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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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Egypt is Africa's strongest and most investible economy. (Shutterstock)
September 19th, 2018 - 07:32 GMT

Egypt Reigns as Africa’s Strongest Investible Economies

The Kingdom’s tourism sector needs 5,896 jobs by the end of 2019. (Shuttertstock)
September 19th, 2018 - 07:27 GMT

Report: Jordan's Tourism Sector Needs More Than 5,000 Jobs to Bridge Supply-Demand Gap

Cash withdrawals are now possible using simply a PIN and your fingerprint. (Shutterstock)
September 19th, 2018 - 07:21 GMT

Bahrain Launches GCC's First Biometric Payment System

The initiative may encourage investment in purpose-built accommodation for older generations. (Shutterstock)
September 19th, 2018 - 06:57 GMT

UAE Real Estate to Benefit From New Retiree Visa Law

Crude is averaging about $72 a barrel this year, and the International Energy Agency warned last week that prices could rise above $80. (Shutterstock)
September 19th, 2018 - 06:53 GMT

OPEC, Non-OPEC Countries to Finalize Permanent Framework Ahead of US Sanctions

The trade between Iran and its western neighbor Iraq has grown 30 percent during the first five months of the Iranian calendar year. (Shutterstock)
September 18th, 2018 - 09:59 GMT

Iran-Iraq Trade Grows 30 Percent to More Than $12 Billion

The country's budget revenues totaled 485.7 billion Turkish liras ($109 billion) in the first eight months of this year. (Shutterstock)
September 18th, 2018 - 09:54 GMT

Turkey Hits $11.4 Billion Budget Deficit Between Jan-Aug 2018

Dubai and Abu Dhabi in the United Arab Emirates (UAE) could soon join London, New York and Hong Kong in the world’s top 10 global financial centre rankings. (Shutterstock)
September 18th, 2018 - 09:47 GMT

New UAE Visa Law Might Propel It to Top 10 World Financial Hubs

Duqm airport connects to the port through a double three-lane road in each direction, providing a smooth and easy link between them. (Times of Oman)
September 18th, 2018 - 09:36 GMT

Oman's Future Economic Powerhouse Inaugurates New Duqum Airport

The Kingdom’s revenues from tourism went up by 23.3 per cent, reaching $686.3 million. (Shutterstock)
September 18th, 2018 - 07:52 GMT

Jordan's Tourism Income Hits $3.6 Billion

Official data showed that the number of unemployed persons age 15 years and over rose by around 64,000 on a yearly basis. (Shutterstock)
September 18th, 2018 - 07:49 GMT

Turkey's Unemployment Rate Stable

KSA should be able to provide goods and services for its local market as well as build globally competitive export industries. (Shutterstock)
September 18th, 2018 - 07:42 GMT

Saudi Localization Plans to Introduce Multibillion-Dollar Infrastructure Dividend

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