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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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The investment bank was alluding to the Central Bank’s 2016 financial engineering which helped BDL draw more dollars to beef up its foreign currency reserves. (AFP)
October 16th, 2018 - 08:00 GMT

Goldman Sachs Hopes BDL Will Help Lebanon Avoid a Financial Crisis

The program for a high-profile gathering of global leaders, business chiefs and innovators in Riyadh next week. (Shutterstock)
October 16th, 2018 - 07:41 GMT

‘Davos in the Desert’ Attracts 150 Global Influencers to Riyadh

If Saudi Arabia does use its crude resources to hit back, it would be a break from its decades-old policy of putting petroleum above politics. (Shutterstock)
October 16th, 2018 - 07:33 GMT

Saudi Arabia Will Mix Oil With Politics If Threatened Over Khashoggi Case

Mubadala said it would consider reviving the IPO. (AFP)
October 16th, 2018 - 07:20 GMT

Abu Dhabi Cancels Cepsa's IPO as Investors Recoil

Masayoshi Son has already paid a price for his close ties to Saudi Arabia. It could soon go much higher. (AFP)
October 16th, 2018 - 07:12 GMT

How the Khashoggi Case Is Costing Softbank's Son 19 Percent of Stocks Losses

Prices jumped so fast that the $85 barrier was broken, with expectations that it would reach $90. (Shutterstock)
October 16th, 2018 - 06:37 GMT

Opinion: Oil Prices Will Continue to Rise, and Here's Why

Automobile spare parts market is one of the lucrative trade areas in the Kingdom. (Shutterstock)
October 16th, 2018 - 06:32 GMT

Automobile Sector Jobs Finds Favour With Young Saudis

The UAE has the youngest population in the GCC with 50 per cent under 20 years old. (Shutterstock)
October 16th, 2018 - 06:26 GMT

Jobs for Locals Top Priority on GCC Strategy

On Thursday, the port had decided to "suspend all operations" due to the development of the tropical storm. (AFP)
October 15th, 2018 - 08:54 GMT

Salalah Port Resumes Operations as Storm Luban Weakens

The Tadawul All-Shares Index (TASI) quickly lost more than 500 points on the first trading day of the week. (AFP)
October 15th, 2018 - 08:47 GMT

Saudi Stocks in the Red After Trump Warnings Over Khashoggi Case

Jordan’s efforts to enhance trade with Palestine faces obstacles by Israeli occupation authorities attempting to keep the Palestinian market under Israeli control. (Shutterstock)
October 15th, 2018 - 08:43 GMT

Israel Obstructs Efforts of Jordan, Palestine Trade

Egypt raised 2 billion euro in bonds in April. (Shutterstock)
October 15th, 2018 - 08:33 GMT

Egypt Looks to Asia as It Undergoes Debt Restructuring

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