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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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About 30 movie theatres are to be opened in 15 cities around the Kingdom within five years.
April 15th, 2019 - 06:58 GMT

Over $70 Billion Required to Build Saudi Entertainment Sector Infrastructure

In 2017, trade between the UAE and UK totalled £17.5 billion.
April 15th, 2019 - 06:31 GMT

UAE One of the Biggest Beneficiaries From No-Deal Brexit

The United States says China has failed to disclose subsidies as required by the WTO.
April 14th, 2019 - 09:00 GMT

US Tempers Demands for China to Cut Subsidies as a Condition for Trade Deal

The production capacity of the new system is 33,000 plates per day.
April 14th, 2019 - 11:25 GMT

Dubai Inaugurated a First of Its Kind Factory

Boeing this week slowed its production of 737 planes to 42 a month, from 52, with most of those being the Max model.
April 14th, 2019 - 10:25 GMT

Costs for Boeing Start Rising Due to 737 Max Crisis

Qatari-Bulgarian Business forum will pave the way for successful partnerships that will benefit both countries.
April 14th, 2019 - 10:10 GMT

Trade Volume Exceeds $23 Million Between Qatar, Bulgaria

The visa reforms in the country are expected to encourage residents, especially highly-skilled professionals to buy homes and spend more on other properties.
April 14th, 2019 - 09:35 GMT

Will UAE's Visa Reforms Succeed in Attracting More Investments?

In March India's oil imports from Iran rose to about 405,000 bpd.
April 14th, 2019 - 09:03 GMT

India's Shipment of Iranian Crude Oil Increase Despite US Sanctions

Exports declined to USD2.33 billion in January from USD2.43 billion a year ago.
April 14th, 2019 - 08:33 GMT

Egypt Witnesses Drop in Exports Due to Relapse in Oil Exports

Libya’s oil sector is facing the biggest threat since Gaddafi’s overthrow.
April 14th, 2019 - 08:28 GMT

Oil Exports Face Biggest Threats in Libya Due to Tripoli Battles

Domestic gasoline prices are subject to change, rising and falling due to changes in export prices from the Kingdom to global markets.
April 14th, 2019 - 07:45 GMT

Saudi Arabia Revises Gasoline Prices Due to Changes in Export Prices

Aoun’s comments came during talks at Baabda Palace with a U.S. congressional delegation.
April 14th, 2019 - 07:35 GMT

Lebanon Invites US Firms to Bid in New Round of Oil,Gas Exploration

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