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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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Kuwait and Tunisia signed an investment protocol in 2010. (Shutterstock)
September 19th, 2018 - 09:11 GMT

Kuwait, Tunis to Expand on Economic and Trade Relations

Lucid Motors received a $1 billion investment from Saudi Arabia Monday that will get the Lucid Air electric vehicle through to commercialization by 2020. (Lucid Motors)
September 19th, 2018 - 09:01 GMT

Saudi Carves a Slice of the Electric Car Market With $1 Billion Investment

Qatari businessmen are keen to explore investment opportunities available in Ivory Coast in the fields of agriculture, mining, tourism and real estate. (Shutterstock)
September 19th, 2018 - 08:34 GMT

Ivory Coast Investment Opportunities Lure Qatari Businessmen

The three countries could set up a "Special Purpose Vehicle" . (Shutterstock)
September 19th, 2018 - 08:24 GMT

EU to Set up an SPV to Facilitate Iran's Global Commerce

Egypt is Africa's strongest and most investible economy. (Shutterstock)
September 19th, 2018 - 07:32 GMT

Egypt Reigns as Africa’s Strongest Investible Economies

The Kingdom’s tourism sector needs 5,896 jobs by the end of 2019. (Shuttertstock)
September 19th, 2018 - 07:27 GMT

Report: Jordan's Tourism Sector Needs More Than 5,000 Jobs to Bridge Supply-Demand Gap

Cash withdrawals are now possible using simply a PIN and your fingerprint. (Shutterstock)
September 19th, 2018 - 07:21 GMT

Bahrain Launches GCC's First Biometric Payment System

The initiative may encourage investment in purpose-built accommodation for older generations. (Shutterstock)
September 19th, 2018 - 06:57 GMT

UAE Real Estate to Benefit From New Retiree Visa Law

Crude is averaging about $72 a barrel this year, and the International Energy Agency warned last week that prices could rise above $80. (Shutterstock)
September 19th, 2018 - 06:53 GMT

OPEC, Non-OPEC Countries to Finalize Permanent Framework Ahead of US Sanctions

The trade between Iran and its western neighbor Iraq has grown 30 percent during the first five months of the Iranian calendar year. (Shutterstock)
September 18th, 2018 - 09:59 GMT

Iran-Iraq Trade Grows 30 Percent to More Than $12 Billion

The country's budget revenues totaled 485.7 billion Turkish liras ($109 billion) in the first eight months of this year. (Shutterstock)
September 18th, 2018 - 09:54 GMT

Turkey Hits $11.4 Billion Budget Deficit Between Jan-Aug 2018

Dubai and Abu Dhabi in the United Arab Emirates (UAE) could soon join London, New York and Hong Kong in the world’s top 10 global financial centre rankings. (Shutterstock)
September 18th, 2018 - 09:47 GMT

New UAE Visa Law Might Propel It to Top 10 World Financial Hubs

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