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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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Retail trade and construction confidence indices dropped to 90.6 points and 53.9 points.
April 29th, 2019 - 11:31 GMT

Economic Confidence Rises 3.4 Percent in Turkey

The new routes will operate with two weekly flights between Amman and Malta, Memmingen and Thessaloniki, and two weekly flights between Aqaba and Milan Bergamo.
April 29th, 2019 - 11:20 GMT

Ryanair Adds 4 Routes To, From Jordan

The Strait of Hormuz, a strait between the Persian Gulf and the Gulf of Oman, is a major channel for international oil shipments.
April 29th, 2019 - 11:01 GMT

Why Closing Strait of Hormuz Would Be 'Catastrophic'

The number of domestic tourists exceeded 47 million in 2018.
April 29th, 2019 - 10:42 GMT

Tourism Sector to Contribute $70 Billion to Saudi Arabia GDP in 2019

From May 1, the price of Super 98 will be at Dh2.48 a litre.
April 29th, 2019 - 10:34 GMT

Petrol Prices to Increase in UAE Starting May 1

Oman Air places its ‘WY’ code on Gulf Air flights from Bahrain to Tbilisi in Georgia, Baku in Azerbaijan, Gassim in Saudi Arabia and Beirut in Lebanon.
April 29th, 2019 - 10:14 GMT

2 GCC Airlines Expand Codeshare Agreement to Include More Destinations

The agreement was signed by Mohammed Saif Al Suwaidi, director general of the Abu Dhabi Fund for Development, and by the Sudanese side, Amna Mirghani Hassan Altum, director general of the financial markets of the Central Bank of Sudan.
April 29th, 2019 - 09:48 GMT

UAE to Support Sudan's Financial Stability by Depositing $250 Million

As the social-media company continues to deliver consistent growth the stock continues to be one of the most traded stocks among investors.
April 29th, 2019 - 08:03 GMT

Facebook Stocks Are the Most Traded Stocks in Q1 2019

Trump said on Friday he called the Organization of the Petroleum Exporting Countries (OPEC) and told the cartel to lower oil prices.
April 29th, 2019 - 07:38 GMT

Oil Prices Down After Trump Demands OPEC to Raise Output

The total sales for the first quarter were SR37.37 billion.
April 29th, 2019 - 07:26 GMT

SABIC Net Profit in Q1 2019 Exceeds $900 Million

Blockchain is the first project area launched under C4IR UAE in 2019.
April 29th, 2019 - 07:09 GMT

UAE Inaugurates Centre for Fourth Industrial Revolution

The transaction will combine the outstanding track records of the parties with respect to operations, quality of service, health, safety and environment.
April 29th, 2019 - 06:43 GMT

Saudi Taqa Acquires Schlumberger Middle East Rigs Business for $415 Million

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