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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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Global oil demand growth for 2019 was lowered by 20,000 barrels per day (bpd) to 1.4 million bpd while non-OPEC oil supply in 2019 was revised up by 30,000 bpd to 2.13 million bpd. (Shutterstock)
August 14th, 2018 - 09:50 GMT

OPEC Report: Lower Oil Demand in 2019

Enoc has asked residents to not respond to such fake emails and immediately contact them to check the authenticity of the communication. (Shutterstock)
August 14th, 2018 - 09:45 GMT

Avoid This New Scam in UAE

The sharp rise in the price of gold seen in the past few days off the back of the Turkish lira crisis. (Shutterstock)
August 14th, 2018 - 09:18 GMT

Investors Shift to Gold Due to Turkish Lira Plummet

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai. (Shutterstock)
August 14th, 2018 - 09:09 GMT

UAE Issues New Decrees Supporting People With Disabilities

Telecom Egypt is 80 percent state-owned, with the remainder of its shares listed on the Egyptian and London stock exchanges. (AFP)
August 14th, 2018 - 08:55 GMT

UAE Banks to Lend $500 Million to Telecom Egypt

The technology is most often associated with cryptocurrencies – like bitcoin – which often raise suspicion about their reliability and volatility, as well as their use for criminal purposes. (Shutterstock)
August 14th, 2018 - 08:54 GMT

World Bank to Sell World’s First Blockchain-Based Bonds

Oman recently launched a National Summary Data Page (NSDP), becoming one of the first GCC countries to implement the IMF’s recommendations of e-GDDS. (Shutterstock)
August 14th, 2018 - 08:22 GMT

Oman Leads GCC Countries As It Implements the IMF’s eGDDS Recommendations

Banks' liquidity needs will be provided by the Central Bank of the Republic of Turkey (CBRT), the bank has announced. (Shutterstock)
August 14th, 2018 - 08:17 GMT

Turkey Central Bank Changes Regulations to Support Banks

The Treasury Undersecretariat reported that 1.72 billion Turkish liras in two-year fixed coupon government bonds were sold in an auction. (Shutterstock)
August 14th, 2018 - 07:55 GMT

Turkish Treasury Borrows $470 Million From Domestic Markets

Saudi Arabia has pledged to provide $60 million per month to support power plants in Yemen. (Shutterstock)
August 14th, 2018 - 07:48 GMT

Saudi Arabia Pledges $60 Million per Month to Support Power Plants in Yemen

Iraqi Prime Minister Haider Al-Abadi. (AFP)
August 14th, 2018 - 07:43 GMT

Iraq Will Not Abide With Full Scope of US Sanctions Against Iran

Several analysts have said going-private would make sense for Tesla but expressed skepticism about the company's ability to raise the required funds. (Shutterstock)
August 14th, 2018 - 07:05 GMT

Musk Confirms the Rumors, Saudi Arabia Supports Tesla Buyout

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