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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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Arif Naqvi, the founder of Abraaj Group. (AFP)
August 27th, 2018 - 09:58 GMT

Abraaj Group Founder to Face Court on August 28

95% believe that AI will have a positive impact on their firm, with 70% already earmarking a budget for its implementation. (Shutterstock)
August 27th, 2018 - 09:49 GMT

Survey: 95 Percent of Middle East Firms Believe AI Have Positive Impact

Workers who make up this percentage do not have intermediate or university degrees, the minister explained, adding that they need to be “filtered” through a mechanism that assesses the actual need for their services. (Shutterstock)
August 27th, 2018 - 09:36 GMT

70 Percent of Expats in Kuwait's Private Sector Are Unqualified

Foreigners bought 5,367 properties in Turkey during the first quarter of 2018, compared to 4,316 last year. (Shutterstock)
August 26th, 2018 - 12:00 GMT

Real Estate Sector Thrives in Turkey Due to Lira Plummet

Oil prices rose amid the fall in US crude inventories by 5.84 million barrels, the biggest drop in four weeks. (Shutterstock)
August 26th, 2018 - 11:53 GMT

Oil Prices Recover Due to Iranian Oil Supply Disruption

The cost of a child’s education from preschool to university in the UAE has been estimated at around $255,000. (Shutterstock)
August 26th, 2018 - 11:45 GMT

Education Sector in UAE Witnesses Intense Competition

The airlines were compared in the category of free checked luggage allowance, free seat reservation, pre-boarding for families, no 'lap fees', kids meals, free kids entertainment, onboard bassinet/carry cot and for taking pushchair for free. (File/Photo)
August 26th, 2018 - 10:46 GMT

Emirates, Etihad Among World's Top 20 Most Family-Friendly Airlines

A message from the Saudis: If we buy our arms from you, we also buy your silence. (AFP)
August 26th, 2018 - 10:41 GMT

Opinion: The Repercussions of the Saudi-Canada Row on Mohamed Bin Salman

The campaign said 1,238,046 expatriates have violated the system of residency, 263,205 the work laws and 123,767 the system of border security. (Pixabay)
August 26th, 2018 - 10:29 GMT

More Than 1.6 Million Expat Violators Caught in Saudi Arabia

Musk met with the electric car and solar panel company's board on Thursday to tell them he thought the company should stay public and the board agreed, according to the statement. (Shutterstock)
August 26th, 2018 - 10:22 GMT

Musk Calls Off Private Deal, Tesla Remains on Public Stock Exchanges

5% VAT is expected to produce revenues of over $25 billion per annum for the six GCC countries. (Shutterstock)
August 26th, 2018 - 10:15 GMT

Bahrain to Implement VAT in 2019

A committee set up by the Organization of the Petroleum Exporting Countries and allied non-OPEC exporters would review their crude output at a meeting in Algeria next month. (Shutterstock)
August 26th, 2018 - 10:10 GMT

Agreement on Mechanism to Monitor Oil Supply Expected Before the End of the Year

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