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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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Most airlines charge for seats in US dollars, and the fall in the value of the rial has made dollars unaffordable for most Iranians. (Shutterstock)
August 26th, 2018 - 10:06 GMT

Iranians Stuck as More Airlines Cancel Flights

A customs report said in June that Iran had exported 216.585 tons of goods worth $47.666 million to Qatar during the first two months of the current Iranian year (March 21, 2018-May 21, 2018), showing a considerable growth in terms of value. (Shutterstock)
August 26th, 2018 - 09:48 GMT

Qatar to Increase Maritime Shipping, Trade With Iran

Turkey's Industry and Technology Minister Mustafa Varank (2nd R) attends G20 Digital Economy Ministerial Meeting in Salta, Argentina on August 24, 2018. (AA)
August 26th, 2018 - 09:22 GMT

Turkey Mulls Digital Economy to Avoid Political Interventions

The century-old Hijaz Railway is the only train transporation system in Jordan, limited mainly to phosphate transport. The government is mulling a modern freight railway system that is part of a regional, and maybe global, network. (JT)
August 26th, 2018 - 09:15 GMT

Will Railway Project See the Light in Jordan?

Move part of Kuwaitization plans. (Shutterstock)
August 26th, 2018 - 08:47 GMT

More Than 3,000 Expat Employees Terminated in Kuwait

There are 11,851 Kuwaiti citizens registered under CSC in the waiting list for employment. (Shutterstock)
August 23rd, 2018 - 06:00 GMT

Almost 12,000 Kuwaiti Citizens on Waiting List for Employment

The company will offer crypto custodial services and an exchange platform accessing large-scale global liquidity. (Shutterstock)
August 23rd, 2018 - 05:00 GMT

Crypto-Asset Business Firm to Open in UAE

The pricing of ancillary services such as brokerage, maintenance, car parking, facility management and property management may increase as such services will be subject to VAT. (Shutterstock)
August 22nd, 2018 - 06:00 GMT

VAT to Attract More Global Investors in UAE

There has been a great demand from citizens and residents for food, sweets and gifts for Eid Al Adha. (Shutterstock)
August 22nd, 2018 - 03:40 GMT

Online Home Businesses Receive Bulk Orders for Eid Al Adha in Qatar

Investor confidence in Dubai as a competitive global hub, and in its business development potential, remained robust through the month of July. (Shutterstock)
August 21st, 2018 - 06:36 GMT

Investor Confidence in Dubai Remains Positive in July

Despite reaching such a phase of investigation over the past few weeks, the case file will still be open for a later investigational phase if the commission receives any new information, according to the source. (Shutterstock)
August 21st, 2018 - 04:00 GMT

Illegal Practices by Employees in Tobacco Case Revealed in Jordan

UAE's cooperation ties with New Zealand have borne fruit over the past period. (Shutterstock)
August 20th, 2018 - 10:34 GMT

UAE Explores Sustainable Food Solutions in New Zealand

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