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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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Turkey's Independent Industrialists’ and Businessmen’s Association (MUSIAD) opened a representative office in Oman. (Shutterstock)
November 14th, 2018 - 07:00 GMT

Turkey Eager to Strengthen Business Ties With Oman via Office Launch

The use of local currencies in trade between Turkey and Russia is "necessary".
November 14th, 2018 - 06:50 GMT

Turkey, Russia Forge Ahead With Using Local Currencies to Counter 'Other Countries'

Turkey reached an agreement with the World Bank for $200 million in funding for public sector energy efficiency investments. (Shutterstock)
November 13th, 2018 - 11:12 GMT

Turkey Receives $200 Million for Public Energy Sector Investments

Women are the least paid and their participation in the labour market is recorded much more in the informal sector and in vulnerable activities. (Shutterstock)
November 13th, 2018 - 11:07 GMT

With More Women Working, MENA's Growth Can Reach $ 600 Billion a Year

Will Lebanon Witness Another Wave of IMF Instructions? (Shutterstock)
November 13th, 2018 - 10:26 GMT

Will Lebanon Witness Another Wave of IMF Instructions?

Jordan and Japan on Monday discussed an investment plan to revitalise the Hijaz Railway’s infrastructure in support of the national economy. (Shutterstock)
November 13th, 2018 - 10:22 GMT

Japan to Help Jordan Reinvigorate Hijaz Railway With New Investments

Iran has kept its stock of low-enriched uranium and the level to which it refines uranium within the limits set by the JCPOA. (Shutterstock)
November 13th, 2018 - 09:59 GMT

Iran Honouring Its JCPOA Commitment Regardless of US Sanctions

US Secretary of State Mike Pompeo has told Saudi Crown Prince Mohammed bin Salman that Washington will hold accountable all those involved in the killing of Khashoggi. (Shutterstock)
November 13th, 2018 - 09:51 GMT

Trump, Pompeo Not Losing Sight of the Bigger Financial Picture With Saudi

The United Nations decided to increase their aid to $14 Million, instead of the $7 Million. (Shutterstock)
November 13th, 2018 - 08:52 GMT

UN to Double Yemeni Food Aid to $14 Million as Starvation Looms

Kuwait has called for frozen funds to be returned. (Shutterstock)
November 13th, 2018 - 07:59 GMT

Kuwait Demands Release of Its Frozen $500 Million From Dubai

Their contribution in aid to the impoverished nation which faces a devastating Saudi war and blockade amounts to just two percent of their revenues from the arms sales. (Shutterstock)
November 13th, 2018 - 07:49 GMT

EU Arms Sales to Saudi Arabia and UAE at $86.7 Billion, While UN Yemen Mission Is Underfunded

U.S. President Donald Trump criticized Saudi Arabia’s announced plan to cut oil production. (Shutterstock)
November 13th, 2018 - 07:36 GMT

Trump Furious Over Saudi Oil Production Cuts Plan

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