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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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Iran's oil exports have already fallen by nearly one-third since Trump's announcement. (Shutterstock)
September 25th, 2018 - 05:14 GMT

Iran Oil Exports Bullish, Despite Falling by One-Third Since Trump's Announcement

The majority of expats have come to Kuwait according to authenticated contracts either as domestic helpers, laborers or are seeking jobs in the private sector. (AFP)
September 25th, 2018 - 05:07 GMT

Opinion: Why is Kuwait Raging a War Against Expats?

Qatar is likely to set aside around QR20 billion next year for the ongoing revamp of the infrastructure inside Doha in the run-up to the 2022 FIFA World Cup. (Shutterstock)
September 25th, 2018 - 04:57 GMT

Qatar to Spend QR 20 Billion Next Year on Infrastructure Ahead of World Cup 2022

Qatar-Oman trade reached more than QR3.5 billion in 2017. (Shutterstock)
September 25th, 2018 - 04:50 GMT

Why Is Oman Hosting Made in Qatar Expo Despite the Siege?

The World Bank announced Saturday a $300 million loan to Egypt for complementing the current ‘’Sustainable Rural Sanitation Services Program’’. (Shutterstock)
September 24th, 2018 - 10:10 GMT

Egypt to Start Rural Sanitation Services Program With $300 Million Loan

The drop in sales can be attributed to several factors, such as high inflation, political instability in the country. (Shutterstock)
September 24th, 2018 - 09:57 GMT

Lebanese Retail Economy Still Stagnant Despite Massive Discounts

By speeding up the transfer of data regarding workers found violating the Omani Labour Laws, the link will also cut costs and efforts to resolve such disputes. (Shutterstock)
September 24th, 2018 - 09:50 GMT

Oman to Make Labour Dispute Resolutions Faster

The move is meant to reverse a sharp drop in gold miner shares. (Shutterstock)
September 24th, 2018 - 07:19 GMT

Sawiris Leads Flock to Reverse Gold Miner Shares Drop

he Iranian minister expressed hope Sunday’s meeting of the OPEC and non-OPEC monitoring committee in Algeria would not be impacted by Trump’s threat. (Shutterstock)
September 24th, 2018 - 07:12 GMT

Iran Accuses Trump of Pressing GCC Oil Producers to Increase Output

Over the past year, pension fund investments have reached QR90 billion. (Shutterstock)
September 24th, 2018 - 07:04 GMT

Buoyed by QR 90 Billion Last Year, Qatar to Improve Pension Fund Investments

Visitors at Russian companies' pavilions at the Damascus International Fair. (AFP)
September 24th, 2018 - 06:54 GMT

Russia, Iran Vie for Syria's Reconstruction Rat Race

on Friday that the Cabinet's decision to exempt and reduce the sales tax on a number of food items and the agricultural sector, went into effect. (Shutterstock)
September 24th, 2018 - 06:48 GMT

Jordan's Reduced Taxes Goes Live

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