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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 dispute is delaying publication of an oil and gas exploration tender for Lebanon's Block 9, which could have more than seven trillion cubic feet of natural gas.
April 26th, 2014 - 01:17 GMT

Forget Hezbollah: Israel, Lebanon hit deadlock over offshore gas explorations

Congress passed a bill in January allocating $1.3bn in military aid to Egypt under certain conditions
April 26th, 2014 - 01:02 GMT

Is US military aid to Egypt about to resume?

Al Bawaba
April 24th, 2014 - 04:21 GMT

Is it time to give the UAE's small and medium businesses the attention they deserve?

Al Bawaba
April 24th, 2014 - 03:50 GMT

Saudi Arabia to build world's biggest desal plant

The two luxury four and five star hotels will offer over 1,000 rooms (Shutterstock)
April 24th, 2014 - 03:36 GMT

Two luxury hotels scheduled to open in Oman by 2017

Al Bawaba
April 24th, 2014 - 03:16 GMT

Whatever floats your boat: GCC luxury cruises to make a comeback

Al Bawaba
April 24th, 2014 - 02:56 GMT

Big like. Etihad unveils new social media campaign

Al Bawaba
April 24th, 2014 - 02:39 GMT

What is the solution to affordable housing in Dubai? Creating a middle ground might be the answer

The World Bank warned that Lebanon may not have the capacity to cope with the influx of Syrian refugees (File/AFP)
April 24th, 2014 - 02:20 GMT

Lebanon’s economy not out of the deep end yet, World Bank says

Al Bawaba
April 24th, 2014 - 01:59 GMT

India to pay Iran $1.65 billion in landmark oil deal

Cairo no longer wields the same leverage it once did when upriver sub-Saharan countries were too poor to build such huge projects themselves.
April 24th, 2014 - 01:21 GMT

Damned or courageous? An inside look into Ethiopia's decision to thwart Egypt and build the Nile dam all by itself

Al Bawaba
April 24th, 2014 - 11:05 GMT

Earn Double Etihad Guest Miles with South African Airways

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