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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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Remittances to home countries surged by 13.1 per cent to Dh88 billion. (Shutterstock)
September 23rd, 2018 - 07:39 GMT

Indian Expats Remittances From UAE Soar to Dh88 Billion

The strategy of many prime hotels in the country includes proactively promoting Qatar as a primary tourist destination and tapping newer markets. (Shutterstock)
September 23rd, 2018 - 07:32 GMT

World Cup 2022 Will Be a Defining Moment for Qatar's Hospitality Sector

Turkey and Germany on Friday pledged to forge closer economic and strategic ties following a high-level meeting of their finance. (Shutterstock)
September 23rd, 2018 - 07:06 GMT

Turkey, Germany Eager to Maintain Their Bilateral Trade Volume of $43.6 Billion

Participants gather in the lobby ahead of an informal meeting between members of the Organization of Petroleum Exporting Countries, OPEC, in the Algerian capital Algiers. (AFP)
September 23rd, 2018 - 07:01 GMT

OPEC Summit to Answer the 1.4 Million Barrels Question Ahead of US Sanctions on Iran

Oil prices rose this week on continuing market tightness. With the price rise, some Saudi-bashing has begun. (Shutterstock)
September 23rd, 2018 - 06:54 GMT

Saudi Arabia Rejects Claims of Its Comfort With Rising Oil Prices

The ministry started nationalizing four out of 12 activities in retail and wholesale sectors. (Shutterstock)
September 23rd, 2018 - 06:47 GMT

Over 1.2 Million Expats to Be Affected by Saudization of Shops

The UAE is ranked high in HDI mainly due to two key social parameters. (Shutterstock)
September 23rd, 2018 - 06:39 GMT

UAE Tops GCC Nations on Human Development

Four conditions for retailers to register in the digital system of the Tax Refund Scheme for Tourists. (Shutterstock)
September 23rd, 2018 - 06:26 GMT

4 Conditions UAE Retailers Must Meet to Register in VAT Refund Scheme for Tourists

Both airlines, which grew rapidly earlier this decade, have faced pressures in the past two years because of tough competition in the industry. (Shutterstock)
September 23rd, 2018 - 06:11 GMT

Is Emirates Takeover of Etihad Airways 'Fake News'?

The coins are listed on the firm’s exchange, Huulk, and future listings will focus on regional exchanges in Asia and the Middle East. (Shutterstock)
September 20th, 2018 - 07:49 GMT

Dubai's Onegram Enlists Islamic Cryptocurrency on Its Virtual Exchange

The Cabinet members’ tour to discuss the new income tax law around the country has not been received very well. (Shutterstock)
September 20th, 2018 - 07:45 GMT

Officials Kicked out of Jerash, Ajloun Ahead of Income Tax Law Discussions

This fiscal year's state budget targets the issuance of up to USD5bn bonds like those of Euro and US dollar-denominated bonds that have been put up for sale back in January and March. (Shutterstock)
September 20th, 2018 - 07:41 GMT

Egypt Considers Issuing $5 Billion Bonds in Asian Markets

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