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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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Despite the lower purchases, Iran remained the third biggest oil supplier to India in August, the data showed. (Shutterstock)
September 12th, 2018 - 06:26 GMT

Iraq Ahead of Saudi Arabia as Top Oil Supplier to India

The guide will be useful to tourists who are big on adventure and would like to know about the various heritage sites in the governorate. (Shutterstock)
September 12th, 2018 - 06:23 GMT

Muscat as Never Seen Before, Thanks to New Tourism App

Turkey aims to export smart phones to 45 countries by the end of this year. (Shutterstock)
September 12th, 2018 - 06:15 GMT

Turkey's Smartphone Producer to Export to 45 Countries Worldwide

The new law comes to “redistribute the tax burden and achieve justice among all groups of society. (Shutterstock)
September 12th, 2018 - 06:12 GMT

Jordan's New Income Tax Law Promises Little Change for Investors

Saudi Arabia has been seeking a civilian nuclear agreement with the United States. (AFP)
September 12th, 2018 - 06:02 GMT

US, Saudi Discuss Civil Nuclear Engagement

Those who have entered the UAE illegally after August 1, 2018 will not be entitled to avail the Amnesty scheme. (Shutterstock)
September 12th, 2018 - 05:49 GMT

UAE Amnesty Scheme Inapplicable for Illegal Expats Post August 1

Emaar refutes the report by a section of the media. (Shutterstock)
September 12th, 2018 - 05:48 GMT

Emaar Refutes 10-Year Visa Offer to Investors

The health sector in Saudi Arabia is the largest among all Middle Eastern countries. (Shutterstock)
September 11th, 2018 - 08:54 GMT

Saudi Health Sector Expenditure at $40 Billion, Largest in the Middle East

Iran’s Oil Revenues Rise up to $9.9 Billion. (Shutterstock)
September 11th, 2018 - 08:50 GMT

Iran’s Oil Revenues Rise up to $9.9 Billion

The new cities are planned in Cairo, Giza, Dakahlia, Beheira, Port Said, Matrouh, North Sinai, Beni Suef, Minya, Assiut, Qena, Luxor and Aswan. (Shutterstock)
September 11th, 2018 - 08:15 GMT

Egypt 20 New Cities to Accommodate 30 Million

Egypt and the United States signed a $65 million grant to support infrastructure in the country. (Shutterstock)
September 11th, 2018 - 08:10 GMT

US Grants $65 Million to Egypt for Infrastructure Support

The exchange rate of the US dollar was relatively stable during transactions on Sunday. (Shutterstock)
September 11th, 2018 - 08:02 GMT

Egyptian Major Banks Report Stable Dollar Prices

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