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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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A large trade delegation from TRNC is expected to visit Qatar in the near future to establish trade ties with their counterparts in Doha, the envoy said. (Shutterstock)
August 6th, 2018 - 09:09 GMT

North Cyprus Mulls Over Establishing Trade Ties With Qatar

In a statement to the press, the Central Bank of Kuwait “assures that all the figures contained in that report are altogether incorrect." (Shutterstock)
August 6th, 2018 - 09:03 GMT

Central Bank of Kuwait Denies Expats Bad Debts Report


As part of the campaign, in which 19 ministries and government departments are participating, 385,499 of the detainees were deported to their respective home countries during the period. (Pixabay)
August 6th, 2018 - 08:57 GMT

Saudi Arabia Deports More Than 385,000 Expats in 9 Months

The UAE is ranked amongst the top countries in terms of mobile penetration and easy access to internet, which further enhances the country’s potential for embracing digital banking services. (Shutterstock)
August 6th, 2018 - 07:38 GMT

4 Areas Commercial Banks Need to Digitize

The move follows vigorous calls by Canada for the immediate release of human rights activists swept up in a new wave of detentions. (Pixabay)
August 6th, 2018 - 07:13 GMT

Saudi Arabia Freezes All Business Ties With Canada

The first half of 2018 recorded 141 investments, a 12 per cent increase over the corresponding period. (Pixabay)
August 5th, 2018 - 11:55 GMT

Startups in UAE Dominate MENA Region

Garanti Bank sold $250 million worth of loans to Chinese and American banks and Halkbank is also in talks to sell loans. (Pixabay)
August 5th, 2018 - 11:46 GMT

Turkish Banks Free up Cash Through Foreign Lenders

Saudi Arabia is selecting finalists from five countries — the US, China, Russia, France and South Korea. (Shutterstock)
August 5th, 2018 - 11:14 GMT

Saudi Arabia Paves Its Path to Nuclear Power

UAE has improved its global ranking in Sustainable Economic Development Assessment index. (Shutterstock)
August 5th, 2018 - 11:03 GMT

The Reasons Behind Residents' Happiness in UAE

After posting Tuesday strong earnings and revenue for the April-May period this year, Apple shares gained 5.9 percent Wednesday on the New York Stock Exchange. (Pixabay)
August 5th, 2018 - 10:18 GMT

4 Milestones in Apple's Journey to $1 Trillion Market Value

The UAE and Saudi Arabia implemented 5 per cent VAT on a number of goods and services - including entertainment - from January 1, 2018. (Shutterstock)
August 5th, 2018 - 09:34 GMT

New Announcement by Federal Tax Authority in UAE

Jordanian Foreign Minister Ayman Safadi with French Minister of Europe and Foreign Affairs Jean-Yves Le Drian. (KUNA)
August 5th, 2018 - 09:29 GMT

France to Loan €1 Billion to Jordan

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