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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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The airport official said “some” of the oil providers were informed by internal company decisions, but Fenianos confirmed that none of the providers would be allowed to refuel the sanctioned carriers. (Shutterstock)
November 11th, 2018 - 05:01 GMT

Iranian Airlines Cannot Refuel in Beirut's Airport Due to Sanctions

Strong capital levels provide a large, loss-absorbing buffer for the UAE's banks. Moody's expects strengthening profitability to support capital levels, with sector-wide tangible common equity (TCE) at 14%-15% of risk-weighted assets over the next 12 to 18 months. (Shutterstock)
November 11th, 2018 - 04:48 GMT

Report: UAE Banking System Stable for Now


Economist Abdulaziz Sharoofna said that Saudization of such occupations is a necessary step to create more job opportunities for Saudi young men and women. (Shutterstock)
November 11th, 2018 - 04:42 GMT

Shops Close, Others Comply as Saudi Implements Saudization for These 12 Sectors

Iran underlines that the IAEA is the sole competent authority responsible for the verification of the fulfillment of safeguards obligations. (Shutterstock)
November 11th, 2018 - 04:35 GMT

Iran Fights for Right to Develop National Nuclear Fuel Cycle

This is a bid for the UAE to achieve regional and global leadership in attracting innovation and advanced technology applications such as self-driving vehicles and AI in health. (Shutterstock)
November 11th, 2018 - 04:29 GMT

UAE Issues New Law for Future Technologies Applications

The decision was made after "a broad assessment of recent developments in Saudi Arabia and the unclear situation in Yemen", according to a statement by the foreign ministry. (Shutterstock)
November 11th, 2018 - 04:19 GMT

Norway Joins Germany in Arms Export Boycott Against Saudi Arabia

It is great for oil countries to fix goals and targets, and show the world its commitment to stabilize energy price. (Shutterstock)
November 11th, 2018 - 04:07 GMT

Opinion: Are Arab Oil Producers' Claims of Ability to Increase Production Empty Promises?

Those arrested included 13 Saudis, 16 Yemenis, 13 Ethiopians, one Afghan and one Somali, after they were monitored crossing the Kingdom’s southern border, including the areas of Jazan, Najran and Asir. (SPA)
November 11th, 2018 - 04:01 GMT

Saudi Succeeds in Stopping More Than Half a Ton of Hashish to Enter the Country in Past Month

The new customs gate was named after Turkey's Operation Olive Branch, which was launched on Jan. 20 to free Afrin of YPG/PKK and Daesh terrorists. (Shutterstock)
November 11th, 2018 - 03:56 GMT

Turkey, Syria Trade Resumes With New Customs Gate Opening

"New economic sanctions on Iran do not target Iran's population. They target the Iranian regime's behavior," (Shutterstock)
November 11th, 2018 - 03:50 GMT

Iraq Gets 45-Day Sanctions Waiver Period for Iranian Gas and Electricity Imports, But There Is a Catch

n his speech, HE al-Muraikhi thanked the government of Norway for hosting the GFF Replenishment event, in partnership with the government of Burkina Faso, Bill and Melinda Gates Foundation and the World Bank Group. (Gulf Times)
November 8th, 2018 - 03:49 GMT

Global Financing Facility to Receive $30 Million From Qatar

The paper further stated that the fact that some of the biggest names in technology in the world have agreed to be partners in the tutoring and training of the One Million Arab Coders programme attests to the impact this initiative is poised to deliver. (Shutterstock)
November 8th, 2018 - 03:41 GMT

Dubai Attracts 22,000 Coders in Bid to Empower the Tech Industry Through Youth

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