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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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The erosion of surpluses has prompted calls to restrain the government spending that has powered the Gulf’s economic boom over the past two decades.
May 8th, 2014 - 02:53 GMT

GCC fiscal surpluses: about to take the plunge?

It is targeting global players in high-margin sectors such as oil and gas, power plants, infrastructure, and facility management of huge industrial plants, he said.
May 8th, 2014 - 02:42 GMT

Thank you oil prices? Arabtec profits 'more than double'

Al Bawaba
May 8th, 2014 - 02:18 GMT

Netanyahu included? Israel to punish citizens who hide their money in the US by seizing 50% of concealed funds

At the end of 2013, the fast expanding emirate saw total housing stock reaching 232,000 units, says Colliers International, a leading property advisory firm.
May 8th, 2014 - 02:04 GMT

It runs in the 'family': an impending housing bubble in Abu Dhabi?

Al Bawaba
May 8th, 2014 - 09:31 GMT

NBAD celebrates professional development achievers

Al Bawaba
May 8th, 2014 - 08:36 GMT

Turkish Airlines highlights ‘TourIstanbul’ service for international passengers at Arabian Travel Market 2014

Al Bawaba
May 8th, 2014 - 08:28 GMT

Huawei Ascend P7 redefines excellence to give people an edge

Al Bawaba
May 8th, 2014 - 08:18 GMT

Trend Micro launches Worry-Free 9.0 to enhance security for small businesses

Al Bawaba
May 8th, 2014 - 08:07 GMT

Samsung launches hunt for UAE’s Best Aspiring Chef

Caetano Fernandes, Senior Vice President  & Head of Mashreq Gold
May 8th, 2014 - 07:33 GMT

Mashreq offers new Mortgage Plan

Al Bawaba
May 8th, 2014 - 07:22 GMT

IKEA participates in Abu Dhabi International Book Fair

Al Bawaba
May 8th, 2014 - 07:05 GMT

Fantastic offer on Honda Accord all this month

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