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Shell company building

July 30th, 2026 - 09:20 GMT

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 ...

The reliance on oil imports combined with the fluctuation of international prices has increased the National Electric Power Companys debt for 2011 to $700 million

September 22nd, 2011 - 02:37 GMT

Jordanian national energy bill to reach record highs

Demand for power in the kingdom is growing 8 percent annually, but it rose more than 12 percent this summer. Picture courtesy of cpshouston.com

September 22nd, 2011 - 07:29 GMT

Saudi signs 4-GW gas power plant deal

Al Bawaba

September 21st, 2011 - 08:06 GMT

Emarat offers 25% off on Em-cool Service for the first 200 Customers

Most forecasts of global GDP growth next year are between 3.5-4.0 percent, suggesting modest growth in oil consumption

September 21st, 2011 - 07:09 GMT

Oil downside risk rises as outlook for global economy, fuel demand dims

In August, Egypt discovered a new gas source in its Western Sahara desert, which would produce about 12 million cubic feet of gas per day, the gas source would be ready for use in November

September 20th, 2011 - 02:10 GMT

Gas station owners in Egypt deny responsibility for supply shortage

Al Bawaba

September 20th, 2011 - 11:36 GMT

Omanoil sponsors Oman’s first International Exhibition for Infrastructure and Industrial Projects

Al Bawaba

September 20th, 2011 - 10:10 GMT

“Test Your Knowledge” tournament for Emarat’s service stations employees

Abu Dhabi’s GDP, which makes up 57 percent of the UAE economy, is still below the 705.2 billion dirhams seen in the oil and property-boom year of 2008

September 19th, 2011 - 12:29 GMT

Oil revival lifts Abu Dhabi’s 2010 nominal GDP 16 percent

Al Bawaba

September 19th, 2011 - 10:27 GMT

ENOC Retail Systems to expand its presence in the Middle East through franchising of key brands

Private companies are showing a keen interest in renewable energy projects with over 55 companies submitting proposals to the government to build renewable energy projects on private land

September 15th, 2011 - 02:53 GMT

Jordan targets green energy role of 10 percent

Basically, China seeks multidimensional cooperative relations with all governments in the Middle East, especially those ruling the more powerful nations in the region, regardless of the condition of those government's relations with the United States

September 14th, 2011 - 03:10 GMT

East meets East in economic relationships

His Highness Shaikh Mohammed bin Rashid Al Maktoum wanted the Lands Department to concentrate on initiatives that support Dubai’s policies towards generating new business concepts so as to attract more inward investments

September 14th, 2011 - 09:53 GMT

Be creative in real estate investment to boost economy in UAE