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BUSINESS

BUSINESS latest

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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Al Bawaba
May 27th, 2014 - 02:55 GMT

The power struggle continues: Erdogan harshly criticizes central bank, asks if "it's kidding"

Al Bawaba
May 27th, 2014 - 02:55 GMT

Always outside its comfort zone: UAE signs open skies agreement with Cuba

“One of the biggest challenges is the issue of the customs,” he said. “I think they have made practical steps in addressing these issues and how to redistribute the custom fees between the GCC countries.”
May 26th, 2014 - 10:24 GMT

Why the GCC countries are serious about economic integration this time around

Al Bawaba
May 26th, 2014 - 10:12 GMT

New convertible Jaguar hits Saudi streets

Al Bawaba
May 26th, 2014 - 09:19 GMT

Jordanian shipping company fined $500,000 for violating US environmental laws

Construction contracts for a new crude oil pipeline between Saudi Arabia and Bahrain are expected to be tendered by the end of the year.
May 26th, 2014 - 08:57 GMT

New Saudi-Bahraini $350 oil pipeline in the making

Al Bawaba
May 26th, 2014 - 08:32 GMT

Narrowing things down: comparing Sisi's and Sabahi's economic platforms

Saeed said the highest level the stock market has witnessed occurred in 2008, when it registered 12,000 points, followed by a slump for five years.
May 26th, 2014 - 07:17 GMT

Election day bonanza raises Egypt's bourse to highest levels since 2008

Al Bawaba
May 26th, 2014 - 11:16 GMT

Emirates’ A380 pulls in thousands at ILA Berlin 2014

Al Bawaba
May 26th, 2014 - 10:31 GMT

Imdaad signs a landmark long-term waste management agreement with Economic Zones World

The bank should leave the currency floating and expose it to the market’s supply and demand, Younes said.
May 26th, 2014 - 10:26 GMT

Great news? Egyptian pound continues to depreciate

Al Bawaba
May 26th, 2014 - 10:12 GMT

Understanding the signs: how UAE banks scheme to have expats fall right into a debt trap

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