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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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Turkey Finance Minister, Berat Albayrak. (AFP)
August 13th, 2018 - 07:24 GMT

New Plan to Rescue Turkey's Deteriorating Economy

Bitcoin recovered after suffering about 10% of losses last week. (Shutterstock)
August 13th, 2018 - 07:16 GMT

Bitcoin Recovers Today While Other Cryptocurrencies Slip

The UAE's economic outlook will be driven by the oil price and changes in fiscal policy. (Shutterstock)
August 13th, 2018 - 07:04 GMT

Report: GCC Enjoys a Fiscal Windfall From the Recovery in Oil Prices

Dubai ranked as the 'Most Innovative City' in the region. (Shutterstock)
August 13th, 2018 - 06:56 GMT

Report: Dubai 'Most Innovative City' in Middle East

Such virtual or cryptocurrencies that are traded through the internet, like Bitcoin and similar virtual currencies, are not approved in the Kingdom. (Shutterstock)
August 13th, 2018 - 06:49 GMT

Trading With Cryptocurrencies Not Allowed in Saudi Arabia

Performance levels remained low due to pressure from increased supply. (Shutterstock)
August 12th, 2018 - 08:20 GMT

Dubai Hotel Room Rates Decreases Due to Increase in Supply

Cryptocurrency market expected to decline further; optimism at a toned-down level. (Pixabay)
August 12th, 2018 - 08:14 GMT

Will Cryptocurrencies Keep Falling?

The surge in international oil prices helped Oman recover some portion of its nominal GDP that was lost during the contractionary period. (Shutterstock)
August 12th, 2018 - 08:02 GMT

Report: Oman Reduces Dependence on Oil to Boost Economy

Future research will combine expertise and resources to investigate handling disputes arising out of private and public blockchains. (Shutterstock)
August 12th, 2018 - 07:51 GMT

World First Blockchain Court to Be Created in Dubai

There has been a 14 per cent increase in online hiring across the UAE. (Shutterstock)
August 12th, 2018 - 07:32 GMT

Significant Job Growth Witnessed in H1'18 in UAE

Turkey exported more than 10,000 tons of ice cream to 38 countries and 3 free trade zones in four continents. (AA)
August 12th, 2018 - 07:26 GMT

Turkey Earns More Than $20 Million in Edible Ice Exports in H1'18

Turkey is facing a deepening economic crisis, as the Lira fell sharply by about 22% in Friday’s early morning trading. (Shutterstock)
August 12th, 2018 - 07:11 GMT

The Plunge of the Turkish Lira and How It Affects the Egyptian Economy

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