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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 imports of the U.S. in July reached $35.7 million. (Shutterstock)
September 10th, 2018 - 08:14 GMT

US - Iran Trade Reaches $60.7 Million in July Despite Sanctions

Consumers usually do not have any kind of protection on their devices. (Shutterstock)
September 10th, 2018 - 08:08 GMT

Turkey Cyberattacks Rises to 24.9 Percent in First Half of 2018

Business activity increased once again in Dubai’s non-oil private sector. (Shutterstock)
September 10th, 2018 - 07:36 GMT

Dubai Non-Oil Private Sector Economy Sees Slow Improvement Over Four Months

The Royal Commission for Makkah and the Holy Sites will implement giant projects in Mecca and the holy sites plans to serve pilgrims and making their pilgrimage more comfortable. (Shutterstock)
September 10th, 2018 - 07:31 GMT

Saudi Holy Sites to Adopt Hi-Tech Projects

There were a total of 241,076 employees working in the wholesale business involving 36,379 establishments by the first quarter of 2018.
September 10th, 2018 - 06:55 GMT

Report: Expats Occupy More Than 70 Percent of Jobs in Wholesale Sector

Saudi companies are more optimistic about revenue growth than they were last year. (Shutterstock)
September 10th, 2018 - 06:40 GMT

Survey: Ernst & Young Predicts 10 Percent Growth for Saudi Companies

The new licenses need to obtain a 'No Objection Certificate' for the first year. (Shutterstock)
September 10th, 2018 - 06:31 GMT

Abu Dhabi New Guidelines to Facilitate Economic Licenses

Gold bonds and lease certificates will be issued to individual investors. (File/ Photo)
September 9th, 2018 - 09:00 GMT

Turkish Treasury to Issue New Gold-Based Securities

Iran has discussed trade in national currencies with Russia and Turkey in order to reduce the impact of U.S. dollar on the three countries’ trade and economies. (Shutterstock)
September 9th, 2018 - 08:58 GMT

Iran, Russia, Turkey to Ditch US Dollar in Trade

Investment opportunities in the hotel sector will increase by over SR100 million. This will create over 15,000 job opportunities for Saudi young men and women. (Shutterstock)
September 9th, 2018 - 08:54 GMT

Saudis to Access 15,000 Job Opportunities

With the tax projected to be put into effect in the near future in the sultanate, OABC and EY are working with companies throughout Oman to help them with this transition. (Shutterstock)
September 9th, 2018 - 08:27 GMT

Oman Gears Up Public for VAT Seminars

Among oil and gas products, refined products shot up by 39 per cent while crude oil and natural gas price soared by 17.9 per cent. (Shuttertsock)
September 9th, 2018 - 08:22 GMT

Oman's Producer Price-Based Inflation Rises by 17.7 Percent

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