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Shell company building

July 30th, 2026 - 09:20 GMT

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 ...

Telecom Egypt is 80 percent state-owned, with the remainder of its shares listed on the Egyptian and London stock exchanges. (AFP)

August 14th, 2018 - 08:55 GMT

UAE Banks to Lend $500 Million to Telecom Egypt

The technology is most often associated with cryptocurrencies – like bitcoin – which often raise suspicion about their reliability and volatility, as well as their use for criminal purposes. (Shutterstock)

August 14th, 2018 - 08:54 GMT

World Bank to Sell World’s First Blockchain-Based Bonds

Oman recently launched a National Summary Data Page (NSDP), becoming one of the first GCC countries to implement the IMF’s recommendations of e-GDDS. (Shutterstock)

August 14th, 2018 - 08:22 GMT

Oman Leads GCC Countries As It Implements the IMF’s eGDDS Recommendations

Banks' liquidity needs will be provided by the Central Bank of the Republic of Turkey (CBRT), the bank has announced. (Shutterstock)

August 14th, 2018 - 08:17 GMT

Turkey Central Bank Changes Regulations to Support Banks

The Treasury Undersecretariat reported that 1.72 billion Turkish liras in two-year fixed coupon government bonds were sold in an auction. (Shutterstock)

August 14th, 2018 - 07:55 GMT

Turkish Treasury Borrows $470 Million From Domestic Markets

Saudi Arabia has pledged to provide $60 million per month to support power plants in Yemen. (Shutterstock)

August 14th, 2018 - 07:48 GMT

Saudi Arabia Pledges $60 Million per Month to Support Power Plants in Yemen

Iraqi Prime Minister Haider Al-Abadi. (AFP)

August 14th, 2018 - 07:43 GMT

Iraq Will Not Abide With Full Scope of US Sanctions Against Iran

Several analysts have said going-private would make sense for Tesla but expressed skepticism about the company's ability to raise the required funds. (Shutterstock)

August 14th, 2018 - 07:05 GMT

Musk Confirms the Rumors, Saudi Arabia Supports Tesla Buyout

The world’s biggest crude oil exporter might be mulling a stake in the world’s most iconic electric car company. (Shutterstock)

August 13th, 2018 - 11:48 GMT

Could Saudi Arabia be the White Knight Elon Musk Is Looking For?

With a denomination of EUR 10,000 the LUXBURG BANK BOND offers a flexible investment scale for a grand variety of investment purposes. (Shutterstock)

August 13th, 2018 - 10:20 GMT

Luxburg Carolath Holding AG Issues a One Hundred Million Euro Bank Bond Through Bendura Bank, Liechtenstein

The issuance of residence visa depends on the discretion of the DNRD. (Shutterstock)

August 13th, 2018 - 10:16 GMT

The Procedure to Get Residence Visa for Your Parents in UAE

In 2017, exports and re-exports from the United Arab Emirates to Iran totalled $17 billion as most of that products passed through Dubai. (Shutterstock)

August 13th, 2018 - 10:09 GMT

Video: US Sanctions on Iran Affects Its Trade With UAE