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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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445,000 Egyptians work in the Kuwaiti private sector. (AFP)
August 9th, 2018 - 08:52 GMT

More Than 60 Percent of Egyptians in Kuwait Work in Private Sector

The IMF encourages Egypt to continue its plan to raise energy prices. (Shutterstock)
August 9th, 2018 - 08:43 GMT

IMF: Egypt's Economy to Improve in 2021

Iran will stand firm against threats by the US over oil shipments. (Shutterstock)
August 9th, 2018 - 08:35 GMT

Iran to Continue Oil Exports Regardless of US Threats

Saudi citizens will be able to access cheaper and more accessible mortgages at fixed rates under an initiative launched Wednesday by the Saudi Real Estate Refinance Company. (Shutterstock)
August 9th, 2018 - 08:28 GMT

Accessible Mortgages to Stimulate Property Ownership in Saudi Arabia

The first agreement, worth $13.8 million, will be dedicated to improving Zara-Maeen Water Treatment Plant’s supply system and reduce operational and maintenance costs. (Shutterstock)
August 9th, 2018 - 08:03 GMT

$166 Million Agreement Between Jordan,US to Rehabilitate Water Network

Oil revenues jumped by 82 percent compared to a year earlier to reach SR184.165 billion. (Shutterstock)
August 9th, 2018 - 07:48 GMT

Budget Deficit Falls by 84 Percent in Saudi Arabia


It is expected that the new reforms will be focused on those professions and industries that meet the UAE's strategic needs. (Shutterstock)
August 9th, 2018 - 07:41 GMT

The Effects of the Visa Reforms on UAE's Economy

Kingdom’s petroleum supplies are not to be impacted by political considerations. (Shutterstock)
August 9th, 2018 - 07:32 GMT

Saudi Oil Supplies Will Not Be Affected by Saudi-Canada Conflict

According to a report by Daily News Egypt, the length of the residency offered will be tied to the cost of the property, with five years being the maximum length offered. (Shutterstock)
August 8th, 2018 - 12:35 GMT

Buy a Property in Egypt and Get a Residency Visa

Customer deposits grew by $4.7 billion in the first half of this year, in line with average first half growth of the previous five years, to reach $173.3 billion at the end of June.(Shutterstock)
August 8th, 2018 - 12:19 GMT

Report: Deposits in Lebanese Banks Exceed $170 Billion

The diplomatic row with Canada is a concern for Canadian companies seeking work in the Kingdom such as GDLS, maker of the LAV 111 armored vehicle. (AN)
August 8th, 2018 - 11:22 GMT

Canadian Companies in Saudi Arabia Left in Uncertainty

The Sharjah Airport Authority (SAA) has announced that it expects more than 1.1 million passengers on both scheduled and non-scheduled flights this August. (Shutterstock)
August 8th, 2018 - 08:41 GMT

This UAE Airport Expects More Than 1 Million Passengers in August

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