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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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From August to October, the Treasury will repay 13.8 billion Turkish liras ($2.8 billion) of external debts, including 6 billion liras ($1.2 billion) interest payment. (Shutterstock)
August 1st, 2018 - 10:38 GMT

Turkey to Repay $7 Billion Debt in the Coming Three Months

Jordanian engineers will have a major role in the reconstruction of neighbouring Iraq. (Shutterstock)
August 1st, 2018 - 09:48 GMT

Jordanian Engineers to Reconstruct Iraq

The construction of the Bus Rapid Transit should be done by late 2020. (The Jordan Times)
August 1st, 2018 - 09:40 GMT

Bus Rapid Transit in Jordan to Operate in 2020

e-recruitment in the Kingdom of Saudi Arabia’s IT and Telecom sector recorded a substantial increase of 29 percent from June 2017. (Shutterstock)
August 1st, 2018 - 07:28 GMT

Report: Saudi IT & Telecom Sector Records 29 Percent Increase in Hiring

A Dh1 million fine will also be incurred by developers for late projects. (Shutterstock)
August 1st, 2018 - 07:20 GMT

Real Estate Developers in Abu Dhabi to Face up to Dh1 Million Fine

Facebook boss Mark Zuckerberg has his hands full, thanks to an array of situations coming upon his company. (Shutterstock)
August 1st, 2018 - 07:16 GMT

Is It the Right Time to Invest in Facebook Shares?

This is the third such amnesty announced by the UAE government in just over a decade. (KhT/Twitter)
August 1st, 2018 - 07:14 GMT

Illegal Expats in UAE Start Availing Amnesty

An increasing number of Western banks and fund managers are looking to expand in the Kingdom. (Shutterstock)
August 1st, 2018 - 06:29 GMT

Credit Suisse Seeks Full Banking Licence in Saudi Arabia

To date, Naqvi denies wrongdoing, and remains outside the UAE after a warrant for his arrest had been issued. (AFP)
August 1st, 2018 - 06:20 GMT

Abraaj Founder Faces New Criminal Case Over Another Bounced Cheque

Funding in Saudi Arabia was able to keep pace in Q2 2018, showing strong signs of ecosystem growth in the Kingdom’s market according to The Badir report. (Shutterstock)
August 1st, 2018 - 06:08 GMT

Startups in Saudi Arabia Raise More than $3 Million Funding in Q2'18

The dollar was trading at about 112,000 rials on the black market compared to about 90,000 last week as Iranians braced for tough times ahead. (Shutterstock)
August 1st, 2018 - 05:55 GMT

Iran Faces Economic Disaster After Its Currency Plunges

Prices had been reduced for the month of July. (Shutterstock)
August 1st, 2018 - 04:47 GMT

New Petrol Prices for August in UAE

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