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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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Moody’s expects profitability for the UAE’s largest lenders to remain stable into 2019, driven by higher net interest income and lower provisions. (Shutterstock)
August 19th, 2018 - 11:17 GMT

Moody's: UAE’s Top Four Banks’ Profits to Remain Stable Into 2019

Abraaj founder Arif Naqvi (AFP)
August 19th, 2018 - 11:09 GMT

AlixPartners Supervises AGHF's Separation From Abraaj Group

Iran’s railway network will be connected to the Eastern Mediterranean states. (AFP)
August 19th, 2018 - 10:48 GMT

Iran Railway Network to Be Connected to Eastern Mediterranean Countries

Neither Iran nor Turkey has multi-option strategies. They only have one-option strategies. (Shutterstock)
August 19th, 2018 - 10:20 GMT

Iran, Turkey Need More Than Desperate Measures to Face US Sanctions

Google executives have admitted that they are considering the possibility of relaunching their search engine in China after an almost decade-long absence from the country. (Shutterstock)
August 19th, 2018 - 09:16 GMT

After Decade-Long Absence, Google Mulls Relaunching in China

The GCC industrial and building automation market is projected to be worth $10.3 billion in 2023. (Shutterstock)
August 19th, 2018 - 09:10 GMT

GCC Automation Market to Exceed $10 Billion by 2023

The country will stand strong against an "attempted economic coup" amid heightened tensions with the United States. (Shutterstock)
August 19th, 2018 - 08:56 GMT

Turkey to Stand Strong Against the 'Economic Coup'

80 percent of the real estate properties in Kuwait are occupied. (Shutterstock)
August 19th, 2018 - 08:47 GMT

The Effects of Expats’ Departure on Real Estate Market in Kuwait

The sources pointed the fees for health services collected in cash from April 1 to July 31, was KD 1.352 million. (Shutterstock)
August 19th, 2018 - 08:34 GMT

Expats Pay KD41 Million as Health Fees in Kuwait

The deportation of workers came as a result of over 56,000 labour inspection visits aimed at ascertaining the extent to which employers commit to the Labour Law. (AFP)
August 19th, 2018 - 08:16 GMT

Almost 5,000 Expat Workers Deported From Jordan in 2018

"The US dollar - and consequently the dirham - has strengthened against the emerging market currencies this year and this does help in reducing the import prices. (Shutterstock)
August 19th, 2018 - 07:48 GMT

UAE Dirham Stands Strong Against Emerging Market Currencies

ConsenSys has launched a 12-week Ethereum blockchain developer programme in support of One Million Arab Coders. (Shutterstock)
August 16th, 2018 - 10:17 GMT

One Million Arab Coders Initiative Offers Blockchain Training in UAE

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