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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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Qatar stocks led losses across the Gulf on Sunday as the Turkish currency crisis unsettled investors. (AFP)
August 13th, 2018 - 09:51 GMT

Qatar Shares Slump Due to Turkey’s Currency Plummet

The growth of overall employment in the private sector decelerated to 1.2 per cent in 2017 from an average of 8.5 per cent in the previous two years. (Shutterstock)
August 13th, 2018 - 08:54 GMT

Report: Omani Employment Increases 7 Percent in Private Sector

Firms not complying with the provisions of the labour law will be suspended from accessing ministry services for a year. (Times of Oman)
August 13th, 2018 - 08:28 GMT

New Regulations to Protect Expat Workers' Rights in Oman

Middle Eastern carriers posted an 11.0% demand increase in June compared to the same month last year. (Shutterstock)
August 13th, 2018 - 08:11 GMT

IATA: 7.8 Percent Increase in Demand in 2018

The UAE's new reforms will be focused on professions and industries that meet the country's strategic needs. (Shutterstock)
August 13th, 2018 - 08:00 GMT

These Professions Are Eligible for the 10-Year Visa in UAE

Turkey's President Recep Tayyip Erdoga. (AFP)
August 13th, 2018 - 07:48 GMT

Erdogan: Turkey to Turn to New Markets in Response to Trump's Threats

Businesswoman Shaikha Noora bint Khalifa Al Khalifa says she has been reporting more than 20 fake accounts on Facebook and Instagram every day. (Twitter)
August 13th, 2018 - 07:41 GMT

350 Royal Con Scheme Social Media Accounts Shut Down in Bahrain

The use of credit cards issued by Jordanian banks has risen by 24 per cent. (Shutterstock)
August 13th, 2018 - 07:31 GMT

E-Payments Increases 26 Percent in Jordan

Turkey Finance Minister, Berat Albayrak. (AFP)
August 13th, 2018 - 07:24 GMT

New Plan to Rescue Turkey's Deteriorating Economy

Bitcoin recovered after suffering about 10% of losses last week. (Shutterstock)
August 13th, 2018 - 07:16 GMT

Bitcoin Recovers Today While Other Cryptocurrencies Slip

The UAE's economic outlook will be driven by the oil price and changes in fiscal policy. (Shutterstock)
August 13th, 2018 - 07:04 GMT

Report: GCC Enjoys a Fiscal Windfall From the Recovery in Oil Prices

Dubai ranked as the 'Most Innovative City' in the region. (Shutterstock)
August 13th, 2018 - 06:56 GMT

Report: Dubai 'Most Innovative City' in Middle East

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