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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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Egypt began setting a monthly customs exchange rate in January 2017, following the liberalization of its currency in November 2016. (Shutterstock)
September 30th, 2018 - 06:32 GMT

Egypt to Stick to EGP16 to $1 for October

European Union Foreign Policy Chief Federica Mogherini said on Wednesday a so-called Special Purpose Vehicle (SPV) will facilitate trade with Iran and it will go into force before November. (Shutterstock)
September 30th, 2018 - 06:23 GMT

Iran Urges EU to Launch the New Financial Mechanism Ahead of Looming US Sanctions

The Kingdom’s banking sector is the most secure in the Arab region, where capital adequacy in Jordan amounted to 18.5 and 17.8 per cent in 2016 and 2017, respectively. (Shutterstock)
September 30th, 2018 - 06:14 GMT

Jordan's Banking Sector Is Most Secure in the Arab World, With $70.4 Billion Assets

While employment levels remain consistent, only 11% of the total pool of employees studied were recruited in the last 12 months. That’s down by nearly 20% year over year, indicative of people staying in their jobs longer in an uncertain economic environment. (Korn Ferry)
September 30th, 2018 - 05:55 GMT

Can Saudi Strike a Balance Between Its Rising Inflation Rate and Uneconomic Salary Bonuses?

According to the annual Korn Ferry study which surveyed 600 companies across 20 economic sectors, 72 per cent of companies gave their employees a raise in 2018. (Shutterstock)
September 30th, 2018 - 05:37 GMT

Report: UAE Salaries on the Rise

Qatar Explores How Fintech Can Shape Its Future Economy. (Shutterstock)
September 27th, 2018 - 06:32 GMT

Qatar Explores How Fintech Can Shape Its Future Economy

Monday’s sessions were characterized by disorganization, and saw the endorsement of just five draft laws amid cacophonous debate. (AFP)
September 27th, 2018 - 06:28 GMT

Lebanon's Dysfunctional Parliament Endorses Bills Crucial to Economy and Healthcare

Sawiris praised some recent economic measures, including the flotation of the Egyptian pound.
September 27th, 2018 - 06:11 GMT

Sawiris Urges Egyptian Government to Loosen the Noose on Businesses

 "the summit will present the "success stories" of Tunisian start-ups, inform and discuss the different ecosystems, innovations and talents of Africa today and tomorrow." (Shutterstock)
September 27th, 2018 - 05:46 GMT

Tunisia Enters the Startup Race With Afric'up Summit

Bahrain EDB has already attracted a total of 76 companies, accounting for an investment of BD305 million. (Shutterstock)
September 27th, 2018 - 05:43 GMT

FDI Flow of $810 Million Into Bahrain Signals for a Hiring Boom

Iran, with such a rich history, is home to more than 1 million historical monuments, 34,000 nationally registered sites and 23 world heritage sites. (Shutterstock)
September 27th, 2018 - 05:25 GMT

With Oil Prices Dipping, Can Tourism Be Iran's Saviour Ahead of US Sanctions?

The top laptops for mining will feature the best processors and GPUs, as these are the most important parts when you’re mining for cryptocurrency. (Shutterstock)
September 27th, 2018 - 05:23 GMT

The Best Laptops in 2018 for Mining Cryptocurrencies

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