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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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Across all lines combined, the Metro accommodates more than four million passengers per day. (AFP)
September 7th, 2018 - 03:40 GMT

Egypt Signs Agreement With European Bank to Upgrade Cairo Metro

Abraaj's liquidators are also getting offers for regional operations within the unit. (File / Photo)
September 6th, 2018 - 10:42 GMT

Abraaj Fund Unit Managed $14 Billion, Receives $1 Bid

New system to avoid possible mistake, provide healthy information flow among financial institutions, Borsa Istanbul says. (Shutterstock)
September 6th, 2018 - 09:50 GMT

Turkey Builds Blockchain-Based System for Financial Institutions

Turkey exported chemicals mostly to Germany, the U.S., Egypt, Iraq, Spain, the U.K., the Netherlands, Greece, and China. (Shutterstock)
September 6th, 2018 - 09:38 GMT

Over $11 Billion Worth of Chemical Exports From Turkey

South Sudan seceded from Sudan in 2011 when output peaked at 350,000 bpd. (Shutterstock)
September 6th, 2018 - 09:34 GMT

South Sudan Oil Output to Reach 350,000 Bpd by Mid-2019

The net public debt at the end of July showed a rise of JD1.18. (Shutterstock)
September 6th, 2018 - 09:29 GMT

Jordan Public Debt Constitutes More Than 96 Percent of the GDP

Qatar on Wednesday became the first country in the Gulf Cooperation Council to grant expats permanent visas to non GCC member states. (Shutterstock)
September 6th, 2018 - 09:22 GMT

Qatar Becomes First GCC Country to Offer Expats Permanent Visas

The pace of non-oil private sector growth in the Kingdom has accelerated in the last three months. (Shutterstock)
September 6th, 2018 - 09:18 GMT

Non-Oil Sector Growth Remains Below the Pre-VAT Average in Saudi Arabia

The Jordanian private sector’s eagerness to cooperate with their Syrian counterpart to capitalise on the opportunities opened for the two sides. (File / Photo)
September 6th, 2018 - 09:10 GMT

New Economic, Trade Relations Between Jordan and Syria

The online travel sector in Saudi Arabia witnessed a massive 536% increase in debit card transactions. (Pexels)
September 6th, 2018 - 08:49 GMT

Report: Saudi Arabia Witnesses 218 Percent Growth in Mobile Travel Bookings

More than a million Prius and C-HR compact crossover vehicles were recalled globally due to the risk of fire. (Shutterstock)
September 6th, 2018 - 08:42 GMT

Over 1,000 Toyota Cars Recalled in UAE

The Iranian rial has fallen to its lowest rate on record. (Shutterstock)
September 6th, 2018 - 08:36 GMT

Iran Rial Hits Lowest Record, Over 150,000 Against US Dollar

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