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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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People in Iran spent 1,110 trillion rials (about $26.5 billion) on online shopping during the previous Iranian calendar year. (Shutterstock)
September 5th, 2018 - 10:51 GMT

Report: Over $26 Billion Dollar Spent in E-Commerce in Iran

Trade volume at Amman offices and the DLS headquarters amounted to 69 per cent of the Kingdom's trade, totalling JD2.4 billion. (Shutterstock)
September 5th, 2018 - 10:38 GMT

Jordan Real Estate Market Drops by 13 Percent

The global Muslim travel segment is currently valued at an estimated Dh660.6 billion. (Shutterstock)
September 5th, 2018 - 10:34 GMT

UAE Residents World's Highest Spenders of Halal Tourism

The high ranking reflects a string of visa facilitation measures introduced by Qatar. (Shutterstock)
September 5th, 2018 - 10:24 GMT

Qatar 'Most Open Country' for Visas in the Region

The Turkish bank loans will provide a key test of the nation’s ability to tap overseas debt markets amid US sanctions that have cooled the economy. (Shutterstock)
September 5th, 2018 - 10:17 GMT

Turkish Banks to Meet $6 Billion of Financing Deadlines

A non-profit organisation founded in Doha with teams in other neighbouring Gulf countries is raising awareness on the benefits of blockchain. (shutterstock)
September 5th, 2018 - 09:46 GMT

Gulf Blockchain Foundation to Increase Traction in the GCC by 2019

The agreement aims to enhance economic relations and reduce costs, especially of petroleum products and natural gas. (Shutterstock)
September 5th, 2018 - 08:53 GMT

Qatar, Turkey Sign Economic Partnership Agreement

Egyptian economy is safe from any economic fluctuations at the international level. (Shutterstock)
September 5th, 2018 - 08:35 GMT

Egypt Economic Reforms Spare it from Emerging Markets' Crises

Early gains lifted Amazon's value to $1 trillion only briefly, with the final close at $2,039.51 giving it a value of $995 billion. (Shutterstock)
September 5th, 2018 - 08:07 GMT

Amazon Long Game Pays off With Trillion-Dollar Market Value Milestone

Female trainees are acquainted with work procedures in the sector, methods of checking documents, work ethics and getting training on security skills in dealing with the public. (Shutterstock)
September 5th, 2018 - 07:59 GMT

290 Saudi Females Enroll for Passport Security Staff Training

The rising oil price has reduced the need for Gulf governments to sell bonds. (Shutterstock)
September 5th, 2018 - 07:51 GMT

Islamic GCC Bond Sales Fall by 32 Percent Due to Oil Price Hike

Local banks increased their hiring while foreign banks reduced the number of employees. (Shutterstock)
September 5th, 2018 - 06:45 GMT

More Than 750 Employees Hired in UAE Banks

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