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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 has discussed trade in national currencies with Russia and Turkey in order to reduce the impact of U.S. dollar on the three countries’ trade and economies. (Shutterstock)
September 9th, 2018 - 08:58 GMT

Iran, Russia, Turkey to Ditch US Dollar in Trade

Investment opportunities in the hotel sector will increase by over SR100 million. This will create over 15,000 job opportunities for Saudi young men and women. (Shutterstock)
September 9th, 2018 - 08:54 GMT

Saudis to Access 15,000 Job Opportunities

With the tax projected to be put into effect in the near future in the sultanate, OABC and EY are working with companies throughout Oman to help them with this transition. (Shutterstock)
September 9th, 2018 - 08:27 GMT

Oman Gears Up Public for VAT Seminars

Among oil and gas products, refined products shot up by 39 per cent while crude oil and natural gas price soared by 17.9 per cent. (Shuttertsock)
September 9th, 2018 - 08:22 GMT

Oman's Producer Price-Based Inflation Rises by 17.7 Percent

Total deposits registered a growth of 4.5 per cent to OMR22.3 billion, with private sector deposits increasing by 4.7 per cent to OMR14.2 billion as at the end of June 2018. (Times of Oman)
September 9th, 2018 - 08:18 GMT

Banking Sector Credit in Oman Reaches OMR 24.3 Billion

Qatar is preparing to speed up the growth of its natural gas sector by 30 percent. (Shutterstock)
September 9th, 2018 - 08:10 GMT

Qatar to Expand Gas Sector by 30 Percent to Meet Vision 2030

The first Master Murabaha agreement was signed by Eng. Hani Salem Sonbol, Chief Executive Officer ITFC and Ahmed Yousef, Deputy Chairman of the Commodity Supply Authority. (SG)
September 9th, 2018 - 08:02 GMT

Egypt to Receive $3 Billion From ITFC Agreement

Forty-seven realty projects were introduced into the Dubai market and were completed on their set timelines. (Shutterstock)
September 9th, 2018 - 07:47 GMT

Dubai Reality Projects Delivered in First 8 Months Worth Dh12 Billion

Emirates airline was the world's fourth-busiest carrier in the world in terms of total scheduled passenger kilometres flown carrying 289 million travellers last year. (Shutterstock)
September 9th, 2018 - 07:41 GMT

289 Million Travellers Make Emirates Fourth-Busiest Airline Globally

Energy, utilities and transportation take lion's share of infrastructure investment. (Shutterstock)
September 9th, 2018 - 07:34 GMT

UAE to Pump Dh1.3 Trillion in These 3 Sectors

How do you measure the success of your content marketing program? (Shutterstock)
September 9th, 2018 - 04:00 GMT

Benchmark Measurement for Your Content Marketing Program

The six-month challenge starts from October 1 until the end of March 2019. (KhT)
September 8th, 2018 - 04:00 GMT

Dubai Launches Zero Accident Challenge

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