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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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Alizz Islamic Bank offers Shari’ah-compliant banking solutions using Islamic contracts. (Shutterstock)
October 17th, 2018 - 03:58 GMT

Alizz Islamic Bank, Al Raffd Fund Sign Agreement to Support Oman SMEs

This will be made applicable to domestic workers of some countries. (Shutterstock)
October 17th, 2018 - 03:51 GMT

Domestic Workers to Undergo Compulsory Medical Test After Every Overseas Trip

The district will comprise 21 giant towers and will be completed at the end of 2020, with an investment cost worth $3.2 billion. (UDC)
October 17th, 2018 - 03:44 GMT

China and Singapore Set Their Eyes on Industrial and Tech Projects in Egypt's New Capital

Erdogan noted the Turkish-Romanian relations were raised to the level of a strategic partnership in 2011. (Anadolu)
October 17th, 2018 - 03:33 GMT

Turkey, Romania Trade to Jump to $10 Billion

Besides co-founding Microsoft with Bill Gates, he founded various technology firms and institutes such as the Allen Institute and Allen Institute for Artificial Intelligence. (AFP)
October 17th, 2018 - 03:26 GMT

Microsoft Co-Founder Succumbs to Cancer, Dies at 65

JICA always supports development of mutual cooperation in the private sector and it will use its utmost efforts to return the Japanese companies to the Iranian market. (Shutterstock)
October 16th, 2018 - 08:28 GMT

Japan Comes to Iran's Rescue Ahead of Sanctions

The Hospitality sector will create 20,000 additional jobs by 2020. (Shutterstock)
October 16th, 2018 - 08:10 GMT

Jordan to Create 20,000 Hospitality Jobs by 2020

20 inspectors for sea-related training have taken part in the VR sessions to get them ready for fieldwork. (KhaleejTimes)
October 16th, 2018 - 08:05 GMT

Dubai Customs Employs VR to Locate Hidden Drugs, Weapons

The investment bank was alluding to the Central Bank’s 2016 financial engineering which helped BDL draw more dollars to beef up its foreign currency reserves. (AFP)
October 16th, 2018 - 08:00 GMT

Goldman Sachs Hopes BDL Will Help Lebanon Avoid a Financial Crisis

The program for a high-profile gathering of global leaders, business chiefs and innovators in Riyadh next week. (Shutterstock)
October 16th, 2018 - 07:41 GMT

‘Davos in the Desert’ Attracts 150 Global Influencers to Riyadh

If Saudi Arabia does use its crude resources to hit back, it would be a break from its decades-old policy of putting petroleum above politics. (Shutterstock)
October 16th, 2018 - 07:33 GMT

Saudi Arabia Will Mix Oil With Politics If Threatened Over Khashoggi Case

Mubadala said it would consider reviving the IPO. (AFP)
October 16th, 2018 - 07:20 GMT

Abu Dhabi Cancels Cepsa's IPO as Investors Recoil

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