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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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According to informed sources, PAM has implemented a new condition for the renewal of work permits of highly qualified expatriate employees. (Shutterstock)
November 19th, 2018 - 07:35 GMT

Kuwait Continues Crackdown on Expats by Nulling Their Job Titles

The compensation does not include indirect losses. (Shutterstock)
November 19th, 2018 - 07:23 GMT

Kuwait Endures More Than KD 300 Million in Losses Due to Bad Weather

The personnel changes are somewhat surprising because the LEF’s performance during the unrest of the past year has been effective. (Shutterstock)
November 19th, 2018 - 07:16 GMT

With Contradicting Statements on Iran's Economic Performance, Which One to Believe?

Jordan’s Prime Minister Omar al Razzaz said on Sunday the kingdom will pay a heavy price if parliament fails to approve new IMF-backed tax legislation. (AFP)
November 19th, 2018 - 06:51 GMT

Will Jordan Vote in Favour of New IMF-Backed Tax Law?

Danish Farhan describes himself as someone who 'Builds Nations With Stories' (Al Bawaba)
November 18th, 2018 - 01:50 GMT

Can a Story Build a City? Danish Farhan, CEO of Xische on how Stories, Tech and Government are Shaping the Future of the UAE

The campaign, titled the Nation Free of Illegal Expats, was launched late last year with the participation of 19 government and private sector agencies, including the Ministry of Labor and Social Development and the Passport Department. (Shutterstock)
November 18th, 2018 - 06:07 GMT

Report: Saudi Crackdown Results in 2.1 Million Expat Arrests Since 2017

Masri highlighted the potential role of a railway project which could free up roads. (Shutterstock)
November 18th, 2018 - 06:02 GMT

Jordan Mulls Railway Project to Boost Economy and Ease Traffic Gridlock

At the conference, which was held in Paris in April, the international community pledged $11.8 billion in soft loans and grants to Lebanon, a portion of which was contingent on reforms. (Shutterstock)
November 18th, 2018 - 05:56 GMT

Lebanon Discusses Economic Reform With World Bank

After demanding a firm stand and commitment by all oil producers, it went full blast to waivers and exceptions. (Shutterstock)
November 18th, 2018 - 05:51 GMT

Oil Producers Retaliate Against Trump's Iran Sanctions Waivers With $70 Price Tag per Barrel

Some Dubai developers, which have experienced their own property slowdown over the last four years, see UK property weakness and sterling volatility as a potential sales opportunity. (Shutterstock)
November 18th, 2018 - 05:45 GMT

Amidst Brexit Uncertainties, Dubai Developers Flash Their Portfolios to British Investors

Now, as mentioned on the ministry website, people also have the option of carrying a debit card. “Applicant must be in possession of a valid credit or debit card. (Shutterstock)
November 18th, 2018 - 05:40 GMT

Indians Get Visa-Free Entry to Qatar, With One Condition

The new trains can reach speeds of 321 km per hour. (AFP)
November 18th, 2018 - 05:34 GMT

Morocco Launches Africa's First High-Speed Train, Worth 2.3 billion Euros

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