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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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Development will continue, but technology will drive its progress, is the message the city wants to convey to investors and expats. (Shutterstock)
October 3rd, 2018 - 04:09 GMT

Opinion: Dubai Still Has Space to Grow

Muscat, the capital, recorded the highest number of arrests with 380 followed by A'Dakhiliyah governorate with 60. During the same week, 386 violating labourers were deported. (Shutterstock)
October 3rd, 2018 - 03:50 GMT

Oman Cracks Down on Expats With 600 Arrests in a Week

The Kingdom plans to build two large nuclear power reactors as part of a program to deliver up to 16 nuclear power plants over the next 20 to 25 years at a cost of more than US$80 billion. (Shutterstock)
October 3rd, 2018 - 03:40 GMT

Opinion: Saudi Should Go Nuclear

The Kingdom of Saudi Arabia affirms its continued support for the Yemeni government to restore Yemen's security and stability and enable it to carry out its duties. (AFP)
October 2nd, 2018 - 09:19 GMT

Saudi Grants $200 Million to Central Bank of Yemen

The war on corruption should not be selective. (Shutterstock)
October 2nd, 2018 - 08:15 GMT

In Tunis, Fight Against Corruption 'Is Selective'. INLUCC Is Trying to Change That.

The GDP growth projection has been revised after the expectations to form a Cabinet soon faded. (Shutterstock)
October 2nd, 2018 - 07:32 GMT

With No Government in Sight, Lebanon’s GDP Spirals Down

Selling oil to India under a rupee-rial agreement has not been finalized. (Shutterstock)
October 2nd, 2018 - 07:24 GMT

Iran Will Not Reduce Its Oil Output, Still Optimistic on India

Saudi Arabia has denied being behind the illegal broadcasts. (Shutterstock)
October 2nd, 2018 - 07:16 GMT

Pirating BeIN Sports Broadcast Could Cost Saudi $1 Billion

Qatar’s Office at the World Trade Organisation (WTO) in Geneva submitted a request for formal consultations, including Saudi Arabia’s violations against Qatar. (Shutterstock)
October 2nd, 2018 - 06:44 GMT

Qatar Files New Disputes Against Saudi Before WTO

In the statement, al-Jaida further said that Islamic banks in Qatar have encompassed the largest segment of the Islamic finance market, launching ambitious expansion plans abroad in recent years. (Shutterstock)
October 2nd, 2018 - 05:38 GMT

Qatar Looks East to Boost Islamic Finance

Autonomous vehicles or AVs should happen soon because over the next five years, around 100,000 new parking spaces are required for existing and new malls in Dubai, according to Andy Stevenson, Future Mobility Director at Mott MacDonald. (Shutterstock)
October 2nd, 2018 - 05:29 GMT

How Will Autonomous Parking Save Dubai $1 Billion?

With oil production and government spending set to rise, overall growth is projected to strengthen to 2.9 per cent this year and 3.7 per cent next year. (Shutterstock)
October 2nd, 2018 - 05:22 GMT

IMF Optimistic Over UAE's Growth Outlook Citing High Oil Prices

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