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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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An unprecedented diplomatic breakdown between the Nato allies over the case compounded an almost 40% depreciation in the currency this year. (AFP)
October 14th, 2018 - 02:19 GMT

Turkish Bonds and Stocks Gain as US Pastor Is Freed

Iran produces 6,000 types of drugs and 280,000 goods in the field of medical equipment, which are currently available in 255 international markets. (Shutterstock)
October 14th, 2018 - 02:08 GMT

Iran Looks at Health, Medical Exports to Counter US Sanctions

Citizens with regular passports of both countries will be allowed visa-free entry. (Shutterstock)
October 14th, 2018 - 02:01 GMT

AE, Mexico Citizens to Enjoy Visa-Free Travel Agreement

The inspections were carried out as part of the municipality's efforts to stamp out the violation of housing norms in the emirate. (Shutterstock)
October 14th, 2018 - 01:49 GMT

50 Bachelor Accommodations in UAE Left With No Power, Water

He said the sanctions were an opportunity for domestic manufacturers (Shutterstock)
October 11th, 2018 - 07:25 GMT

Iran Prepares for US Sanctions and Builds Its Own Oil Transfer Turbines

Under the traffic laws, driving in foggy conditions without using low or foggy lights are punishable by Dh500 fine and four black points. (Shutterstock)
October 11th, 2018 - 07:18 GMT

Break This Traffic Law in UAE and Get a DH1,000 Fine and 4 Black Points!

On Tuesday, the partially-convertible Indian currency hit a fresh low of 74.395 per dollar. (Shutterstock)
October 11th, 2018 - 07:11 GMT

India's Rupee Is Not Recovering Any Time Soon

Qatar has become one of the leading countries in the Gulf to promote workers’ interests and provide their needs, calling on other Gulf states to follow suit. (Shutterstock)
October 11th, 2018 - 06:37 GMT

Qatar Praised for Leading Gulf Nations in Labour Rights

The move is part of Abu Dhabi Securities Market’s initiatives to adopt the ID card in all its public transactions. (Shutterstock)
October 11th, 2018 - 05:49 GMT

Investors in Abu Dhabi Securities Exchange Will Have Same Emirates ID Number

Saudi Arabia is the biggest investor across the Gulf region with regards to healthcare and educational property fit-outs. (Shutterstock)
October 11th, 2018 - 05:39 GMT

Saudi Biggest Spender on Healthcare Properties in GCC at $3 Billion

Achieving Saudi Arabia’s ambitious Vision 2030 requires consolidation of regulations to attract foreign investment, create new jobs and transfer private sector skills to the public sector. (Shutterstock)
October 11th, 2018 - 05:30 GMT

Experts Urge Saudi to Revamp Regulatory Laws to Attract FDI

Turkey has been pushing for trade in local currencies accusing the U.S. administration of using the dollar as a tool to attack other countries’ economies. (AFP)
October 11th, 2018 - 05:25 GMT

Erdogan Wants Africa to Forsake Dollar and Trade in Local Currencies

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