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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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Construction permits covered an area of 5,693,998 square meters in the first seven months of 2018. (Shutterstock)
August 28th, 2018 - 10:23 GMT

Construction Permits in Lebanon Plummet by 20 Percent Due to Property Sales Plunge

Foreign Affairs Minister Chrystia Freeland, speaking in Berlin to the annual meeting of German ambassadors, set off a firestorm when she tweeted earlier this month for Saudi Arabia to “immediately release” jailed human rights activists. (Shutterstock)
August 28th, 2018 - 10:15 GMT

Canada Seeks Germany's Support to Resolve Saudi Dispute

Lebanon’s GDP growth to slow to 1.7 percent in 2018 due to political instability. (Shutterstock)
August 28th, 2018 - 10:14 GMT

GDP Growth to Drop in 2018 Due to Political Instability in Lebanon

Visual search allows consumers to open any of Landmark’s retail brand apps. (TradeArabia)
August 28th, 2018 - 10:03 GMT

Middle East Retail Brand Launches “Visual Search” Technology


The seven sovereigns rated by S&P Global Ratings have liquid government assets totaling more than 100% of GDP; notably, three are members of the Gulf Cooperation Council. (SG)
August 28th, 2018 - 09:56 GMT

3 GCC Countries With Liquid Assets Over 100% of GDP

Tesla’s shares, already down nearly 10 percent from their level on 7th August, just before Musk tweeted that he had “funding secured” for a buyout at $420 a share, fell 5 percent in trading in Germany to $263.50. (Shutterstock)
August 28th, 2018 - 09:40 GMT

Tesla Shares Plunge After Musk Calls off Private Deal

Aramco is the world's most profitable energy company. With a net income of $33.8 billion in the first half of 2017 before taxes, a considerable amount of the income goes to the government budget, which could change. (AFP)
August 28th, 2018 - 09:34 GMT

With an Indefinite Halt on Its IPO, What's Next for Saudi Aramco?

A large number of women were recently employed in GACA and in service providing companies in technical fields. (Shutterstock)
August 28th, 2018 - 08:54 GMT

5 Saudi Women Can Now Roam the Skies

Mutee’s reported escape triggered public outrage over the summer, amid assertions by the government to bring to justice all involved in the headline-grabbing case. (Shutterstock)
August 28th, 2018 - 08:48 GMT

Interpol Issues Notice Against Jordan's 'Tobacco Man'

Service providers like Careem or Uber have witnessed a rising success in Jordan. (Shutterstock)
August 28th, 2018 - 08:44 GMT

Entrepreneurs' Stand on 'Sharing Economy' in Jordan

The fees for hiring of workers and health insurance will be increased as well, while workers will be mandated to undergo medical tests before entering the country. (Shutterstock)
August 28th, 2018 - 08:37 GMT

No Work Permits for Expats Above 60 in Kuwait

Police reportedly found a suicide note from the second floor flat, which Mr Prakash, his wife Shijina and their two sons Vedjabes and Abhayadev, shared with another Indian family. (Shutterstock)
August 28th, 2018 - 08:05 GMT

23 Expats Committed Suicide in Bahrain in 2018

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