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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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would likely begin to benefit some of the 200 primary health care facilities across Lebanon in 2019 (Shutterstock)
September 13th, 2018 - 09:29 GMT

Lebanon Approves $150 Million in Soft Loans for Healthcare

The rise of Islamic finance startups in recent times is increasingly opening the industry up to innovations. (Shutterstock)
September 13th, 2018 - 09:17 GMT

Will Islamic Scholars Catch up With Islamic Finance Startups?

Risks to financial stability remain significant given unpredictability in the policy framework and Turkey’s large external financing requirements. (Shutterstock)
September 13th, 2018 - 09:03 GMT

Agencies Downgrade Turkish Banks in Response to Market Volatility

Iranian government earns budget from various sources including the revenues and offering capital assets and divesting financial assets to the private sector. (Shutterstock)
September 13th, 2018 - 08:49 GMT

Iran's Tax Revenues Surpass $8.5 Billion in 4 Months

The Jordanian minister said the Qatari authorities are interested in implementing projects in the tourism and energy sectors in the kingdom. (Shutterstock)
September 13th, 2018 - 08:40 GMT

Qatari $500 Million Investments Eye Tourism and Energy Sectors in Jordan

The DIFC has been seeing a consistent influx of foreign companies. (Shutterstock)
September 13th, 2018 - 07:24 GMT

Dubai Ranks 15th Worldwide in Global Financial Centre Index

OPEC opened the flood gates this summer by increasing crude oil production by 278,000 barrels a day from July to August. (Shutterstock)
September 13th, 2018 - 07:09 GMT

OPEC Ups Production to 278,000 Barrels a Day

Saudi Arabia raised $50 billion through international conventional and Islamic bonds. (Shutterstock)
September 13th, 2018 - 06:57 GMT

Saudi Arabia New Dollar Sukuk Sale to Follow a $9 Billion Debut Last Year

The 16.3% increase reflects more favourable conditions for wealth creation despite volatile geopolitics. (Shutterstock)
September 13th, 2018 - 06:39 GMT

Wealth of UHNW Reaches $31.5 Trillion, With Middle East Fourth-Largest Region

This long-term supply agreement is the first QPSPP naphtha feedstock sale to an end-user in India, highlighting QPSPP push for more direct sales with established end-users. (Shutterstock)
September 13th, 2018 - 06:21 GMT

Qatar to Supply India With 600,000 Tonnes of Naphtha Over 3-Year Deal

The country’s budget might increase to KD 40 billion, and the number of expatriates will increase to five million with the opening of the Silk City Project. (Shutterstock)
September 13th, 2018 - 06:07 GMT

Expats to Hit 5 Million Mark in Kuwait With Opening of Silk City Project

As usual, the campaign was followed by large number of press releases flooded by the labor ministry in all local media outlets. (Shutterstock)
September 13th, 2018 - 05:28 GMT

Opinion: Is Saudization a Mirage Investment?

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