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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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Two billion people depend on groundwater sourced from transboundary aquifer systems. (Shutterstock)
August 30th, 2018 - 09:44 GMT

Arab Region Faces the Challenge of Water Scarcity

KhalifaSat, an earth observation satellite, will join the UAE’s two imaging satellites already in orbit – DubaiSat-1 and DubaiSat-2. (tahawultech)
August 30th, 2018 - 09:37 GMT

First UAE-Made Satellite to Launch in October

The airport clocked monthly traffic exceeding 8 million passengers on three other occasions last year – in January (8.03 million), July (8.06 million) and August (8.23 million). (Shutterstock)
August 30th, 2018 - 09:32 GMT

Dubai Welcomes More Than 8 Million Passengers in July

Saudi Crown Prince, Mohammad bin Salman. (AFP)
August 30th, 2018 - 09:24 GMT

Video: Are We Witnessing the Crash and Burn of Saudi Economy?


The reform group also vowed to improve basic freedoms and the judiciary as it convened for the first time since Turkey switched to an executive presidential system after June 24 elections. (Shutterstock)
August 30th, 2018 - 09:16 GMT

Turkey Pledges to Speed up EU Reforms

Banks are trimming branch numbers as consumers tilt towards online banking. (Shutterstock)
August 30th, 2018 - 08:55 GMT

Report: UAE Banks Laid off Over 600 Employees in 2017

Wi-Fi is a common location solutions tool, and can be an inexpensive and easy option. (Shutterstock)
August 30th, 2018 - 08:48 GMT

How to Choose the Right Location Technology Solution

Avoid these common mistakes to get rejected. (Shutterstock)
August 30th, 2018 - 08:28 GMT

7 Mistakes to Avoid When Applying for a UAE Visa

Some pharmacists complained of the "unattractive offers" in addition to the lack of opportunities. (Shutterstock)
August 30th, 2018 - 05:00 GMT

Unemployment Rate Among Jordanian Pharmacists Reaches 20 Percent

Twitter suspended more than 70 million fake accounts in May and June. (Shutterstock)
August 30th, 2018 - 04:00 GMT

Twitter Suspends More Than 700 Accounts Linked to Iran, Russia

The currency has lost about 40 per cent of its value against the dollar this year. (Shutterstock)
August 29th, 2018 - 11:49 GMT

Borrowing Limits Doubled for Banks in Turkey

The ratings agency said that the downgrades reflect a substantial increase in the risk of a downside scenario, where a further negative shift in investor sentiment could lead to a curtailing of wholesale funding. (Shutterstock)
August 29th, 2018 - 11:42 GMT

Moody's Downgrades 20 Financial Institutions in Turkey

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