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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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Iranian protesters shout slogans during a demonstration in central Tehran on June 25, 2018. (AFP)
August 5th, 2018 - 08:37 GMT

Protests Continue in Iran Due to Fear of New Sanctions

Saudi Arabia has restarted shipping through the Bab al-Mandab strait off the coast of Yemen, following its week-long closure after a Houthi attack. (Shutterstock)
August 5th, 2018 - 08:29 GMT

Saudi Arabia Resumes Oil Shipments Through Red Sea

The report has also projected that Qatar's current account balance would account for 7.5 percent of the total GDP. (Shutterstock)
August 5th, 2018 - 08:22 GMT

Report: Qatar GDP to Reach $75,063 in 2022

The Labour Ministry said Wednesday that around 180,000 Jordanians visited the website in the first 30 minutes after it was launched. (Shutterstock)
August 5th, 2018 - 08:15 GMT

More Than 100,000 Jordanians Compete for 10,000 Jobs in Qatar

Alwaleed Bin Talal. (Reuters)
August 4th, 2018 - 09:06 GMT

First Deal After Detention: Saudi Prince Invests SAR1 Billion Into Deezer

The UAE has 46 commercial banks for 9.5mn people, while Saudi Arabia has 12 local lenders and 14 foreign-bank branches for 33.6mn people, according to central bank data and information from Worldometers. (Shutterstock)
August 2nd, 2018 - 11:34 GMT

The Reasons Behind GCC Banks Mergers

Lebanese economy is "not doing great. (Shutterstock)
August 2nd, 2018 - 11:34 GMT

Lebanon to Lose Projects Due to Fragile Economy

About $12.1 billion worth of projects are planned or under way in the oil and gas project market. (Pixabay)
August 2nd, 2018 - 11:28 GMT

Report: Qatar to Award $85 Billion Construction Projects

The company’s net profit in the first half of 2018 increased by 20 per cent to Dh225.7 million, compared to Dh188.7 million for the same period of 2017. (AFP)
August 2nd, 2018 - 11:25 GMT

Aramex Net Profit Soars to $33.2 Million in Q2'18

A new report predicts that regional economies will have weaned themselves off oil by 2050. (Shutterstock)
August 2nd, 2018 - 11:20 GMT

Study: GCC to Break Free From Hydrocarbons by 2050

Ehsan Khoman, Head of Research and Strategist for MENA at MUFG (CPI Financial)
August 2nd, 2018 - 11:13 GMT

Changes to Be Witnessed in the Middle East's Economy

Ten years on, and the latest BRICS summit this week has hardly merited a headline in the international media, though of course the journalists of the five states involved have given the three-day event in Johannesburg dutiful attention. (AFP)
August 2nd, 2018 - 11:05 GMT

Is It the end of the BRICs?

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