BUSINESS | Al Bawaba

BUSINESS latest

Shell company building

July 30th, 2026 - 09:20 GMT

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 ...

Al Bawaba

May 8th, 2014 - 05:46 GMT

Etisalat expects to close the acquisition of Vivendi’s 53% shareholding in Maroc Telecom on 14 May 2014

Al Bawaba

May 8th, 2014 - 04:58 GMT

Qatar Airways buoyant at Arabian Travel Market with us-themed entertainment thrilling visitors

Tenants have said that the law would displace thousands of families who rent in Beirut under an old law that governs lease contracts enacted before 1993.

May 8th, 2014 - 04:28 GMT

Landlord efforts go down the drain in Lebanon: After passing through parliament, Suleiman refuses to sign new rent law

Asked when Oman was going to decide on potential changes to subsidy levels, Balushi said: “It’s an exercise that is going on, it could be this year, it could be next year.”

May 8th, 2014 - 04:20 GMT

Tick tock: Oman is on the verge of lifting subsidies

Leaders of the six-nation GCC have set January 1 to implement the customs union, first launched in 2003 and delayed on several occasions to resolve hurdles.

May 8th, 2014 - 04:13 GMT

It's the thought that counts? GCC customs union set for Jan.1st

Egypt is currently trying to reduce a budget deficit which hit 14 percent in the 2012-2013 fiscal year, bringing it down to 11-12 percent by the end of the current fiscal year.

May 8th, 2014 - 03:58 GMT

Going after the 1%? Egypt's cabinet approves 'exceptional' tax hike on the rich

Egypt has obtained billions of dollars in loans from other Gulf Arab states in recent months. Some of that money has been used to help Cairo fund energy costs.

May 8th, 2014 - 03:49 GMT

Desperate to avoid more blackouts: Egypt is soliciting $2.5 billion to cover gas imports

Al Bawaba

May 8th, 2014 - 12:51 GMT

Investigation attempts to shed light on alleged financial anomalies at AUB

KIPCO’s first-quarter revenue rose 19 per cent to 137 million dinars.

May 7th, 2014 - 11:59 GMT

Keeping up with KIPCO: the investment giant posts 20% profits

Out of the total, 14,438 transactions were in Amman alone, accounting for 42 per cent, and 19,560 transactions were in other governorates, accounting for 58 per cent.

May 7th, 2014 - 11:54 GMT

Real estate sector in Jordan gaining unstoppable momentum

In March 2014 alone, foreigners bought 478 properties in Istanbul, out of a nationwide total of 1,362, according to the Turkish Statistical Institute.

May 7th, 2014 - 11:35 GMT

Why Gulf investors hold the key to future growth in Istanbul

“The cultural and historical background of the two nations indicate the close friendship between Iran and China, therefore, media collaboration in all technical and production fields can be developed,” Musavi said.

May 7th, 2014 - 08:47 GMT

A common censorship agenda? Iran and China to expand media relations