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Shell company building

July 30th, 2026 - 09:20 GMT

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 ...

Audiences will be able to watch dramas including Vanity Fair,Victoria and Vera and programmes such as The Voice UK and The Voice Kids, among others. (ITV)

November 8th, 2018 - 03:34 GMT

UK’s ITV Choice Enters the Middle East via MyHD Partnership

A security source said this happened in the background of letters issued by the Undersecretary of the Criminal Security at the Ministry of Interior Major-General Khalid Al-Dayeen to the Undersecretary of the Ministry of Interior and the issue was discussed at the highest level. (Shutterstock)

November 8th, 2018 - 03:23 GMT

Citing Security Concerns, Kuwait Bans Entry to These Nationalities

Misk Innovation was set up to help young Saudis to embrace the technological revolution. It aimed to provide a comprehensive framework to discover, develop and empower young Saudis. (Shutterstock)

November 8th, 2018 - 03:12 GMT

Saudi Wants to Be the Next Innovation Hub. Will Techies Answer the Call?

The coastal cities lead the market in occupancy in Q3 2018, however, Sharm El Sheikh and Hurghada have not achieved the high Y-o-Y gains seen in Q3 2017. (Shutterstock)

November 8th, 2018 - 03:05 GMT

Egyptian Tourism Recovery to Continue but Some Destinations Are Not Faring As Well

Prior to U.S. sanctions on Iran, Japan decreased its Iranian imports in September by 140 thousand barrels per day (bpd) from the 183 thousand bpd imported in June. (Shutterstock)

November 8th, 2018 - 03:00 GMT

Japan to Apply for Extension on Iranian Waivers

Poroshenko met Turkish President Recep Tayyip Erdogan during the 7th meeting of the council between Turkey and Ukraine held in Istanbul on Saturday. (Shutterstock)

November 8th, 2018 - 02:53 GMT

Ukraine, Turkey to Commence Free Trade

Notably, the pressure on the SWIFT operators is unacceptable, Lavrov said. (Shutterstock)

November 8th, 2018 - 02:43 GMT

Russia Sides With Iran as US Implements Sanctions

Germany’s top diplomat also warned that new sanctions on Iran may further escalate tensions in the Middle East and become a threat to Europe’s security. (Shutterstock)

November 8th, 2018 - 02:38 GMT

Germany Fears US Sanctions Will Empower Irani Radicals

The president said the new Ethiopian leadership has shown "positive signs" in this regard, referring to Prime Minister Abiy Ahmed, who came in to office in April. (AFP)

November 8th, 2018 - 02:33 GMT

Egypt Wants Guarantees From Ethiopia on Its $4 Billion Dam

Iran is among the countries which the US is courting for stepped-up sales of the oilseed. (Shutterstock)

November 7th, 2018 - 08:22 GMT

US’ Iran-Bound Cargoes Still Operational Despite Sanctions

According to OBG’s findings, 70 per cent of executives said their expectations for local business conditions in the approaching year were either positive or very positive. (Shutterstock)

November 7th, 2018 - 08:12 GMT

GCC Executives Cast Positive Outlook on Region but Wary of Political Upheavals

Egypt plans to repay all of its $1.2 billion debt to foreign oil and gas companies by the end of 2019. (Shutterstock)

November 7th, 2018 - 08:06 GMT

Will Egypt Be Able to Repay Its $1.2 Billion Debts to Foreign Oil Companies?