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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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The Islamic insurance sector continues to face secular challenges around relatively concentrated and undifferentiated business models and high expense ratios. (Shutterstock)
July 23rd, 2018 - 09:54 GMT

Islamic Insurance Industry Remains Profitable Regardless of the Net Profit Plummet

The central bank said that, 85 per cent of those debts are owed to local banks, while the remaining 15 per cent are owed to financial facilities companies. (Shutterstock)
July 23rd, 2018 - 09:18 GMT

Kuwait Banks Burdened with $1.8 Billion Bad Debts for Laid off Expats

HSBC and Credit Suisse were selected based on their expertise and credentials in the investment banking industry. (Shutterstock)
July 23rd, 2018 - 09:04 GMT

HSBC,Credit Suisse Evaluates KFH Potential Merger with AUB

Trade, logistics, financial services, hospitality and tourism, real estate, construction and manufacturing now make up more than 90 percent of business activity in the Emirate. (Shutterstock)
July 23rd, 2018 - 08:59 GMT

Dubai Mulls over Investments in Egypt

This is a result of more stock entering the Sharjah market, making it more competitive. (AFP)
July 23rd, 2018 - 08:52 GMT

Rent Prices Continue to Fall in These UAE Cities

Authorities will work to extradite any people involved in case from abroad. (Shutterstock)
July 23rd, 2018 - 08:46 GMT

Travel Ban on 7 Suspects Involved in Forged Tobacco Case in Jordan

Jordan consumes 25 to 30 per cent of locally manufactured medicines, and exports 70 to 75 per cent of the products to 60 countries. (Shutterstock)
July 22nd, 2018 - 09:58 GMT

Jordan Is the Only Arab Country with Higher Pharmaceuticals Exports Than Imports

Kuwait is gearing up to allow electric cars in its roads soon. (Shutterstock)
July 22nd, 2018 - 09:49 GMT

Electric Cars to Roam Kuwait Roads Soon

Sondos Alqattan was slammed after she attacked reforms to Filipino workers' rights in Kuwait, saying workers should have no right to a day off. (Alaraby)
July 22nd, 2018 - 09:21 GMT

Kuwaiti Blogger Condemned for Her Views on Domestic Workers

Real estate prices will rise after at least 20%, as a result of the increase in fuel and electricity prices. (Shutterstock)
July 22nd, 2018 - 08:43 GMT

Expert Predicts up to 30 Percent Increase in Egypt's Real Estate

The kingdom's total crude supply to the market in June were even higher than well-head production. (Shutterstock)
July 22nd, 2018 - 08:36 GMT

Saudi Arabia to Drop Crude Oil Exports by Approximately 100,000 bpd

The King Fahd Specialist Hospital in Tabuk region is the first in the kingdom to employ a robo as a pharmacist. (SPA)
July 22nd, 2018 - 08:02 GMT

First Smart Pharmacy Run by a Robot Opens in Saudi Arabia

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