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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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Masayoshi Son has already paid a price for his close ties to Saudi Arabia. It could soon go much higher. (AFP)
October 16th, 2018 - 07:12 GMT

How the Khashoggi Case Is Costing Softbank's Son 19 Percent of Stocks Losses

Prices jumped so fast that the $85 barrier was broken, with expectations that it would reach $90. (Shutterstock)
October 16th, 2018 - 06:37 GMT

Opinion: Oil Prices Will Continue to Rise, and Here's Why

Automobile spare parts market is one of the lucrative trade areas in the Kingdom. (Shutterstock)
October 16th, 2018 - 06:32 GMT

Automobile Sector Jobs Finds Favour With Young Saudis

The UAE has the youngest population in the GCC with 50 per cent under 20 years old. (Shutterstock)
October 16th, 2018 - 06:26 GMT

Jobs for Locals Top Priority on GCC Strategy

On Thursday, the port had decided to "suspend all operations" due to the development of the tropical storm. (AFP)
October 15th, 2018 - 08:54 GMT

Salalah Port Resumes Operations as Storm Luban Weakens

The Tadawul All-Shares Index (TASI) quickly lost more than 500 points on the first trading day of the week. (AFP)
October 15th, 2018 - 08:47 GMT

Saudi Stocks in the Red After Trump Warnings Over Khashoggi Case

Jordan’s efforts to enhance trade with Palestine faces obstacles by Israeli occupation authorities attempting to keep the Palestinian market under Israeli control. (Shutterstock)
October 15th, 2018 - 08:43 GMT

Israel Obstructs Efforts of Jordan, Palestine Trade

Egypt raised 2 billion euro in bonds in April. (Shutterstock)
October 15th, 2018 - 08:33 GMT

Egypt Looks to Asia as It Undergoes Debt Restructuring

UAE business tycoon Khalaf Ahmad Al-Habtoor has called for an Arab boycott of US companies. (File/photo)
October 15th, 2018 - 08:21 GMT

UAE Tycoon Khalaf Al-Habtoor Urges Boycott of US Firms Which Opted out of Saudi Investment Summit

Vision 2030 aims to reduce the country’s dependency on oil and focus on untapped renewable energy resources. (Shutterstock)
October 15th, 2018 - 08:15 GMT

Opinion: What Exactly Is Vision 2030 and What Does It Mean to Saudis?

Qatar to build global multilateral trade system. (Shutterstock)
October 15th, 2018 - 08:07 GMT

Qatar Sees the Future in Multilateral Trade System

India requires huge investment in creating infrastructure for receiving liquefied natural gas to the country. (Shutterstock)
October 15th, 2018 - 07:27 GMT

Gujarat Eyes Qatari Investments

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