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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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While 5G will be available to consumers, its real use is for technologies like driverless cars and in machine-to-machine communication, Al-Ohali said. (Shutterstock)
April 7th, 2019 - 03:10 GMT

5G Network to Add $19 Billion to Saudi's GDP by 2030

“If we want to shape the future, we need new collaborative efforts,” said WEF founder Klaus Schwab at the opening of the event. (Shutterstock)
April 7th, 2019 - 03:04 GMT

Education, Unemployment Top World Economic Forum Agenda

Experts continue to believe that the oil market will likely remain tight, however, the cancellation of all waivers remains unlikely keeping in view the probable consequences to both the oil market and US bilateral relationships. (Shutterstock)
April 4th, 2019 - 10:59 GMT

US Mulls Renewing Waivers to Countries Importing Iranian Oil

Qatar Airways operates a modern fleet of more than 250 aircraft via its hub, Hamad International Airport (HIA) to more than 160 destinations worldwide. (Pexels)
April 4th, 2019 - 10:40 GMT

Qatar Airways Wins 6 Tripadvisor Travellers’ Choice Airline Awards 2019

The eurozone’s real weakness is not the lack of exchange-rate flexibility, or its common monetary policy. (Pixabay)
April 4th, 2019 - 10:09 GMT

As the Euro Turns 20, Has the Eurozone Figured Its Weakness?

According to experts, the next-generation technologies, including artificial intelligence and blockchain apart from IoT, are a main element of GCC’s economic diversification policies as the region prepares for a post-oil future. (Shutterstock)
April 4th, 2019 - 09:53 GMT

Report: Smart Cities to Deliver $20 Trillion in Economic Benefits by 2026

Lebanon is hoping to begin its first exploratory drilling later this year in one of two maritime areas, one of which lies partially in the disputed territory. (Shutterstock)
April 4th, 2019 - 09:21 GMT

Lebanon Wants to Restore Iraq Oil Pipeline

Last month, Uber and Careem have reached an agreement for Uber to acquire Careem for $3.1 billion, consisting of $1.7 billion in convertible notes and $1.4 billion in cash. (Shutterstock)
April 4th, 2019 - 08:56 GMT

Uber to Complete Its Acquisition of Careem Within 8 Months

Tesla delivered 50,900 Model 3s in the quarter, falling short of analysts' estimates of 58,900. (Shutterstock)
April 4th, 2019 - 08:45 GMT

Tesla Deliveries Drop Due to Longer Transit Times in International Markets

The data of millions of Facebook users were exposed on public data servers used by third-party apps, cybersecurity firm UpGuard said Wednesday. (Shutterstock)
April 4th, 2019 - 08:16 GMT

Millions of Facebook User Records Exposed on Public Server

It is now Europeans’ turn to decide how they will establish connections and channel investment to areas that have been ignored and impoverished for too long. (Pixabay)
April 4th, 2019 - 08:01 GMT

Will We Witness a Durable Form of Globalization?

Boeing 737 MAX. (AFP)
April 4th, 2019 - 07:36 GMT

FAA Representative: Boeing Working Relentlessly to Make 737 Max Aircraft Safe

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