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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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In regards to debt instruments, the minister explained that Egypt is facing challenges, in terms of high interest rates, foreigners’ liquidation and market exit, whether in government financial instruments or the stock market. (Shutterstock)
October 3rd, 2018 - 07:14 GMT

Egypt Sets 4-Year Limit to Reduce Public Debt to 70 Percent

KIF 2018 announced a series of projects across diverse sectors of the economy from infrastructure development, renewable energy, to the digital transformation initiatives of the country. (Shutterstock)
October 3rd, 2018 - 07:00 GMT

Kuwait Is Ready for Your Investments; Here's How

In order to implement these energy programs and projects, the Kingdom attaches great importance to the issue of encouraging investment in the energy sector in general and in the renewable energy sector in particular. (Shutterstock)
October 3rd, 2018 - 06:59 GMT

Morocco Vows to Invest Over $ 40 Billion in Energy Sector by 2030

GCC banks have now recognized most of the impact of the softer economic cycle on their asset quality. (Shutterstock)
October 3rd, 2018 - 06:55 GMT

Report: GCC Banks to Stay Strong Next Year, but With Conditions

Development will continue, but technology will drive its progress, is the message the city wants to convey to investors and expats. (Shutterstock)
October 3rd, 2018 - 04:09 GMT

Opinion: Dubai Still Has Space to Grow

Muscat, the capital, recorded the highest number of arrests with 380 followed by A'Dakhiliyah governorate with 60. During the same week, 386 violating labourers were deported. (Shutterstock)
October 3rd, 2018 - 03:50 GMT

Oman Cracks Down on Expats With 600 Arrests in a Week

The Kingdom plans to build two large nuclear power reactors as part of a program to deliver up to 16 nuclear power plants over the next 20 to 25 years at a cost of more than US$80 billion. (Shutterstock)
October 3rd, 2018 - 03:40 GMT

Opinion: Saudi Should Go Nuclear

The Kingdom of Saudi Arabia affirms its continued support for the Yemeni government to restore Yemen's security and stability and enable it to carry out its duties. (AFP)
October 2nd, 2018 - 09:19 GMT

Saudi Grants $200 Million to Central Bank of Yemen

The war on corruption should not be selective. (Shutterstock)
October 2nd, 2018 - 08:15 GMT

In Tunis, Fight Against Corruption 'Is Selective'. INLUCC Is Trying to Change That.

The GDP growth projection has been revised after the expectations to form a Cabinet soon faded. (Shutterstock)
October 2nd, 2018 - 07:32 GMT

With No Government in Sight, Lebanon’s GDP Spirals Down

Selling oil to India under a rupee-rial agreement has not been finalized. (Shutterstock)
October 2nd, 2018 - 07:24 GMT

Iran Will Not Reduce Its Oil Output, Still Optimistic on India

Saudi Arabia has denied being behind the illegal broadcasts. (Shutterstock)
October 2nd, 2018 - 07:16 GMT

Pirating BeIN Sports Broadcast Could Cost Saudi $1 Billion

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