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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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Google executives have admitted that they are considering the possibility of relaunching their search engine in China after an almost decade-long absence from the country. (Shutterstock)
August 19th, 2018 - 09:16 GMT

After Decade-Long Absence, Google Mulls Relaunching in China

The GCC industrial and building automation market is projected to be worth $10.3 billion in 2023. (Shutterstock)
August 19th, 2018 - 09:10 GMT

GCC Automation Market to Exceed $10 Billion by 2023

The country will stand strong against an "attempted economic coup" amid heightened tensions with the United States. (Shutterstock)
August 19th, 2018 - 08:56 GMT

Turkey to Stand Strong Against the 'Economic Coup'

80 percent of the real estate properties in Kuwait are occupied. (Shutterstock)
August 19th, 2018 - 08:47 GMT

The Effects of Expats’ Departure on Real Estate Market in Kuwait

The sources pointed the fees for health services collected in cash from April 1 to July 31, was KD 1.352 million. (Shutterstock)
August 19th, 2018 - 08:34 GMT

Expats Pay KD41 Million as Health Fees in Kuwait

The deportation of workers came as a result of over 56,000 labour inspection visits aimed at ascertaining the extent to which employers commit to the Labour Law. (AFP)
August 19th, 2018 - 08:16 GMT

Almost 5,000 Expat Workers Deported From Jordan in 2018

"The US dollar - and consequently the dirham - has strengthened against the emerging market currencies this year and this does help in reducing the import prices. (Shutterstock)
August 19th, 2018 - 07:48 GMT

UAE Dirham Stands Strong Against Emerging Market Currencies

ConsenSys has launched a 12-week Ethereum blockchain developer programme in support of One Million Arab Coders. (Shutterstock)
August 16th, 2018 - 10:17 GMT

One Million Arab Coders Initiative Offers Blockchain Training in UAE

Blockchain technology can be used to build trust in Waqf management and to ensure accountability. (Shutterstock)
August 16th, 2018 - 10:07 GMT

Waqfcoin: Crowdfunding Platform Uses Blockchain to Serve Humanity

Al-Majid Motors has started a recall campaign on 3,239 Kia Carnivals produced between 2005 to 2014. (Shutterstock)
August 16th, 2018 - 09:57 GMT

Kia Recalls More Than 3,000 Cars in UAE

The Turkish lira lost about 20 percent of its value against the US dollar. (Shutterstock)
August 16th, 2018 - 09:03 GMT

Interest Rates to Remain Unchanged in Egypt Despite Turkish Lira Crisis

A total of 2.875 million Egyptians were unemployed in the second quarter of 2018. (Shutterstock)
August 16th, 2018 - 08:53 GMT

Unemployment Rate Drops to 9.9 Percent in Egypt

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