another Bank Merger in UAE Soon?

The infrastructure spending in preparation for Expo 2020 Dubai also serves as a catalyst, boosting investor confidence.
May 5th, 2019 - 05:51 GMT

UAE Construction Growth to Continue Post Expo 2020

In a bid to reduce Iran's oil exports to zero, buyers of Iranian oil must stop purchases by May 1 or face sanctions.
May 5th, 2019 - 05:12 GMT

Iran Ridicules Effect of US Sanctions

The Gulf is a major buyer of US arms – Congress has approved $120 billion of sales since 2009 to Saudi Arabia alone.
May 5th, 2019 - 04:56 GMT

US Approves $6 Billion in Weapons Sales to Bahrain, UAE

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