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Gustavo Petro
October 31st, 2025 - 08:04 GMT
Osama Ali

Osama Ali

Petro's Pay and accounts frozen as US sanctions deepen diplomatic rift with Colombia

ALBAWABA - According to comments made by his lawyer to Agence France-Presse (AFP) on Thursday, Colombian President Gustavo Petro is having trouble getting his salary since the United States put sanctions on him, his family, and high-ranking officials in his administration. The administration of former U.S. President Donald Trump recently announced sanctions against Petro, his wife, one of his sons, and Interior Minister Luis Fernando Velasco. They say these people ...
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Bahrain put the size of its newest offshore discovery at 80 billion barrels, noting production could begin within the next five years. (File photo)
April 5th, 2018 - 11:00 GMT

Bahrain Estimates New Oil Discovery Has 80 Billion Barrels

Tourism receipts in Tunisia edged up by 23 percent by the end of March. (File photo)
April 5th, 2018 - 10:00 GMT

Tunisia Sees 23 Percent More Tourists in March, Revenues Hit $187 Million

UAE licences were previously only usable for driving and car hire in nine countries. (File photo)
April 5th, 2018 - 09:00 GMT

UAE Driving License Now Accepted in 50 Countries

The new theme park is expected to open in 2022 as part of the 334-square-kilometre Qiddiya ‘entertainment city’ south of Riyadh. (Shutterstock)
April 5th, 2018 - 07:58 GMT

Saudi Arabia Signs Theme Park Deal With US-Based Six Flags

Bahrain has been among the hardest hit of the Gulf economies during the recent period of low oil prices. (Shutterstock)
April 5th, 2018 - 07:51 GMT

Bahrain’s Labor Force Shrinks in 2017, First Time in 5 Years

The laws of Economics are mutable. Is it time to start questioning them? (Shutterstock)
April 4th, 2018 - 01:58 GMT

It's Time to Start Questioning the 5 'Economic Policy Commandments'

Venture capitalists and investors are funding more startups in e-commerce, fintech, food and beverage, logistics and transport to cash in on the growing popularity of the startup ecosystem. (Shutterstock)
April 4th, 2018 - 11:00 GMT

UAE Startups Lead MENA Region in Investment, at 70 Percent

The total value of apartments that were built since 2015 to date and have not been sold yet is estimated at JD1 billion. (Shutterstock)
April 4th, 2018 - 10:25 GMT

Jordan: Unsold Apartments Since 2015 Valued at JD1 Billion

As per the law, most financial services are VAT exempt in the UAE. (Shutterstock)
April 4th, 2018 - 08:22 GMT

UAE Banks May Hike Fees to Offset Additional VAT Costs in 2018

The Saudi Commission for Tourism and National Heritage has completed tourist visa regulations. (Shutterstock)
April 4th, 2018 - 07:07 GMT

Saudi Arabia Announces Completion of ‘Tourist Visa’ Rules

Prime residential properties in Dubai are more economical than New York, London, Hong Kong, Paris, Geneva, Tokyo and Mumbai, among others.
April 4th, 2018 - 06:34 GMT

Dubai's Prime Property Prices More Affordable Than Global Peers: Report

FDI to developing economies remained stable, at an estimated $653 billion, 2 percent more than the previous year. (Shutterstock)
April 3rd, 2018 - 12:00 GMT

Despite Challenges, Global FDI Hits $1.52 Trillion in 2017

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