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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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Cash withdrawls from ATM machines also rose more than 12 percent on a year earlier. (Shutterstock)
September 3rd, 2018 - 07:43 GMT

Improved Economic Outlook in Saudi Arabia

Rents in even prime Dubai locations like Downtown, Palm Jumeirah and Sheikh Zayed Road have fallen in 2018.
September 3rd, 2018 - 07:29 GMT

Dubai Rents Witnesses Another Fall

Syria has suffered immense physical destruction, while millions of workers have fled, been conscripted or killed. (AFP)
September 3rd, 2018 - 07:17 GMT

The Effects of US Sanctions on Reconstructing Syria

Why pay extra if you are travelling without check-in baggage? (File/Photo)
September 2nd, 2018 - 12:16 GMT

Pay Less With Etihad If You Travel Without Check-In Baggage

Last year Emirati policymakers changed some details of the law to make it less draconian, as part of the plan to bring in a modern bankruptcy structure in the UAE. Al-Mulla thinks it still has not gone far enough. (Shutterstock)
September 2nd, 2018 - 12:03 GMT

Abraaj Founder Lawyer Points out the Flaws of the UAE Legal System

A quarter of women in Saudi Arabia have already applied for a driving license and of those who have not, 3 in 5 intend to apply. Among these new drivers, the majority (78%) plan to buy a car. (Shutterstock)
September 2nd, 2018 - 11:45 GMT

Women Drivers to Transform the Automotive Industry in Saudi Arabia

Defining the best investment depends on the kind of yield sought. Some people aim for quick profits, while others make investments that should give yields in the longer term. (Shutterstock)
September 2nd, 2018 - 11:30 GMT

The Best Investment Options in Egypt

Nestlé Water Jordan announced in a statement on Saturday its commitment to the “safety and health of the Jordanian consumer”. (Shutterstock)
September 2nd, 2018 - 11:20 GMT

Nestlé Withdraws Product in Jordan Due to Failure to Meet Specifications

State Department spokeswoman Heather Nauert said the business model and fiscal practices of the United Nations Relief and Works Agency made it an “irredeemably flawed operation”. (AFP)
September 2nd, 2018 - 11:09 GMT

Jordan Committed to Support UNRWA Despite US Halt of Funding

Another part of exchanges between the Iranian and Iraqi exporters are made in the form of barter. (Shutterstock)
September 2nd, 2018 - 10:11 GMT

Iran, Iraq Stop Dollar-Based Trade


Most barbershops in town offer skin and hair treatments, from cheaper Indian-owned barbers to the high-end men’s salons. (Shutterstock)
September 2nd, 2018 - 09:56 GMT

Men's Grooming Is a Billion-Dollar Industry


The MoU also aims to contribute to non-profit societal development, support women entrepreneurs and empower their initiatives in the industrial sector. (Shutterstock)
September 2nd, 2018 - 09:43 GMT

Saudi Arabia to Empower Women in Industrial Sector

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