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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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Such virtual or cryptocurrencies that are traded through the internet, like Bitcoin and similar virtual currencies, are not approved in the Kingdom. (Shutterstock)
August 13th, 2018 - 06:49 GMT

Trading With Cryptocurrencies Not Allowed in Saudi Arabia

Performance levels remained low due to pressure from increased supply. (Shutterstock)
August 12th, 2018 - 08:20 GMT

Dubai Hotel Room Rates Decreases Due to Increase in Supply

Cryptocurrency market expected to decline further; optimism at a toned-down level. (Pixabay)
August 12th, 2018 - 08:14 GMT

Will Cryptocurrencies Keep Falling?

The surge in international oil prices helped Oman recover some portion of its nominal GDP that was lost during the contractionary period. (Shutterstock)
August 12th, 2018 - 08:02 GMT

Report: Oman Reduces Dependence on Oil to Boost Economy

Future research will combine expertise and resources to investigate handling disputes arising out of private and public blockchains. (Shutterstock)
August 12th, 2018 - 07:51 GMT

World First Blockchain Court to Be Created in Dubai

There has been a 14 per cent increase in online hiring across the UAE. (Shutterstock)
August 12th, 2018 - 07:32 GMT

Significant Job Growth Witnessed in H1'18 in UAE

Turkey exported more than 10,000 tons of ice cream to 38 countries and 3 free trade zones in four continents. (AA)
August 12th, 2018 - 07:26 GMT

Turkey Earns More Than $20 Million in Edible Ice Exports in H1'18

Turkey is facing a deepening economic crisis, as the Lira fell sharply by about 22% in Friday’s early morning trading. (Shutterstock)
August 12th, 2018 - 07:11 GMT

The Plunge of the Turkish Lira and How It Affects the Egyptian Economy

Visa Reforms to Be Implemented in Kuwait. (Shutterstock)
August 12th, 2018 - 07:06 GMT

Visa Reforms to Be Implemented in Kuwait

British tour operators expecting an 80% increase in British tourism to Egypt by the end of this year. (Shutterstock)
August 12th, 2018 - 06:56 GMT

Projection: Egypt to Witness 80 Percent Increase in British Tourists by End of Year

mawdoo3.com, under its 2018-2019 action plan, intends to recruit 200 new employees. (mawdoo3.com)
August 12th, 2018 - 06:45 GMT

200 Employees Needed at Jordan's Largest Arabic Content Site

The plan to eliminate expatriate workers could not be implemented one time. (Shutterstock)
August 12th, 2018 - 06:29 GMT

Kuwaitization: 8,000 Kuwaitis to Replace Expats in 2018

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