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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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IMF had hiked the UAE's growth forecast for 2018 and 2019 on the back of higher oil prices. (Shutterstock)
April 10th, 2019 - 06:29 GMT

IMF Revises Down UAE's GDP Growth

The remittances sent by overseas Pakistanis increased by12 per cent to $14.35 billion in the first eight months of fiscal year 2018-19. (Shutterstock)
April 9th, 2019 - 10:22 GMT

UAE Provides 200,000 Jobs to Pakistanis Every Year

Qatar saw a robust 9.8 percent growth in their smartphone shipments quarter-on-quarter. (Shutterstock)
April 9th, 2019 - 09:11 GMT

Qatar Sees Almost 10 Percent Growth in Smartphone Shipments in 2018 Q4

The World Bank revised its GDP growth estimate for Lebanon to just 0.2 percent from 1 percent in 2018. (Shuttertock)
April 9th, 2019 - 09:09 GMT

World Bank: Lebanon’s GDP Growth to Decline to 0.2 Percent

Oman has been ranked sixth in the Arab world in terms of investment in technology. (Shutterstock)
April 9th, 2019 - 08:53 GMT

Oman Ranks Sixth Among Its Peers in MENA for Tech Investments

The performance of various GCC market indices diverged during the month with Saudi Arabian Tadawul index. (AFP)
April 9th, 2019 - 08:49 GMT

Saudi Arabia Market Leads the GCC, Standing at 12.3 Percent

The Middle East has woefully low levels of women in top management positions.(Shutterstock)
April 9th, 2019 - 08:45 GMT

Bank of Palestine's Board to Have 50/50 Gender Split

The Middle East has woefully low levels of women in top management positions.(Shutterstock)
April 9th, 2019 - 07:39 GMT

Palestine Banker Calls for Quota System for Women Board Members Across the Middle East

The financial market manipulation violated all norms of accepted conduct and will not be allowed to go unchecked. (Shutterstock)
April 9th, 2019 - 06:47 GMT

Qatar Sues Saudi, UAE Banks Over Manipulation of Qatari Riyal

The Kingdom has been trading its oil in dollars for decades and that has served well its financing and monetary needs. (Shutterstock)
April 9th, 2019 - 06:19 GMT

Saudi Arabia Rejects Non-Dollar Oil Trade

Morocco has made notable development in the field of scientific research related to the energy sector. (Shutterstock)
April 9th, 2019 - 06:17 GMT

Energy Sector Investments in Morocco Exceeds $13 Billion

Saudi Aramco’s crucial bond issue, set to close on Wednesday, has already attracted higher-than-expected interest from international investor. (Shutterstock)
April 9th, 2019 - 06:16 GMT

Saudi Aramco's International Bond Issue Attracts $30 Billion

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