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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 ...

He said the sanctions were an opportunity for domestic manufacturers (Shutterstock)

October 11th, 2018 - 07:25 GMT

Iran Prepares for US Sanctions and Builds Its Own Oil Transfer Turbines

Under the traffic laws, driving in foggy conditions without using low or foggy lights are punishable by Dh500 fine and four black points. (Shutterstock)

October 11th, 2018 - 07:18 GMT

Break This Traffic Law in UAE and Get a DH1,000 Fine and 4 Black Points!

On Tuesday, the partially-convertible Indian currency hit a fresh low of 74.395 per dollar. (Shutterstock)

October 11th, 2018 - 07:11 GMT

India's Rupee Is Not Recovering Any Time Soon

Qatar has become one of the leading countries in the Gulf to promote workers’ interests and provide their needs, calling on other Gulf states to follow suit. (Shutterstock)

October 11th, 2018 - 06:37 GMT

Qatar Praised for Leading Gulf Nations in Labour Rights

The move is part of Abu Dhabi Securities Market’s initiatives to adopt the ID card in all its public transactions. (Shutterstock)

October 11th, 2018 - 05:49 GMT

Investors in Abu Dhabi Securities Exchange Will Have Same Emirates ID Number

Saudi Arabia is the biggest investor across the Gulf region with regards to healthcare and educational property fit-outs. (Shutterstock)

October 11th, 2018 - 05:39 GMT

Saudi Biggest Spender on Healthcare Properties in GCC at $3 Billion

Achieving Saudi Arabia’s ambitious Vision 2030 requires consolidation of regulations to attract foreign investment, create new jobs and transfer private sector skills to the public sector. (Shutterstock)

October 11th, 2018 - 05:30 GMT

Experts Urge Saudi to Revamp Regulatory Laws to Attract FDI

Turkey has been pushing for trade in local currencies accusing the U.S. administration of using the dollar as a tool to attack other countries’ economies. (AFP)

October 11th, 2018 - 05:25 GMT

Erdogan Wants Africa to Forsake Dollar and Trade in Local Currencies

Qatari Fuel Continues to Flow Into Gaza Only Power Plant. (Shutterstock)

October 11th, 2018 - 05:21 GMT

Qatari Fuel Continues to Flow Into Gaza Only Power Plant

The amount of cannabis resin seized during the first eight months of 2018 has decreased by 34.75% compared to the same period of 2017. (Shutterstock)

October 11th, 2018 - 05:08 GMT

Algeria Seizes Over 25 Tonnes of Cannabis Resin in 2018 so Far

Output across Dubai’s non-oil private sector increased during September. Although the rate of growth eased since August, it remained sharp overall and above the long-run average. Activity increased to the greatest extent in the wholesale & retail sector. (Shutterstock)

October 10th, 2018 - 06:45 GMT

Dubai’s Non-Oil Private Sector Growth Slowing Down

The turbine unit contract is Boston-based GE’s biggest in the Middle East and North Africa and Turkey so far this year. (Shutterstock)

October 10th, 2018 - 06:39 GMT

GE to Power Egypt's First Nuclear Plant