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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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Gold will remain a safe haven in the light of the rise of the US dollar’s rate and the recovery of stock and assets markets. (Shutterstock)
September 10th, 2018 - 09:18 GMT

Gold Prices Drop Below $1,200 per Ounce

The rise of mobile usage is driving video consumption (particularly on mobile-optimised social platforms), which in turn is driving up advertiser investment in video. (Shutterstock)
September 10th, 2018 - 08:33 GMT

Report: Advertisers to Invest $30 Billion in Online Video

Bitcoin, the first and most popular cryptocurrency, lost about 15% of its value last week. (Shutterstock)
September 10th, 2018 - 08:27 GMT

Despite Losses, Cryptocurrencies Gain Ground in Asia

The country might be releasing some rules for the tourists heading to the country. (Shutterstock)
September 10th, 2018 - 08:23 GMT

Travel Insurance for Tourists Visiting Egypt to Become Compulsory

Iran’s imports of the U.S. in July reached $35.7 million. (Shutterstock)
September 10th, 2018 - 08:14 GMT

US - Iran Trade Reaches $60.7 Million in July Despite Sanctions

Consumers usually do not have any kind of protection on their devices. (Shutterstock)
September 10th, 2018 - 08:08 GMT

Turkey Cyberattacks Rises to 24.9 Percent in First Half of 2018

Business activity increased once again in Dubai’s non-oil private sector. (Shutterstock)
September 10th, 2018 - 07:36 GMT

Dubai Non-Oil Private Sector Economy Sees Slow Improvement Over Four Months

The Royal Commission for Makkah and the Holy Sites will implement giant projects in Mecca and the holy sites plans to serve pilgrims and making their pilgrimage more comfortable. (Shutterstock)
September 10th, 2018 - 07:31 GMT

Saudi Holy Sites to Adopt Hi-Tech Projects

There were a total of 241,076 employees working in the wholesale business involving 36,379 establishments by the first quarter of 2018.
September 10th, 2018 - 06:55 GMT

Report: Expats Occupy More Than 70 Percent of Jobs in Wholesale Sector

Saudi companies are more optimistic about revenue growth than they were last year. (Shutterstock)
September 10th, 2018 - 06:40 GMT

Survey: Ernst & Young Predicts 10 Percent Growth for Saudi Companies

The new licenses need to obtain a 'No Objection Certificate' for the first year. (Shutterstock)
September 10th, 2018 - 06:31 GMT

Abu Dhabi New Guidelines to Facilitate Economic Licenses

Gold bonds and lease certificates will be issued to individual investors. (File/ Photo)
September 9th, 2018 - 09:00 GMT

Turkish Treasury to Issue New Gold-Based Securities

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