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BUSINESS

BUSINESS latest

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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Areas of foreign ownership also include transport and storage, which allows investors to own projects in the field of e-commerce transport, supply chain, logistics, and cold storage for pharmaceutical products.
July 4th, 2019 - 09:00 GMT

UAE Adopts 122 Economic Activity of 100% Foreign Ownership

West Yas community
July 4th, 2019 - 08:42 GMT

Aldar Launches Rent to Own Scheme at Its Popular West Yas Community

A higher number of visitors were also recorded at Wadi Rum, Madaba’s Mosaic Map and Mount Nebo, with spikes of 56.6 per cent, 56.7 per cent and 42.7 per cent, respectively. 
July 4th, 2019 - 08:30 GMT

Jordan Tourists Number Rise 26.5 Percent in June

The Kingdom expressed commitment to give Egyptian students the same treatment at Jordanian schools as their Jordanian peers in terms of tuition fees.
July 4th, 2019 - 08:00 GMT

Jordan, Egypt Sign Eight Cooperation Accords to Boost Economic Cooperation

Bentley’s vision of the future of luxury mobility, it will intelligently and sustainably enhance the owner’s grand touring experience, whether enjoying the thrill of driving or being driven autonomously.
July 4th, 2019 - 07:57 GMT

Bentley to Reveal the Future of Grand Touring on Its 100th Birthday

Emirates inaugural flight to Porto was welcomed with a water cannon salute at Porto Airport
July 4th, 2019 - 07:44 GMT

Emirates Launches Its New Service to Porto

The latest survey data saw an acceleration in new business growth at businesses in Saudi Arabia’s non-oil private sector.
July 4th, 2019 - 07:35 GMT

Saudi Arabia’s Non-Oil Sector Sees Fastest Growing in 19 Months

The world-first technology, controlling timing of valve opening and closing according to driving conditions, is set for mass production
July 4th, 2019 - 07:07 GMT

Hyundai Motor Group Unveils World’s First CVVD Engine Technology With Improved Performance and Less Emissions

Khalid Al Rumaihi, Chief Executive of the EDB
July 4th, 2019 - 06:48 GMT

Bahrain and UK First in the World to Pilot New Artificial Intelligence Procurement Guidelines Across Government

Ahmad Bin Shafar, CEO of Empower.
July 4th, 2019 - 06:31 GMT

Empower Guides Customers to Avoid Disruption of Service During Summer

Initial production from the field would progressively increase to 40,000 bpd by the end of 2019
July 4th, 2019 - 06:30 GMT

Potential Resources for Crude Oil Discovered in 3 New Fields in Abu Dhabi

Even though the waiver will come into effect on July 15, some agents abroad are telling customers the news is "fake" and they'll still have to pay the visa costs for children.
July 4th, 2019 - 06:30 GMT

Travel Agents Deceiving UAE Tourists Into Paying Visa Fees Despite Waiver

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