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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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Early gains lifted Amazon's value to $1 trillion only briefly, with the final close at $2,039.51 giving it a value of $995 billion. (Shutterstock)
September 5th, 2018 - 08:07 GMT

Amazon Long Game Pays off With Trillion-Dollar Market Value Milestone

Female trainees are acquainted with work procedures in the sector, methods of checking documents, work ethics and getting training on security skills in dealing with the public. (Shutterstock)
September 5th, 2018 - 07:59 GMT

290 Saudi Females Enroll for Passport Security Staff Training

The rising oil price has reduced the need for Gulf governments to sell bonds. (Shutterstock)
September 5th, 2018 - 07:51 GMT

Islamic GCC Bond Sales Fall by 32 Percent Due to Oil Price Hike

Local banks increased their hiring while foreign banks reduced the number of employees. (Shutterstock)
September 5th, 2018 - 06:45 GMT

More Than 750 Employees Hired in UAE Banks

The FTA had earlier announced that the VAT refund scheme will be implemented from the fourth quarter of 2018. (Shutterstock)
September 5th, 2018 - 06:17 GMT

VAT Refund for UAE Tourists to Roll out in November

Dubai is already well on its way to achieving most of its smart city transportation goals. (Shutterstock)
September 4th, 2018 - 09:32 GMT

Dubai Embraces Smart Modes of Transport

"Motorists have to start paying for the parking spaces after the expiration of the grace period to avoid being fined." (Shutterstock)
September 4th, 2018 - 09:21 GMT

No More Free Parking in Abu Dhabi Starting Saturday

The rial has lost around 15 percent of its value on the open market in the past three days, bottoming at 128,500 to the dollar by Monday evening. (Shutterstock)
September 4th, 2018 - 08:43 GMT

Iranian Rial Deteriorates Against Dollar

Oil Prices to Remain Between $70 - $80 per Barrel. (Shutterstock)
September 4th, 2018 - 08:36 GMT

Oman: Oil Prices to Remain Between $70 - $80 per Barrel

Turkish President Recep Tayyip Erdogan. (AFP)
September 4th, 2018 - 08:10 GMT

Turkey to Ditch the Dollar in Trade With Iran, China

The rate of renewing contracts increased by 21 per cent in 2017 compared with 2016. (Shutterstock)
September 4th, 2018 - 08:02 GMT

Oman Rents Drop Due to Cancelation of Rental Contracts

The unemployment rate during the second quarter of 2018 was 18.7 percent. (Shutterstock)
September 4th, 2018 - 07:56 GMT

Unemployment Rate Increases in Jordan But Decreases Among Women

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