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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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The plane scheduled to fly from Kathmandu to Dubai when one of the crew members suspected that the pilot was drunk. (File/Photo)
August 29th, 2018 - 08:40 GMT

Drunk Pilot Fired in Dubai

The tougher regulations will help the UAE authorities reduce the number of visit visa violators. (Shutterstock)
August 29th, 2018 - 08:32 GMT

Jobseekers to Pay Security Deposit for UAE Visa

Abraaj chief had issued the cheque to Jafar which was bounced due to lack of funds in the account. (AFP)
August 28th, 2018 - 12:34 GMT

Abraaj Group Founder Reaches Settlement, Criminal Case Withdrawn

Connected and autonomous vehicles are the prominent examples of this pioneering technology. (Shutterstock)
August 28th, 2018 - 11:05 GMT

Automotive Cybersecurity Market to Grow at 23.5 Percent CAGR From 2018 to 2024

Construction permits covered an area of 5,693,998 square meters in the first seven months of 2018. (Shutterstock)
August 28th, 2018 - 10:23 GMT

Construction Permits in Lebanon Plummet by 20 Percent Due to Property Sales Plunge

Foreign Affairs Minister Chrystia Freeland, speaking in Berlin to the annual meeting of German ambassadors, set off a firestorm when she tweeted earlier this month for Saudi Arabia to “immediately release” jailed human rights activists. (Shutterstock)
August 28th, 2018 - 10:15 GMT

Canada Seeks Germany's Support to Resolve Saudi Dispute

Lebanon’s GDP growth to slow to 1.7 percent in 2018 due to political instability. (Shutterstock)
August 28th, 2018 - 10:14 GMT

GDP Growth to Drop in 2018 Due to Political Instability in Lebanon

Visual search allows consumers to open any of Landmark’s retail brand apps. (TradeArabia)
August 28th, 2018 - 10:03 GMT

Middle East Retail Brand Launches “Visual Search” Technology


The seven sovereigns rated by S&P Global Ratings have liquid government assets totaling more than 100% of GDP; notably, three are members of the Gulf Cooperation Council. (SG)
August 28th, 2018 - 09:56 GMT

3 GCC Countries With Liquid Assets Over 100% of GDP

Tesla’s shares, already down nearly 10 percent from their level on 7th August, just before Musk tweeted that he had “funding secured” for a buyout at $420 a share, fell 5 percent in trading in Germany to $263.50. (Shutterstock)
August 28th, 2018 - 09:40 GMT

Tesla Shares Plunge After Musk Calls off Private Deal

Aramco is the world's most profitable energy company. With a net income of $33.8 billion in the first half of 2017 before taxes, a considerable amount of the income goes to the government budget, which could change. (AFP)
August 28th, 2018 - 09:34 GMT

With an Indefinite Halt on Its IPO, What's Next for Saudi Aramco?

A large number of women were recently employed in GACA and in service providing companies in technical fields. (Shutterstock)
August 28th, 2018 - 08:54 GMT

5 Saudi Women Can Now Roam the Skies

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