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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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Officials have warned that anyone who will be caught staying in the country after the expiration of their visa will face legal action including jail sentence, hefty fines and deportation. (Shutterstock)
September 4th, 2018 - 07:48 GMT

Jobseeker Visa Violators to Face Prosecution in UAE

Abu Dhabi Commercial Bank (ADCB) said that merger talks with Union National Bank (UNB) and Al Hilal are at a very preliminary stage.
September 4th, 2018 - 07:41 GMT

Three Major UAE Banks Mulls Merger to Create $113 Billion Bank

The ministry clarified that the statement was issued in response to "baseless and unfounded" media reports. (Shutterstock)
September 4th, 2018 - 07:36 GMT

Saudi Arabia Will Not Impose Fees on Expat Remittance

Egypt’s stock market index gained 4.82 percent this week. (AFP)
September 3rd, 2018 - 09:49 GMT

Egypt's Stock Market Is the Best-Performer in the Region This Week

The growth reflects the significant achievements made by the transformational industries over the past five years. (Shutterstock)
September 3rd, 2018 - 09:21 GMT

UAE Non-Oil GDP Hikes Steadily

Construction was the most active segment of the GCC projects market in 2017. (Shutterstock)
September 3rd, 2018 - 09:16 GMT

Report: 2017 Worst Year for GCC Construction Industry

Fifteen companies are reported to be considering a merger to avoid bankruptcy. (Shutterstock)
September 3rd, 2018 - 08:31 GMT

15 Companies Consider Merger to Avoid Bankruptcy in Kuwait

The Fan ID, provides fans with visa-free entry to Russia at the 2018 tournament.(Shutterstock)
September 3rd, 2018 - 08:21 GMT

Qatar Mulls Visa-Free Entry Scheme

Trade deficit of $2.48 billion last month was lowest monthly figure in last 9 years, says minister. (Shutterstock)
September 3rd, 2018 - 08:12 GMT

Foreign Trade Deficit Falls 58 Percent in Turkey

President Sisi at the signing of the economic agreements with Chinese companies in Beijing on Sunday (Photo: Egyptian Presidency)
September 3rd, 2018 - 08:07 GMT

Egypt Signs $18 Billion Worth Contracts With Chinese Investors

The sell-off has increased the cost of food and petrol and raised fears about the impact on the country’s wider economy and banks. (Shutterstock)
September 3rd, 2018 - 07:59 GMT

Turkey Rises Gas, Power Prices by 14 Percent

Bitcoin edged down by 0.5%.
September 3rd, 2018 - 07:49 GMT

Crypto Update: Bitcoin Slips Again, New Cryptocurrency to Be Launched

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