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Main headlines

Main headlines latest

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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Predictions of Lebanon’s economic demise are not new. (AFP)
September 17th, 2018 - 08:20 GMT

Lebanon Desperate to Rationalize the Dire Economic Reality

Jordan is currently going through difficult conditions, and internal and external challenges, including an increase in unemployment rates. (AFP)
September 17th, 2018 - 07:56 GMT

Jordanian Engineers Association Rejects New Income Tax Law

Turkey is keen on buying natural gas from Iran with “reasonable price” in contrast to the price it pays for the gas imported from Russia and Azerbaijan. (Shutterstock)
September 17th, 2018 - 07:51 GMT

Turkey to Keep Iran Gas Exports Flowing Despite US Sanctions

The General Council for Islamic Banks and Financial Institutions (CIBAFI) said treatment of real estate across Islamic finance jurisdictions still reflected Basel II or pre-reform Basel III rules. (Shutterstock)
September 17th, 2018 - 07:46 GMT

Islamic Banks Urged to Update Property Rules to Protect $1.3 Trillion Global Assets

The All Shares Index, after a firm start, fell 4.68 points to 5,134.88 points. (Shutterstock)
September 17th, 2018 - 07:41 GMT

Kuwait Stocks Sag, Amidst Unstable Market

The ministry will open a number of representation offices in a number of countries like Iran, China and Russia, and redirect tourism towards the Sultanate.(Shutterstock)
September 17th, 2018 - 07:29 GMT

Iran, China and Russia to Host Oman's Ministry of Tourism Offices

In the report issued by the United Nations Development Program (UNDP), Oman has progressed four places, to be ranked 48th worldwide from its last year’s position of 52.
September 17th, 2018 - 06:18 GMT

Human Development Index 2018 Ranks Oman 5th in Arab World

Traditional Islamic scholarship raised objections to the basic concept of the industry, arguing that it contained elements of risk, gambling and usury that made it incompatible with the teachings of the Qur’an.
September 17th, 2018 - 05:58 GMT

How Saudi Found "Forbidden" Love in the $10 Billion Risk Business

Flynas stated that the “Future Pilots” programme aims to recruit 200 male and female pilots over the next five years, while the “Flight Attendants” programme aims to attract 300 Saudi male and female flight attendants within two years. (Shutterstock)
September 17th, 2018 - 05:40 GMT

Flynas Aims to Recruit 500 Male and Female Saudi Nationals

ADIB, which is rated A2 by Moody’s and A+ by Fitch, in each case with a stable outlook, priced the non-call, five-year Sukuk at a profit rate of 7.13 per cent. (File/ Photo)
September 17th, 2018 - 05:15 GMT

Strong Tier-One Perpetual Sukuk Debut for ADIB With $750 Million

Blackmail and banking frauds are among the top cybercrimes registered in Dubai. (Shutterstock)
September 16th, 2018 - 08:31 GMT

Over 50 Percent of Cyber Extortion Victims in the GCC Are Females

EU powers are in talks over launching a payments channel that would enable European companies to trade with Iran. (Shutterstock)
September 16th, 2018 - 08:09 GMT

EU to Launch Finance Tool to Dodge US Sanctions on Iran

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