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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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Eager to save a 2015 nuclear accord with Iran from which the United States has withdrawn, the EU has focused its efforts in trying to keep trade flowing with Iran in the face of renewed US sanctions, in order to keep Tehran from pulling out. (Shutterstock)
November 20th, 2018 - 06:48 GMT

EU Mulls Imposing Sanctions on Iran Over Botched France Attack Plot

The forum will be held under the theme, ‘Shaping the Future of Economies’ at the Al Jawaher Reception and Convention Centre in Sharjah. (Shutterstock)
November 20th, 2018 - 06:43 GMT

Sharjah's FDI Forum to Highlight Global Economy Future

The registration has to be completed on the portal, www.emigrate.gov.in, at least 24 hours before departure. (Shutterstock)
November 20th, 2018 - 06:39 GMT

India Imposes Online Registration for Indians Arriving on Employment Visa to 18 Countries

As oil prices are down more than 20% from the highs of the year, the market expects Opec+ to decide in December 2018 on continuing oil production cuts in order to support oil prices. (Shutterstock)
November 20th, 2018 - 06:34 GMT

Qatar Able to Balance 2018 Budget With Oil Price Padding of $23.8

"There will be no banks - there will not be a centralized function of anything"  - John McAfee
November 19th, 2018 - 01:20 GMT

John McAfee’s Blockchain Future: The DeLorean, Satoshi Nakamoto and the End of Government (Podcast Promo)

Over the course of 2020-23, IMF projects Qatar’s real GDP growth of about 2.7% annually. (Shutterstock)
November 19th, 2018 - 10:05 GMT

IMF Approves Qatar's Fiscal Policy

The Iranian oil minister reiterated that he expected it to expedite the preliminaries to start piping Iranian gas to Oman. (Shutterstock)
November 19th, 2018 - 09:59 GMT

Iran, Oman Initiate Gas Export Talks

3,000 small- and medium-sized companies as well as large firms are working with Iran. (Shutterstock)
November 19th, 2018 - 09:45 GMT

Non-US Linked Companies in Foreign Countries Continue Iran Trade Despite Sanctions

The exported non-oil goods weighed 576,000 tons. (Shutterstock)
November 19th, 2018 - 09:39 GMT

Iran's Non-Oil Exports to Qatar Reach $2.9 Million

Dubai Builds on Its Smart City Infrastructure. (Shutterstock)
November 19th, 2018 - 09:29 GMT

Dubai Builds on Its Smart City Infrastructure With $161 Million Smart Traffic Systems Project

According to the company’s plan, the complex will be the largest complex in the world for the manufacture of cosmetics and pharmaceutical industries, and will provide about 1,500 job opportunities for youth. (Shutterstock)
November 19th, 2018 - 09:20 GMT

Japan Announces $10 Million Worth Cosmetics, Pharmaceutical Complex in Egypt

The outstanding contributions of Saudi Arabia in the field of humanitarian aid and relief, amounted to $84.7 billion between 1996 and 2018. (Shutterstock)
November 19th, 2018 - 09:08 GMT

As Saudi Continues Its War in Yemen, the Kingdom Boasts $84.7 Billion Foreign Aid

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