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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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Rents have been negatively impacted by weak demand following job losses and cuts in housing allowances leading to more vacancies. (Shutterstock)
July 24th, 2018 - 10:24 GMT

Dropping in Demand Results in 2 Percent Fall in Abu Dhabi Rents

The roll-out of long-term residency visas could be a game changer for the real estate industry. (Shutterstock)
July 24th, 2018 - 10:02 GMT

Visa Reforms in UAE to Enhance the Real Estate Market

Compared to the 2016 scores, Oman has improved on all three indices and is ranked sixth among the Arab countries and second in the Online Services Index. (Shutterstock)
July 24th, 2018 - 09:50 GMT

UN Survey: Oman Ranks Second in Arab Region in Online Services Index

The tender is the second to be issued by the ministry under the National Renewable Energy Program, a government strategy which sets out specific targets on future renewable energy production. (Shutterstock)
July 24th, 2018 - 09:33 GMT

Saudi Arabia $500 Million Wind Farm Project Receives Four Bids

Riyadh came in the 30th place in this assessment of municipal portals, which studied 7 cities in Africa, 6 in the Americas, 13 in Asia, 12 in Europe, and 2 in Oceania, with the top three leaders among them being Moscow, Cape Town and Tallinn. (Shutterstock)
July 24th, 2018 - 09:19 GMT

Riyadh Hits 30th Place in UN E-Government Survey

The grand opening of the world's largest Warner Bros. branded indoor theme park is on July 25. (File/Photo)
July 24th, 2018 - 09:13 GMT

UAE Leaders Open The Doors to $1 Billion Warner Bros. World in Abu Dhabi

Driven by rapid advancements in Internet of Things (IoT) technology, cloud computing and network connectivity, smart city projects are setting out to overcome these issues and make cities cleaner, more efficient and better coordinated. (Shutterstock)
July 23rd, 2018 - 01:04 GMT

Smart City Projects to Resolve Urban Areas' Issues

Autonomous cars need to navigate their environments independent of human input, detecting changes on the road through radars, lidars, odometry, computer vision and GPS. (Shutterstock)
July 23rd, 2018 - 12:50 GMT

Will We See Self-Driving Cars in the Market Soon?

The satellite, called Athena, is slated to blast into orbit in 2019, according to e-mails obtained from the US Federal Communications Commission (FCC) in response to a Freedom of Information Act request filed by Wired. (Shutterstock)
July 23rd, 2018 - 11:11 GMT

Ground Control to Facebook: Beam down the Internet to Earth

Outlook for GCC equities positive, with banking shares seen to gain the most. (Shutterstock)
July 23rd, 2018 - 10:50 GMT

GCC Stock Markets Expected to Soar in H2'18

In June, workers of two contracting companies staged separate protests over unpaid salaries. (Shutterstock)
July 23rd, 2018 - 10:10 GMT

Hundreds of Expats Suffer from Unpaid Wages in Bahrain

A total of 201,577 detainees were referred to concerned embassies and consulates to issue them with travel documents while 250,396 others were finalizing their flight bookings for their final departure from the country. (Pixabay)
July 23rd, 2018 - 10:02 GMT

1.5 Million Illegal Expats in Saudi Arabia Arrested Within 8 Months

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