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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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Lebanon’s gross public debt rose by 4.3 percent to $82.95 billion in the first six months of 2018. (File/ Photo)
September 11th, 2018 - 07:56 GMT

Lebanon’s Chronic Public Debt Hits $83 Billion

Iran’s liquidity stood at 16.02 quadrillion rials. (Shutterstock)
September 11th, 2018 - 07:50 GMT

Iran's Liquidity Above $381 Billion, up by 20.1 Percent

Despite the moderate slowdown in consumption and investment, the economic growth in the second quarter continued with domestic demand. (Shutterstock)
September 11th, 2018 - 07:44 GMT

Despite Inflation Struggle, Turkey's Economy up by 5.2 Percent

The proposed merger, pending approvals by the banks' boards of directors, shareholders and regulators, would be credit positive for UAE banks. (Shutterstock)
September 11th, 2018 - 07:32 GMT

UAE Banks' Three-Way Merger a Boon for Banking System

Indian economy is expected to attract large-scale investment from the GCC to India. (Shutterstock)
September 11th, 2018 - 07:21 GMT

India’s Booming Economy Fuels GCC Investment Appetite

The Omanization drive is part of a government’s push to recruit more of its citizens. (Shutterstock)
September 11th, 2018 - 06:50 GMT

More Than 27,000 Illegal Expats Detained in Oman in 2017

The UAE maritime industry has been seeking exemption from VAT in line with the global practice as many countries relieved the industry from the taxation. (Shutterstock)
September 11th, 2018 - 06:46 GMT

After Gold, UAE Mulls This Sector for VAT Exemption

The scheme has been launched in one emirate, and will be rolled out across the country soon. (Shutterstock)
September 11th, 2018 - 06:36 GMT

UAE Rolls out New Private Sector Jobs System

Gold will remain a safe haven in the light of the rise of the US dollar’s rate and the recovery of stock and assets markets. (Shutterstock)
September 10th, 2018 - 09:18 GMT

Gold Prices Drop Below $1,200 per Ounce

The rise of mobile usage is driving video consumption (particularly on mobile-optimised social platforms), which in turn is driving up advertiser investment in video. (Shutterstock)
September 10th, 2018 - 08:33 GMT

Report: Advertisers to Invest $30 Billion in Online Video

Bitcoin, the first and most popular cryptocurrency, lost about 15% of its value last week. (Shutterstock)
September 10th, 2018 - 08:27 GMT

Despite Losses, Cryptocurrencies Gain Ground in Asia

The country might be releasing some rules for the tourists heading to the country. (Shutterstock)
September 10th, 2018 - 08:23 GMT

Travel Insurance for Tourists Visiting Egypt to Become Compulsory

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