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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 ...

Qasim Al-Fahdawi, Minister of Electricity, and Joe Kaeser, president and CEO of Siemens AG. (Trade Arabia)

October 22nd, 2018 - 06:53 GMT

Siemens Power Project a Lifeline for Iraq's Struggling Economy

Iran, Russia, India Alliance to Forge Strong Economic Ties Ahead of US Sanctions. (Shutterstock)

October 22nd, 2018 - 06:46 GMT

Iran, Russia, India Alliance to Forge Strong Economic Ties Ahead of US Sanctions

The fishermen were shocked when they were prevented from fishing in the Kuwaiti waters which was helping them in covering their expenses. (Shutterstock)

October 22nd, 2018 - 06:41 GMT

Ban on Shrimp Fishing in Kuwait Forces 70 Percent of Egyptians to Leave Country for Good

The statistics show that 1,038 properties were purchased by GCC nationals in August 2018. (Shutterstock)

October 22nd, 2018 - 06:31 GMT

This Country Is the Preferred Choice for GCC Citizens Property Investments, and Its Neither Dubai nor Lebanon

The Saudi index closed up 0.2 percent on Sunday after falling as much as 3.5 percent earlier in the session. (AFP)

October 22nd, 2018 - 06:25 GMT

Foreigners Sell $1.1 Billion of Saudi Stocks as Khashoggi Death Spooks Investors

So far $8 billion has reached Egyptian coffers. (Shutterstock)

October 22nd, 2018 - 06:05 GMT

Egypt's Economy Is Improving, but IMF Obligations Remain

“Lebanon has a lot of assets. It has properties. It owns all its public facilities and should expect big incomes estimated at more than $300 billion from oil and gas. (Shutterstock)

October 22nd, 2018 - 05:59 GMT

Private Sector Could Save Lebanon's Economy, but Politics Should Pitch In

In a statement on Friday, Ghasemi expressed satisfaction that a majority of FATF members were not influenced by political pressure of the US. (Shutterstock)

October 21st, 2018 - 07:50 GMT

Iran Hails FATF’s Deadline Extension

Traditional practices that place greater emphasis on preventive healthcare, such as ayurveda, homeopathy, and yoga, have significantly contributed to the robust growth of this sector, catering to loyal clients who visit every year on average. (Shutterstock)

October 21st, 2018 - 06:46 GMT

UAE's Tourism Industry Is Banking on Wellness to Reach Half a Million Tourists a Year by 2020

Qatari business owners are interested in identifying investment opportunities in the industrial sectors of Oman. (Made In Qatar)

October 21st, 2018 - 06:37 GMT

‘Made in Qatar’ Oman Edition Offers Mega Investments Ops via 214 Qatari Companies

He reiterated that the British government backs Joint Comprehensive Plan of Action (JCPOA) wholeheartedly. (AFP)

October 21st, 2018 - 06:28 GMT

Ex-UK Foreign Secretary Warns US Against Iran Sanctions and Withdrawal From JCPOA

The tower was designed by architects Rafael de la Hoz and Hakim Benjelloun and will feature a luxury hotel in addition to offices and apartments. A viewing terrace is also being planned for the top of the tower. (Bank of Africa)

October 21st, 2018 - 06:22 GMT

Morocco to House Africa's Tallest Tower