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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 US oil drilling rig count fell for a third consecutive week, as rising costs and pipeline bottlenecks have hindered new drilling since June. (Shutterstock)
October 9th, 2018 - 05:57 GMT

US Contemplates Waivers on Iran Crude Sanctions, but There Is a Catch

India, the world’s third-biggest oil importer, will buy nine million barrels of Iranian oil in November. (Shutterstock)
October 9th, 2018 - 05:54 GMT

India Confirms 9 Million Oil Barrels Shipment of Iranian Oil in November

The two sides stressed cooperation in technology transfer and exchanging the know-how in the field, as well as the possibility of investment by Omani companies in the Islamic Republic’s upstream oil and gas sector. (Shutterstock)
October 9th, 2018 - 05:53 GMT

Iran, Oman to Boost Energy Ties

The Iranian president says the US will never be able to stop Iran's oil exports. (AFP/File)
October 9th, 2018 - 05:48 GMT

Report: Washington Pressures Trump to Keep Iran Financial Access

Legislation and Opinion Bureau President Nofan Ajarmeh said that the bill did not criminalise any new actions, but it criminalised some deeds that are perpetrated through technological means that do not accord with the values and morals of the society. (Shutterstock)
October 9th, 2018 - 05:47 GMT

Jordan's New Cybercrime Law: A Hate Speech Monitor or a Press Muzzle?

The ministry also announced the continuation of its joint labour inspection campaigns in all industrial, commercial, service and agricultural establishments across the Kingdom. (Shutterstock)
October 9th, 2018 - 05:38 GMT

Jordan to Intensify Crackdown on Illegal Migrant Workers

"At the beginning of the blockade, Qatar Airways predicted huge loss of over $1 billion, but we worked hard to exploit opportunities on new routes and the company's financial loss amounted to only $69 million," Qatar Airways Group CEO Akbar al Baker said. (AFP)
October 9th, 2018 - 05:28 GMT

Qatar Airways to Reach 250 Destination by 2020 Despite Blockade

The unemployment is now over 50 percent – and over 70 percent among Gaza's youth. (Shutterstock)
October 9th, 2018 - 05:19 GMT

Unemployment in Gaza Reaches 50 Percent

Erdogan added Turkey is “far from needing” a loan or technical assistance from the IMF. (Shutterstock)
October 9th, 2018 - 05:08 GMT

Turkey Rules out Any Assistance From IMF

The prince said the figure he’s watching is the share of wages in the budget. He said it’s down from 50 per cent in 2015 to 42 per cent today, and “in 2020, I believe it will be below 40 per cent.” (Shutterstock)
October 9th, 2018 - 05:02 GMT

Rising Unemployment and Decreasing Foreign Investment Are Not Deterring Bin Salman

The challenges that Turkey faces will require a comprehensive policy package comprising monetary, fiscal, quasi-fiscal, and financial sector policies. (Shutterstock)
October 9th, 2018 - 04:55 GMT

IMF Urges Turkey to Take Drastic Measures to Fix Economy

The Opec Fund for International Development (OFID) is financing energy projects worth $1.6 billion in Arab countries. (Shutterstock)
October 8th, 2018 - 07:05 GMT

OFID to Pump $1.6 Billion Into Energy Investments in Arab Region

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