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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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Iran’s Oil Revenues Rise up to $9.9 Billion. (Shutterstock)
September 11th, 2018 - 08:50 GMT

Iran’s Oil Revenues Rise up to $9.9 Billion

The new cities are planned in Cairo, Giza, Dakahlia, Beheira, Port Said, Matrouh, North Sinai, Beni Suef, Minya, Assiut, Qena, Luxor and Aswan. (Shutterstock)
September 11th, 2018 - 08:15 GMT

Egypt 20 New Cities to Accommodate 30 Million

Egypt and the United States signed a $65 million grant to support infrastructure in the country. (Shutterstock)
September 11th, 2018 - 08:10 GMT

US Grants $65 Million to Egypt for Infrastructure Support

The exchange rate of the US dollar was relatively stable during transactions on Sunday. (Shutterstock)
September 11th, 2018 - 08:02 GMT

Egyptian Major Banks Report Stable Dollar Prices

Lebanon’s gross public debt rose by 4.3 percent to $82.95 billion in the first six months of 2018. (File/ Photo)
September 11th, 2018 - 07:56 GMT

Lebanon’s Chronic Public Debt Hits $83 Billion

Iran’s liquidity stood at 16.02 quadrillion rials. (Shutterstock)
September 11th, 2018 - 07:50 GMT

Iran's Liquidity Above $381 Billion, up by 20.1 Percent

Despite the moderate slowdown in consumption and investment, the economic growth in the second quarter continued with domestic demand. (Shutterstock)
September 11th, 2018 - 07:44 GMT

Despite Inflation Struggle, Turkey's Economy up by 5.2 Percent

The proposed merger, pending approvals by the banks' boards of directors, shareholders and regulators, would be credit positive for UAE banks. (Shutterstock)
September 11th, 2018 - 07:32 GMT

UAE Banks' Three-Way Merger a Boon for Banking System

Indian economy is expected to attract large-scale investment from the GCC to India. (Shutterstock)
September 11th, 2018 - 07:21 GMT

India’s Booming Economy Fuels GCC Investment Appetite

The Omanization drive is part of a government’s push to recruit more of its citizens. (Shutterstock)
September 11th, 2018 - 06:50 GMT

More Than 27,000 Illegal Expats Detained in Oman in 2017

The UAE maritime industry has been seeking exemption from VAT in line with the global practice as many countries relieved the industry from the taxation. (Shutterstock)
September 11th, 2018 - 06:46 GMT

After Gold, UAE Mulls This Sector for VAT Exemption

The scheme has been launched in one emirate, and will be rolled out across the country soon. (Shutterstock)
September 11th, 2018 - 06:36 GMT

UAE Rolls out New Private Sector Jobs System

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