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US President Donald Trump displays the GENIUS Act
January 16th, 2026 - 04:33 GMT
Osama Ali

Osama Ali

Who controls Venezuela's oil now? The $500 Million sale after Maduro’s arrest

ALBAWABA — The U.S. has completed its inaugural sale of Venezuelan crude oil since taking control of the nation's oil industry, a U.S. official confirmed, following the arrest of President Nicolás Maduro. The official, who requested anonymity when speaking to AFP, stated the deal was worth $500 million. The identity of the buyer remains undisclosed, and U.S. officials hinted that more oil sales might occur in the near future. Trump ...
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Iranian officials have downplayed the impacts of the US sanctions against the country. (Shutterstock)
October 18th, 2018 - 09:05 GMT

Iran Furious Over New US Sanctions

The Italian official made the remarks in a visit to Iranian Northern Province of Mazandaran, calling for provision of necessary grounds to expand mutual cooperation. (Shutterstock)
October 18th, 2018 - 09:00 GMT

Iran, Italy to Find Common Economic Grounds

Many prominent company leaders have said they will not attend the FII, which is scheduled to start in Riyadh next week. (Shutterstock)
October 18th, 2018 - 08:42 GMT

BlackRock Not Parting Ways With Saudi Despite FII Absence

The Middle East cinema market is doing very well. (Shutterstock)
October 18th, 2018 - 08:31 GMT

First MENA Cinema Forum to Highlight Investment Opportunities in Region

The ministry has been keen on following up the case in the context of not allowing irregularities that contradict its laws. (Shutterstock)
October 18th, 2018 - 08:24 GMT

Kuwait Bans Gender Mixing in Sports Clubs and Health Institutes

The campaign resulted in the arrest of a Kuwaiti and 14 transvestites – 11 Filipinos, 2 Thais and an Egyptian. (Shutterstock)
October 18th, 2018 - 06:13 GMT

Kuwait Shuts Down Massage Parlors, Deports 14 Transvestites, Citing "Immoral Acts"

Constant talks are underway between the Islamic Republic and the Russian Federation to find the best approaches to reach common standards. (Shutterstock)
October 18th, 2018 - 05:56 GMT

Iran, Russia Build on Common Economic Interests to Counter US Sanctions

According to the decree published on the Official Gazette, a total of eight energy companies will make these investments. (Shutterstock)
October 18th, 2018 - 05:50 GMT

Turkey to Pump $1.5 Billion in Energy Investments in 2019

The World Economic Forum’s annual study on the global economy showed that Qatar has improved its rank by two places from last year’s 32nd place out of 135 countries. (Shutterstock)
October 18th, 2018 - 05:41 GMT

Qatar Is 2nd Most Competitive Economy in Arab World

Finding high-quality and engaging content which drives business results does not have to be difficult (Shutterstock)
October 17th, 2018 - 07:55 GMT

How a Content Marketplace Can Benefit Brands

A number of Western businesses and media outlets are backing out of Saudi projects until Riyadh explains the disappearance of journalist Jamal Khashoggi. (AFP)
October 17th, 2018 - 07:22 GMT

Hollywood Is Having Second Thoughts on Saudi as Khashoggi Case Unravels

Oman Nano City Project is expected to be launched by 2023. (Shutterstock)
October 17th, 2018 - 07:09 GMT

Iran to Usher Oman Into Nanotechnology

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