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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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The Houthi's Masirah TV earlier said, without providing evidence, a Sammad-3 drone had launched a drone attack on the airport. (Shutterstock)
October 1st, 2018 - 04:34 GMT

UAE Denies Houthis Strike, Dubai International Airport Operating as Normal

Fifth Street Cafe_Courtyard by Marriott World Trade Center, Abu Dhabi
September 30th, 2018 - 07:48 GMT

Delight in an Afternoon of Cold Brews With Fifth Street Café at Courtyard by Marriott World Trade Center, Abu Dhabi

According to the statement, Kawar announced Jordan’s commitment in narrowing the gap by transferring wages electronically in sectors where women dominate. (Shutterstock)
September 30th, 2018 - 07:48 GMT

Jordan's Gender Pay Gap Highest at Health Sector, at 31.8 Percent

The astronaut who will be selected as the first one to head to space will be announced later this year. (Shutterstock)
September 30th, 2018 - 07:41 GMT

UAE's First Space Voyage Set for April 5th 2019

Industry experts agree that Middle East organizations are turning to digital consultancies to help solve business challenges – including budget constraints, over-extension of IT infrastructure, optimizing information management, and finding minimal time to value for digital business solutions and strategies. (Shutterstock)
September 30th, 2018 - 07:28 GMT

MENA Enterprise Software Market to Exceed $ 760 Million in 2018

Qatar’s budget outlays for this current fiscal year are based on an assumed oil price of $45 a barrel, but if the oil prices continue to coast as they do now, Seetharaman said investments would flow into the country. (Shutterstock)
September 30th, 2018 - 07:19 GMT

Qatar’s Resilience Post Blockade - Business as Usual?

“We remain, despite the blockade, the world’s top exporter of LNG. Our reserves and funds are estimated to stand at 250 percent of the GDP, whether it is in cash reserves of in sovereign wealth fund investments. These are sufficient to sustain the country for another couple of decades.” (Shutterstock)
September 30th, 2018 - 07:01 GMT

Qatar’s Banking, Energy Sectors Stable and Profitable Despite Siege

The grant focuses on the rehabilitation of water networks, distribution and drainage networks in Yemen and water supply stations to prepare them for civilian use. (Shutterstock)
September 30th, 2018 - 06:51 GMT

Qatar Supplies 19.3 Million Yemenis With Water and Sanitation Projects Amidst the Saudi-UAE Led War on Yemen

Egypt began setting a monthly customs exchange rate in January 2017, following the liberalization of its currency in November 2016. (Shutterstock)
September 30th, 2018 - 06:32 GMT

Egypt to Stick to EGP16 to $1 for October

European Union Foreign Policy Chief Federica Mogherini said on Wednesday a so-called Special Purpose Vehicle (SPV) will facilitate trade with Iran and it will go into force before November. (Shutterstock)
September 30th, 2018 - 06:23 GMT

Iran Urges EU to Launch the New Financial Mechanism Ahead of Looming US Sanctions

The Kingdom’s banking sector is the most secure in the Arab region, where capital adequacy in Jordan amounted to 18.5 and 17.8 per cent in 2016 and 2017, respectively. (Shutterstock)
September 30th, 2018 - 06:14 GMT

Jordan's Banking Sector Is Most Secure in the Arab World, With $70.4 Billion Assets

While employment levels remain consistent, only 11% of the total pool of employees studied were recruited in the last 12 months. That’s down by nearly 20% year over year, indicative of people staying in their jobs longer in an uncertain economic environment. (Korn Ferry)
September 30th, 2018 - 05:55 GMT

Can Saudi Strike a Balance Between Its Rising Inflation Rate and Uneconomic Salary Bonuses?

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