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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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Etisalat Group’s financial performance of the first half of this year showcased its ability to innovate and lead in the telecom and digital services arena. (File/ Photo)
July 25th, 2018 - 09:59 GMT

Etisalat UAE Reports $1.17 Billion Net Profit in H1'18

Since 2004, the EU has financed the construction of 10 solid-waste treatment facilities in Lebanon. (Shutterstock)
July 25th, 2018 - 09:45 GMT

EU, UN Face Backlash for Proposed Solutions on Waste Management in Lebanon

A number of 13 new technologies have been produced in pharmaceutical field in less than a year. (shutterstock)
July 25th, 2018 - 09:31 GMT

Iran Introduces 13 New Technologies in Pharmaceutical Industry

Cairo attracted foreign investments worth $13.7 billion. (Shutterstock)
July 25th, 2018 - 09:22 GMT

Egypt Leads in Attracting Foreign Investments Across Africa

The investments are distributed in 42 countries, with the UAE hosting the largest share. (Shutterstock)
July 25th, 2018 - 08:26 GMT

Jordanian Expats' Investments Worth $7.2 Billion

The new rule leaves expat families facing a difficult choice. (GDN)
July 25th, 2018 - 08:07 GMT

Expats Urge Bahrain to Reconsider Minimum Wage Rule for Dependent Visas

In the Middle East, personal wealth rose by 11 per cent to Dh13.96 trillion ($3.8 trillion) in 2017. (Shutterstock)
July 25th, 2018 - 06:53 GMT

Report: Private Wealth in UAE to Reach Dh2.16 Trillion by 2022

Smart Crowd is a digital crowdfunding platform that pools capital among a group of people to collectively own a property. (Shutterstock)
July 25th, 2018 - 05:59 GMT

Smart Crowd: Have Your Own Property in Dubai for as Little as Dh5,000

Cryptocurrencies overall were also higher. The coin market cap of total market capitalization was at $300 billion at the time of writing compared to $288 billion on Monday. (Shutterstock)
July 24th, 2018 - 07:30 GMT

Bitcoin Rises Above $8,000 for First Time Since May

This is due to US withdrawal from the Iran nuclear deal and US President Donald Trump’s determination to bring Iran’s oil exports to a standstill. (Pexels)
July 24th, 2018 - 11:52 GMT

Crude Oil Markets to Face Fluctuating Prices

As of April, more than 800,000 had left the country since late 2016. (AFP)
July 24th, 2018 - 10:50 GMT

Saudi Economy Suffers from Foreign Workers Exodus

The total number of foreigners in the Saudi labor market declined by around 796,000 since the start of 2017.  (AFP/Karim Jaafar)
July 24th, 2018 - 10:36 GMT

Expats Exodus Shakes the Saudi Construction Sector

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