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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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There are problems and challenges facing Bahrain in economic affairs. It is not a private Bahraini case, and there are wise people inside Bahrain who are capable of solving it because it is not the first challenge they face. (Shutterstock)
August 20th, 2018 - 09:48 GMT

Is Bahrain's Economy in Crisis or Is It Just Fake News?

AI is seen by many as being either a hero or a villain. (Shutterstock)
August 20th, 2018 - 09:42 GMT

The Impact of AI on UAE Job Market

Though the US has limited exposure to Turkey, the recent volatility was spread to other parts of the world, especially emerging markets, and could heighten worries on US trade relations with major partners. (Shutterstock)
August 20th, 2018 - 09:30 GMT

How Turkey's Turmoil Is Impacting the Currency Market

The UAE is the only country in the world that has made humanitarian action an integral part of its foreign policy, as it considers humanitarianism a pillar of citizenship. (Shutterstock)
August 20th, 2018 - 09:06 GMT

Humanitarian Action Integral Part of UAE Foreign Policy

Walid El-Hindi, CEO of the Abu Dhabi-based firm, said cryptocurrencies could be introduced as part of consumers’ payment plans. (Shutterstock)
August 20th, 2018 - 08:56 GMT

UAE Real Estate Developer to Offer Crypto Payments Feature

Only a tiny percentage of people surveyed said they would be prepared to ‘switch off’ completely by going offline for the duration of their break. (Shutterstock)
August 20th, 2018 - 08:51 GMT

Middle East Travelers: No Wi-Fi, No Stay

This handout photo taken and released by the Turkish presidential press service on August 15, 2018 shows Turkey's President Recep Tayyip Erdogan (R) and the Emir of Qatar Sheikh Tamim bin Hamad Al-Thani shaking hands prior to their talks in Ankara. (AFP)
August 20th, 2018 - 08:37 GMT

Currency Swap Agreement Between Qatar and Turkey

The plan is to lay off 3,000 expatriates working for the government sector in the new financial year, as it is difficult to lay off all expatriates working in the government at once. (Shutterstock)
August 20th, 2018 - 08:27 GMT

Will Kuwaitis Be Able to Replace 3,000 Expats?

Abu Dhabi's index fell 0.5 per cent in thin trade. (Shutterstock)
August 20th, 2018 - 08:13 GMT

The Effects of Turkey's Crisis on UAE Stock Market

According to the Dubai Health Authority, medical tourism generated more than $381 million for the emirate in 2016. (Shutterstock)
August 20th, 2018 - 07:44 GMT

UAE Rises to the Top 20 Medical Tourism Destinations Worldwide

The organization seeks to promote creativity in all its forms throughout the world by stimulating and supporting creators who seek to promote the good in their communities. (SPA)
August 19th, 2018 - 11:28 GMT

14 Saudi Innovative Women Present Community Development Projects in US

The cryptocurrency exchange firm reassure its users that the recent developments will not impact its operations and its platform is still open to customers. (Shutterstock)
August 19th, 2018 - 11:26 GMT

BitOasis to Develop Regulatory Frameworks Across the GCC

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