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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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Duqm airport connects to the port through a double three-lane road in each direction, providing a smooth and easy link between them. (Times of Oman)
September 18th, 2018 - 09:36 GMT

Oman's Future Economic Powerhouse Inaugurates New Duqum Airport

The Kingdom’s revenues from tourism went up by 23.3 per cent, reaching $686.3 million. (Shutterstock)
September 18th, 2018 - 07:52 GMT

Jordan's Tourism Income Hits $3.6 Billion

Official data showed that the number of unemployed persons age 15 years and over rose by around 64,000 on a yearly basis. (Shutterstock)
September 18th, 2018 - 07:49 GMT

Turkey's Unemployment Rate Stable

KSA should be able to provide goods and services for its local market as well as build globally competitive export industries. (Shutterstock)
September 18th, 2018 - 07:42 GMT

Saudi Localization Plans to Introduce Multibillion-Dollar Infrastructure Dividend

The IMFSaid Last Month That Growth in the Non-Oil Sector Was Expected to Accelerate as the Kingdom Moved Ahead With Economic Reforms. (Shutterstock)
September 18th, 2018 - 07:18 GMT

IMF Confident Saudi Can Meet 1.9 Percent GDP Forecast

The current 4.5 million bpd would only increase to 5 million bpd over the next decade. (Shutterstock)
September 18th, 2018 - 07:10 GMT

Uncertainty Looms on Iraq Oil Production for the Next Decade

Makkah has a shopping mall supply of 140 sq m per 1,000 persons — significantly lower than other primary cities. (Shutterstock)
September 18th, 2018 - 07:05 GMT

Malls in Makkah to Grow by 200 Percent to Meet Pilgrim Boom Demands

UAE recorded 13.6 per cent growth in corporate earnings compared to 9.8 per cent in 2017. (Shutterstock)
September 18th, 2018 - 06:59 GMT

Dubai's Corporates Record Highest Rate of Growth in the GCC

The fund will be distributed in a span of three years to support the education of children. (Shutterstock)
September 18th, 2018 - 06:52 GMT

Abdul Aziz Al Ghurair Launches Dh100 Million Refugee Education Fund

The President's decision threatens to upend the possibility of a diplomatic breakthrough with Chinese negotiators. (Shutterstock)
September 18th, 2018 - 06:49 GMT

US Levies New Tariffs on $200 Billion in Chinese Goods

More than 2,000 people were caught transporting passengers illegally this year. (Shutterstock)
September 18th, 2018 - 06:44 GMT

Illegal Taxi Drivers in Abu Dhabi to Face Dh3,000 Fine, 24 Black Points

The visa will be provided to expat retirees over the age of 55 years for a period of five years under specific conditions. (Shutterstock)
September 17th, 2018 - 10:43 GMT

All What You Need to Know About the 5-Year Residence Visa in UAE

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