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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 Gulf region is mainly an importing region with large trade deficits outside of its oil exports. (Shutterstock)
October 28th, 2018 - 09:59 GMT

Can GCC Withstand US-China Trade War Shocks?

The head of the state-run National Iranian Oil Company (NIOC) said Fri. that foreign customers can now purchase Iranian crude oil via Energy Exchange by obtaining new ‘trading codes’. (Shutterstock)
October 28th, 2018 - 09:55 GMT

Iran Launches Energy Exchange Trading Codes to Enable Oil Foreign Purchases

Macron stressed that it was clear that the journalist, last seen entering the Saudi consulate in Istanbul on October 2, had been assassinated. (AFP)
October 28th, 2018 - 09:49 GMT

Unlike Germany, France to Continue Arms Sales to Saudi Arabia Despite Khashoggi Killing

Khashoggi, a Saudi national and columnist for The Washington Post, was last seen entering the his country's consulate in Istanbul on October 2. (AFP)
October 28th, 2018 - 09:39 GMT

Report: Khashoggi Killing to Have Short Term Impact on Saudi Economic Reform

The project will consist of multiple stages and is said to open by 2022. (Shutterstock)
October 28th, 2018 - 09:27 GMT

Work on Oman’s $130 Million Barka Marina Project Kicks Off

Economy Minister Mohammed Al-Tuwaijri with Kirill Dmitriev, Bassem Awadallah and Darren Davis at Thursday’s panel discussion moderated by Frank Kane. (AN photo by Ziyad Alarfaj)
October 28th, 2018 - 08:01 GMT

Saudi Arabia to Privatize These Four Sectors

The country’s non-oil revenues surged by almost half in the third quarter compared to the same time last year. (Shutterstock)
October 28th, 2018 - 07:46 GMT

Saudi's Giga-Projects Buoyed by $60 Billion Worth of Deals at FII

Turkish and Germany energy ministers on Friday signed a letter of intent to develop energy projects. (Shutterstock)
October 28th, 2018 - 07:39 GMT

Germany to Build on Its €25 Billion Energy Investments in Turkey

Spread over an area of over 76 million square meters (818 square feet), the first phase of the airport will serve 90 million passengers. (Anadolu Agency)
October 28th, 2018 - 07:18 GMT

World Leaders to Inaugurate New Istanbul Airport

Egypt Petroleum Minister Tarek El Molla. (AFP)
October 28th, 2018 - 07:09 GMT

Egypt Announces New Production Model to Attract Foreign Oil and Gas Firms

Amazon was worth $805 billion on Friday. (Shutterstock)
October 28th, 2018 - 06:59 GMT

Microsoft Second Most Valuable US Company After Amazon's $65 Billion Losses

In accordance with the UAE Cabinet decision, the tax returns and payment of due tax to the Authority must be submitted not later than the 28th day after the end of the relevant tax period. (Shutterstock)
October 25th, 2018 - 05:05 GMT

UAE Adds Another Shake up to VAT System

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