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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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Egypt has imposed harsh austerity measures to try to right the economy and reduce the budget deficit. (Shutterstock)
November 4th, 2018 - 02:55 GMT

Egypt Strikes Right Chord With IMF on Next $2 Billion Loan Payment

Bloomberg reported on Friday that South Korea and Japan had received waivers along with India, which relies heavily on Iranian supplies. (Shutterstock)
November 4th, 2018 - 02:49 GMT

South Korea, Japan, Amongst 8 Countries That US Granted Iran Sanctions Waivers

The recent decision of the International Court of Justice and its provisional measure against U.S. unilateral sanctions reaffirms the legitimacy of Iran’s position, and the illegality of these oppressive sanctions. (AFP)
November 4th, 2018 - 02:43 GMT

Rouhani Urges Europe to Collaborate With Iran to Counter U.S. One-Sided Actions

Shortly after the announcement, Trump tweeted what looks like a movie poster image of himself walking that takes creative inspiration from the TV series “Game of Thrones” to announce the reimposition of sanctions. (Shutterstock)
November 4th, 2018 - 02:35 GMT

Trump Restores Pre-Obama Iran Sanctions

If You're in the Automotive Industry in MENA, Watch out for These Future Trends. (Shutterstock)
November 1st, 2018 - 08:43 GMT

If You're in the Automotive Industry in MENA, Watch out for These Future Trends

Investcorp has invested more than GBP 250 million across its portfolio of UK and European real estate assets since June 2017. (Shutterstock)
November 1st, 2018 - 08:37 GMT

Investcorp Puts More Eggs in UK Basket With Industrial Units Acquisitions in Scotland

Bahrain’s Apm Terminals IPO to Raise Over $30 Million. (Shutterstock)
November 1st, 2018 - 08:31 GMT

Bahrain’s APM Terminals IPO to Raise Over $30 Million

FIFA President Gianni Infantino. (AFP)
November 1st, 2018 - 08:16 GMT

Qatar Might Witness World Cup Teams Expansion, but Will Neighbouring Countries Play Ball?

Morocco Wants German Investments to Power Its Emerging Industries. (Shutterstock)
November 1st, 2018 - 08:01 GMT

Morocco Wants German Investments to Power Its Emerging Industries

Qatar has been praised for its rapid labour reforms. (Shutterstock)
November 1st, 2018 - 07:45 GMT

Qatar Fund Aims to Help Migrant Workers in Bid to Meet UN Obligations

“Unfortunately, often when that tax goes up the illicit trade will go up,” said LeMoult, speaking at the third Global Illicit Trade Forum in Abu Dhabi. (Shutterstock)
November 1st, 2018 - 03:30 GMT

Illicit Trade in GCC Rises as VAT and Taxation Increase

On Tuesday, the executive director of the International Energy Agency (IEA), Fatih Birol, warned that high oil prices hurt consumers and could harm producers. (Shutterstock)
November 1st, 2018 - 03:25 GMT

Oil Prices Rising Despite Output Increase and Iran Sanctions

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