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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 ...

Zied Ladhari said that the authorities and businessmen in Tunisia and Morocco have become convinced more than any time in the necessity of activating the joint bilateral and regional agreements and conventions that enhance cooperation between the two countries. (Shutterstock)

October 21st, 2018 - 06:12 GMT

Morocco, Tunisia to Power up Their Lucrative Vehicles Industry

The current USA administration, since its inception, has been calling for lower prices and attacking any move made by OPEC. Nothing seems to satisfy them. (Shutterstock)

October 21st, 2018 - 06:07 GMT

Opinion: NOPEC Could Happen

A member of the committee MP Mohammad Al- Dalal stressed the need to prioritize Kuwaitis for jobs especially in the private sector, adding that the number of expatriates especially those from Egypt and the Philippines must be reviewed. (Shutterstock)

October 21st, 2018 - 06:00 GMT

Kuwait Wants Less Expats in Public Sector to Make Room for 12,000 Unemployed Citizens

The ministry said in a statement that Socar Turkey's investment, which is expected to reach $2 billion, will be realized without any bureaucratic hurdles. (Shutterstock)

October 21st, 2018 - 05:54 GMT

Turkey's New Oil Refinery to Reduce Its Trade Deficit by $1.5 Billion

This June Turkey took delivery of its first two F-35 fighter jets at a ceremony in Fort Worth, Texas. (Shutterstock)

October 21st, 2018 - 05:50 GMT

Turkey's Defense, Aerospace Industry Exports to Reach $2 Billion

Tunisia is engaging in this process at a time in which Moody's has just changed its outlook from "stable" to "negative." (Shutterstock)

October 21st, 2018 - 05:44 GMT

Tunisia to Issue First Eurobond in 2018 on International Financial Market at €867.7 Million

Several robots were on display at the Gitex Technology Week and their companies were actively trying to place them in working positions across different industries. (Shutterstock)

October 18th, 2018 - 09:19 GMT

UAE Is Hiring, but Only If You're a Robot!

Jordan Arrests 33 on Financial and Criminal Charges. (Shutterstock)

October 18th, 2018 - 09:14 GMT

Jordan Arrests 33 on Financial and Criminal Charges

Iranian officials have downplayed the impacts of the US sanctions against the country. (Shutterstock)

October 18th, 2018 - 09:05 GMT

Iran Furious Over New US Sanctions

The Italian official made the remarks in a visit to Iranian Northern Province of Mazandaran, calling for provision of necessary grounds to expand mutual cooperation. (Shutterstock)

October 18th, 2018 - 09:00 GMT

Iran, Italy to Find Common Economic Grounds

Many prominent company leaders have said they will not attend the FII, which is scheduled to start in Riyadh next week. (Shutterstock)

October 18th, 2018 - 08:42 GMT

BlackRock Not Parting Ways With Saudi Despite FII Absence

The Middle East cinema market is doing very well. (Shutterstock)

October 18th, 2018 - 08:31 GMT

First MENA Cinema Forum to Highlight Investment Opportunities in Region