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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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Stressing that the Kingdom was no longer in the economic danger zone, he mentioned that foreign currency reserves went up from $6.6 billion in 2012 to around $12 billion at the end of last year and that the remittances of expatriates have gone up noticeably.
April 29th, 2014 - 12:13 GMT

Jordan's Prime minister says Kingdom 'no longer in economic danger zone'

Saudis need to work on diversifying their economy into non-oil sectors in order to continue competing in the global economy in the future (File Archive/Shutterstock)
April 28th, 2014 - 01:00 GMT

Consider this: What Saudis need to address to remain economically competitive in the future

Dubai is now being compared to London's and Paris' women apparel market (File Archive)
April 28th, 2014 - 01:00 GMT

Salut Paris! Dubai is leading the way in fast-growing women apparel market

Jordan's public debt is now 80 percent of the country's GDP (File Archive/Shutterstock)
April 28th, 2014 - 11:00 GMT

Privatising Jordan's economy: Too much of a good (or bad) thing?

The new green loan is designed to encourage more firms to pursue energy efficient development in the UAE (File Archive/Shutterstock)
April 28th, 2014 - 11:00 GMT

UAE launches first regional "Green Loan"

Al Bawaba
April 28th, 2014 - 10:54 GMT

Parsing Arab Spring offers second thoughts on the popular term

Etisalat is acquiring a 53 percent stake in Maroc Telecom (File Archive)
April 28th, 2014 - 10:00 GMT

Top UAE Telecom signs multi-currency deal to fund Maroc Telecom acquisition

Abu Dhabi University
April 28th, 2014 - 09:57 GMT

Abu Dhabi University’s 2nd Annual “UAE Undergraduate Student Research Competition” attracts 515 students from across the UAE

Al Bawaba
April 28th, 2014 - 09:38 GMT

RAK Properties achieves AED 42 million net profit for Q1 2014

Al Bawaba
April 28th, 2014 - 09:27 GMT

Charity dinner for the benefit of public kindergartens in Aqaba

Al Bawaba
April 28th, 2014 - 09:11 GMT

Royal Jordanian preparing to receive first Boeing 787 in August

Al Bawaba
April 28th, 2014 - 09:00 GMT

We don't need no education: Are MENA schools the root of region's entrepreneurship woes?

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