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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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The Palestinians, in protest, have refused to accept any of the tax transfers.
May 1st, 2019 - 08:29 GMT

UN Highlights the Need of “Sustainable Resolution” to the Palestinian Financial Crisis

The government said it is obliged to comply with the agreement, under a penalty clause of one billion dollars.
May 1st, 2019 - 08:20 GMT

Jordan to Review Gas Agreement With Israel

Flydubai may weigh an option of replacing its order of more than 100 Boeing 737 Max jets with Airbus A320neos.
May 1st, 2019 - 07:55 GMT

UAE Airline Demands Compensation From Boeing

Amazon's global expertise in logistics will provide accurate delivery and shipment tracking, and will keep investing in ways that improve the delivery experience.
May 1st, 2019 - 07:45 GMT

After 2 Years of the Acquisition, Souq Finally Becomes Amazon.ae in UAE

Cars were very affordable for low- and middle-income citizens, but now their price will go up at least JD3,000—8,000 per vehicle.
May 1st, 2019 - 07:35 GMT

Electric Car Sales in Jordan Plummet by 70 Percent Due to New Tax

Jordan and the US on Tuesday signed three agreements.
May 1st, 2019 - 07:25 GMT

US Allocates $329 Million as Development Aid to Support Jordan

The lira weakened as far as 5.9850 against the dollar during the presentation, its weakest since Oct. 12.
May 1st, 2019 - 06:59 GMT

Turkey's Inflation Forecasts Unchanged at 14.6 Percent Despite Currency Crisis

Growth in oil exporters is projected to remain subdued relative to 2018.
May 1st, 2019 - 06:49 GMT

IMF: KSA, UAE, Egypt to Witness Economic Growth in 2019

The trade balance, difference between exports and imports, the value of the deficit of the trade balance reached BD375 million during the first quarter of 2019.
May 1st, 2019 - 06:19 GMT

Bahrain Exports Soar to $1.54 Billion in Q1 2019

Despite the uncertainty thrown up by Brexit, there are bigger macro political considerations that are helping to cement London’s position as the number one global property investment destination.
May 1st, 2019 - 06:07 GMT

Will GCC Money Return to London Property Market After Brexit?

More than 150 million malware attacks in the Middle East, Turkey and Africa (META) during the Q1 alone.
May 1st, 2019 - 05:51 GMT

Over 23 Million Malware Threats Reported in UAE During Q1 2019

International benchmark Brent crude was trading at $71.33 per barrel.
April 30th, 2019 - 11:16 GMT

Oil Prices Fall Amid Concerns Related to China's Weak Manufacturing Data

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