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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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Qatar’s Office at the World Trade Organisation (WTO) in Geneva submitted a request for formal consultations, including Saudi Arabia’s violations against Qatar. (Shutterstock)
October 2nd, 2018 - 06:44 GMT

Qatar Files New Disputes Against Saudi Before WTO

In the statement, al-Jaida further said that Islamic banks in Qatar have encompassed the largest segment of the Islamic finance market, launching ambitious expansion plans abroad in recent years. (Shutterstock)
October 2nd, 2018 - 05:38 GMT

Qatar Looks East to Boost Islamic Finance

Autonomous vehicles or AVs should happen soon because over the next five years, around 100,000 new parking spaces are required for existing and new malls in Dubai, according to Andy Stevenson, Future Mobility Director at Mott MacDonald. (Shutterstock)
October 2nd, 2018 - 05:29 GMT

How Will Autonomous Parking Save Dubai $1 Billion?

With oil production and government spending set to rise, overall growth is projected to strengthen to 2.9 per cent this year and 3.7 per cent next year. (Shutterstock)
October 2nd, 2018 - 05:22 GMT

IMF Optimistic Over UAE's Growth Outlook Citing High Oil Prices

The public debt law has been long-delayed and the ministry has been working on it for years. (Shutterstock)
October 2nd, 2018 - 05:16 GMT

UAE Public Debt Law Delayed. Again.

Against the UAE dirham, the rupee was trading at 20.05 at 6:40am (UAE time) (Shutterstock)
October 2nd, 2018 - 05:09 GMT

Rupee Lowest at 20.05 Against UAE Dirham

Cutting edge technology and innovation will be adopted as the official show theme for Arabian Travel Market (ATM) 2019. (Shutterstock)
October 1st, 2018 - 07:23 GMT

ATM to Showcase How AI and Automation Can Increase Hotel Revenues by 10 Percent

The sectors closed mostly in the red turf. (AFP)
October 1st, 2018 - 07:08 GMT

Kuwait Stocks in the Red Zone

First penalty will be Dh500, whereas the second and third penalties will be Dh1,000 and Dh2,000, respectively. (Shutterstock)
October 1st, 2018 - 06:59 GMT

This UAE Transport Violation Can Cost You Dh 50,000!

This is the largest electric speed train project in the Middle East and an important addition to the Kingdom’s railway system. (Shutterstock)
October 1st, 2018 - 06:01 GMT

Opinion: Saudis Are Not Happy With the Haramain Express Train

Between January and August 2018, passengers travelling via QAIA amounted to 5,804,735. (Shutterstock)
October 1st, 2018 - 05:57 GMT

Queen Alia Airport Hits the 1 Million Passengers Sweet Spot for First Time in History

The MEC said the recall campaign comes within the framework of its ongoing efforts to protect consumers and ensure that automobile dealers follow up on vehicles’ defects and repair them. (Shutterstock)
October 1st, 2018 - 05:53 GMT

Toyota, Mercedes, Recalled From Multiple MENA Markets for These Reasons

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