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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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Out of the 346 workers who were arrested, 169 were “fugitive workers”, 162 were “freelance workers” and 15 were undocumented workers. (Shutterstock)
November 13th, 2018 - 07:31 GMT

Oman Cracks Down on Expats With Hundreds of Arrests and Deportations

US Grants Turkey 25 Percent Exemption From Iran Sanctions. (Shutterstock)
November 12th, 2018 - 09:29 GMT

US Grants Turkey 25 Percent Exemption From Iran Sanctions

Terminals, the recently-established operator of the first phase of Hamad Port in Qatar, is scouting for opportunities in the Black Sea region as part of its strategy to expand internationally. (Shutterstock)
November 12th, 2018 - 09:18 GMT

Qatar Taps Into 16 Percent of the World’s Container Traffic With Black Sea Operations

What the Iranian officials said that the US is not able to zero Iran's oil exports was proved with the US recent admission. (Shutterstock)
November 12th, 2018 - 08:59 GMT

Can Iran Sustain Its Crude Oil Exports Without the EU?

A senior Iranian trade official announced that the country has increased its exports to the African states to a considerable extent. (Shutterstock)
November 12th, 2018 - 08:50 GMT

Iran Adds Africa to Its List of Saviours, as Exports Increase by 17 Percent

Sanctions will mostly pressure the people of Iran by depriving them from needed drugs and food. (Shutterstock)
November 12th, 2018 - 08:41 GMT

How Are the Food and Medicine Imports Affected by the US Sanctions on Iran?

The Petroleum & Petrochemicals platform has a balanced portfolio of integrated projects and companies, whose activities cover the various stages of the total supply chain of the oil, gas, refining and petrochemical industries. (Shutterstock)
November 12th, 2018 - 08:30 GMT

Mubadala Pumps AED 150 Billion Into Its Oil Investments

Nasdaq Dubai provides IsDB and its other regional and international issuers with a first class listing infrastructure as well as close links to investors around the world. (Shutterstock)
November 12th, 2018 - 08:22 GMT

Nasdaq Dubai Approves Listing of a 650 Million Euro Sukuk

Cooperation between OPEC and non-OPEC members will continue till 2020 to ensure a balanced oil market. (Shutterstock)
November 12th, 2018 - 08:17 GMT

OPEC Trying to Sustain Market Confidence Amidst Global Uncertainties

Bahrain, China to Want to Expand on Their $1.7 Billion Trade. (Shutterstock)
November 12th, 2018 - 08:11 GMT

Bahrain, China to Want to Expand on Their $1.7 Billion Trade

The sanctions regime is complicated by Pompeo’s suggestion that oil customers should pay through accounts earmarked for humanitarian items. (Shutterstock)
November 12th, 2018 - 07:59 GMT

What Have the US Sanctions on Iran Accomplished so Far?

Since the boycott started Saudi social media users have forwarded images showing them deleting the Amazon application from smartphones or cancelling online accounts. (Shutterstock)
November 12th, 2018 - 07:42 GMT

Why Are Saudis Boycotting Amazon?

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