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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 volume of trade exchange between Jordan and Spain is currently at JOD430 million, compared to JOD230 million in 2013. (Shutterstock)
September 25th, 2018 - 06:06 GMT

Trade Between Jordan and Spain at JOD 430 Million

The medical insurance segment posted a net profit margin of 3.5 percent in 2017 compared to 4.6 percent in 2016. (Shutterstock)
September 25th, 2018 - 05:55 GMT

Insurance Companies Struggling as Healthcare Costs Rise in Lebanon

The fraudsters would resort to "fake" phishing methods to convince the victim that they have access to personal information. (Shutterstock)
September 25th, 2018 - 05:33 GMT

Beware of This New Phone Scam in the UAE

Al Ahli Bank of Kuwait K.S.C.P. priced a highly successful $300 million bond. (Shutterstock)
September 25th, 2018 - 05:25 GMT

Kuwait's ABK Launches $300 Million Bond, Its First Foray Into Capital Markets in 2018

Iran's oil exports have already fallen by nearly one-third since Trump's announcement. (Shutterstock)
September 25th, 2018 - 05:14 GMT

Iran Oil Exports Bullish, Despite Falling by One-Third Since Trump's Announcement

The majority of expats have come to Kuwait according to authenticated contracts either as domestic helpers, laborers or are seeking jobs in the private sector. (AFP)
September 25th, 2018 - 05:07 GMT

Opinion: Why is Kuwait Raging a War Against Expats?

Qatar is likely to set aside around QR20 billion next year for the ongoing revamp of the infrastructure inside Doha in the run-up to the 2022 FIFA World Cup. (Shutterstock)
September 25th, 2018 - 04:57 GMT

Qatar to Spend QR 20 Billion Next Year on Infrastructure Ahead of World Cup 2022

Qatar-Oman trade reached more than QR3.5 billion in 2017. (Shutterstock)
September 25th, 2018 - 04:50 GMT

Why Is Oman Hosting Made in Qatar Expo Despite the Siege?

The World Bank announced Saturday a $300 million loan to Egypt for complementing the current ‘’Sustainable Rural Sanitation Services Program’’. (Shutterstock)
September 24th, 2018 - 10:10 GMT

Egypt to Start Rural Sanitation Services Program With $300 Million Loan

The drop in sales can be attributed to several factors, such as high inflation, political instability in the country. (Shutterstock)
September 24th, 2018 - 09:57 GMT

Lebanese Retail Economy Still Stagnant Despite Massive Discounts

By speeding up the transfer of data regarding workers found violating the Omani Labour Laws, the link will also cut costs and efforts to resolve such disputes. (Shutterstock)
September 24th, 2018 - 09:50 GMT

Oman to Make Labour Dispute Resolutions Faster

The move is meant to reverse a sharp drop in gold miner shares. (Shutterstock)
September 24th, 2018 - 07:19 GMT

Sawiris Leads Flock to Reverse Gold Miner Shares Drop

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