Gold iPad at Burj Al Arab
Minimum wage ‘unfair’ for employers?
Taking on Abercrombie & Fitch
Fake pilot ‘on the run’
“Your customers aren’t fools”
Behind the curtain of Simone Heng
Chatting with the man behind Dubai City Pass
A business discussion with the author of ‘Connect The Dots’
Shell and BP post strong first quarter net profits on rising oil prices
Rising oil prices paved the way for first quarter net profits of nearly $5 billion for Shell oil, up nearly half over the first quarter of last year.
April 29, 2010 9:24 by Katherine Azmeh
Citing higher oil prices and a more robust business climate, Shell boosted net profits for the first quarter of 2010 around $3.7 billion over the last quarter of 2009, the BBC reported Thursday.
And oil giant BP posted strong first quarter numbers, as well, reporting replacement cost profits of $5.6 billion, versus $2.4 billion in the year earlier period, the BBC reported.
Average oil price for the first quarter 2010 is $76 per barrel, compared with $41 a barrel one year ago.
More on GCC
-
WHO to investigate coronavirus before Haj
-
Majid Al Futtaim eyes major investments
-
Dubai ruler makes horse doping illegal
-
CEO-elect of UAE’s fraud-hit RAKBANK has quit
-
Saudi Arabia confirms another death from SARS-like virus
-
Prepaid cards available across the UAE
-
Bahrain’s Batelco CEO leaves with immediate effect
-
Arabtec Says Workers End Strike
-
First report by Etisalat covering global footprint
-
Kuwaiti Oil Service Workers On Strike Over Pay – Union
-
Qatar’s Doha Bank May Sell Bonds To Raise Capital – CEO
-
Qatar to announce new energy infrastructure fund
-
Qatar Holding, Italy Fund Eying Versace – Paper
-
Saudi government websites targeted
-
NCoV – First report of patient-to-nurse spread
-
Saudi regulations target stock market speculators
-
Dubai’s Arqaam Capital Eyes South Africa, Saudi Expansion
-
U.S. Targets Two UAE Firms For Dealing With Blacklisted Iran Banks
-
Airbus officially picked by Kuwait Airways
-
GMR reveals top 50 Mena Corporate Brands
