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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 original Bilateral Currency Swap Agreement was signed in October 2013 at a value of $5.4 billion.
April 14th, 2019 - 07:19 GMT

UAE, South Korea Renew $5.4 Billion Currency Swap Agreement

There are rumours that some M&As in insurance industry are in the pipeline.
April 14th, 2019 - 06:57 GMT

Insurance Sector Projected to Witness Majors Mergers in GCC Soon

Dubai and Abu Dhabi are ranked second and ninth in terms of highest average rental returns.
April 14th, 2019 - 06:47 GMT

UAE Properties Offer One of Best Returns Worldwide

Workforce in Bahrain are likely the happiest when it comes to paid leaves.
April 13th, 2019 - 09:29 GMT

Bahrain Provides Most Number of Leave Days Globally for Expats

Fintech has been recognised as a primary tool for achieving long-term development goals for the financial sector.
April 13th, 2019 - 09:09 GMT

Qatar Recognizes Fintech as Key Tool for Achieving Development Goals

The Securities and Exchange Commission also charged Naqvi and Abraaj’s asset management arm with misappropriating money from its heathcare fund.
April 13th, 2019 - 08:41 GMT

UAE Abraaj Executive Arrested on US Fraud Charges

The number of Saudis seeking work reached 970,229 during the fourth quarter of 2018
April 11th, 2019 - 12:04 GMT

Almost 14,000 Saudis Secure Jobs in March Due to Saudization Efforts

Growth is also being undercut in less direct ways.
April 11th, 2019 - 11:54 GMT

Will the Western Economies Fall Into the 'Japanification' Trap?

It is increasingly expensive to pay for elements of a middle class lifestyle such as private healthcare, education and owning a home, while middle earners are experiencing ‘dismal income growth or stagnation’.
April 11th, 2019 - 11:08 GMT

The Middle Class Lifestyle: 'A Boat in Rocky Waters'

Protests were held by hundreds of Moroccan teachers in front of the education ministry in Rabat on Wednesday.
April 11th, 2019 - 11:01 GMT

Morocco: Hundreds of Teachers Protest for Job Security in Sixth Week of Strike

U.S. Secretary of Treasury Steve Mnuchin
April 11th, 2019 - 10:22 GMT

US Affirms Progress on Trade Deal With China

Ghosn said he was the victim of a "conspiracy" by "backstabbing" executives at Nissan who had engineered his arrest to prevent a merger between the Japanese automaker and its alliance partner Renault.
April 11th, 2019 - 09:45 GMT

Ghosn Claims to Be a Victim of 'Conspiracy', 'Backstabbing'

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