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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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Some pharmacists complained of the "unattractive offers" in addition to the lack of opportunities. (Shutterstock)
August 30th, 2018 - 05:00 GMT

Unemployment Rate Among Jordanian Pharmacists Reaches 20 Percent

Twitter suspended more than 70 million fake accounts in May and June. (Shutterstock)
August 30th, 2018 - 04:00 GMT

Twitter Suspends More Than 700 Accounts Linked to Iran, Russia

The currency has lost about 40 per cent of its value against the dollar this year. (Shutterstock)
August 29th, 2018 - 11:49 GMT

Borrowing Limits Doubled for Banks in Turkey

The ratings agency said that the downgrades reflect a substantial increase in the risk of a downside scenario, where a further negative shift in investor sentiment could lead to a curtailing of wholesale funding. (Shutterstock)
August 29th, 2018 - 11:42 GMT

Moody's Downgrades 20 Financial Institutions in Turkey

Consumer prices rose by 2.2 percent year-on-year in July compared to 2.1 percent in June, an increase driven by increasing food prices, particularly vegetables. (Shutterstock)
August 29th, 2018 - 11:36 GMT

Rising Food Costs Push up Inflation Rate in Saudi Arabia

The King was advised that the IPO would undermine the Kingdom’s economy instead of helping it and their main concern was that it would bring full public disclosure of Aramco’s financial details. (AFP)
August 29th, 2018 - 10:37 GMT

Saudi Arabia Calls off Aramco IPO Plans

Prices had gone up in the month of August as well, compared to the previous month. (Shutterstock)
August 29th, 2018 - 10:27 GMT

Petrol Prices to Rise in UAE Starting September

Speaking to German business representatives and ambassadors at the Foreign Ministry, Heiko Maas criticized U.S. President Donald Trump’s sanctions and his economic pressure policy towards Turkey. (Shutterstock)
August 29th, 2018 - 09:53 GMT

Unlike US, EU Wants a Stable Economic Development in Turkey

The UAE team includes Ahmed Habib Al Gharib, general manager of Humaid Bin Rashid Al Nuaimi Foundation for Human Development- Ajman and the full team of the Locus Chain Mena Office in Dubai. (Shutterstock)
August 29th, 2018 - 09:45 GMT

UAE Participates in Global Blockchain Summit

According to an economic expert, the inclination to suspend the issuance and renewal of work permits for expatriates above the age of 60 who work in the private sector is not suitable. (Shutterstock)
August 29th, 2018 - 09:37 GMT

Experts Raise Concerns Over New Visa Rules in Kuwait

Should your face be your passport? Or is face recognition a scourge on those who want to remain anonymous? You decide, but it might get you through the airport quicker next time without you even realizing it – and that’s always going to put a smile on your face. (Shutterstock)
August 29th, 2018 - 09:29 GMT

Your Face Might Become Your Passport Soon

The guidelines for the Saudization mechanism on the ministry’s website says that the targeted Saudization in these activities has been scaled down from 100% to 70%. (Shutterstock)
August 29th, 2018 - 08:59 GMT

70 Percent Saudization in These 12 Sectors

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