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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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A Qatar-based company is planning to manufacture and market electric cars of different sizes and capacities, using technologies from a Japanese partner. (Shutterstock)
September 20th, 2018 - 07:26 GMT

Qatar, Japan to Collaborate on Electric Cars Manufacturing

Qatar’s current account returned to a surplus of 3.8% of GDP in 2017 on the back of higher energy prices. (Shutterstock)
September 20th, 2018 - 06:56 GMT

Hydrocarbon Exports Sustain Qatar's Account Surplus to 9 Percent of GDP

Putting sustainability at the core of our business: Mars is combining procurement and sustainability to bring sustainability into the core of the business and to balance decision-making. (Shutterstock)
September 20th, 2018 - 06:39 GMT

Mars to Address Climate Change With $1 Billion Investment in Sustainability

The ministry is expecting to raise fish production to 1.4mn tonnes in 2023 from 280,000 tonnes in 2016. (Shutterstock)
September 20th, 2018 - 06:37 GMT

Oman's Fisheries Sector to Increase to RO1.3 Billion in 2023

The level of commitment to implementing the budget reached 100 per cent during the first quarter of 2018. (Shutterstock)
September 20th, 2018 - 05:59 GMT

UAE Government Spending on Target at $2.84 Billion

The emirate’s free zones foreign trade scored an increase of 20 per cent, Dh43 billion in the first half of 2018 to Dh257 billion. (Shutterstock)
September 20th, 2018 - 05:48 GMT

Dubai Revenue Diversification Healthy, With $175 Billion in Non-Oil Foreign Trade

The offence can also result in vehicle being confiscated. (Shutterstock)
September 20th, 2018 - 05:42 GMT

Driving With Expired License in UAE Will Cost You Dh500

From left, Ms Almoayyed, Ms Al Shirawi, Ms Al Hashemi, Shaikha Hessa, and Ms Karzoon. (GDN)
September 20th, 2018 - 05:21 GMT

These Are the 5 Bahraini Women on Forbes Power List

The number of millionaires in the UAE with assets between $1 million and $30 million reached 46,998 while ultra-high net worth individuals with assets of $30 million-plus reached 1,380 last year. (Shutterstock)
September 20th, 2018 - 05:02 GMT

Report: UAE a Haven for HNWI's

Egypt is to have its first smart educational city in the Governorate of Giza. (Shutterstock)
September 19th, 2018 - 10:13 GMT

Egypt to Welcome Its First Smart City in Al-Giza

Iran is a very important member of OPEC. (Shutterstock)
September 19th, 2018 - 09:37 GMT

OPEC Reaffirms Iran's Membership Ahead of US Sanctions

The country has the third-highest debt rate in the world compared with gross domestic product, currently standing at about $81 billion, or 152 percent of the country’s GDP. (Shutterstock)
September 19th, 2018 - 09:26 GMT

No New Taxes to Fix Lebanon's Economic Meltdown

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