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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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A proposed Islamic investment megabank is likely to be launched in 2018, according to Islamic Development Bank spokesman Abdul-Hakim Elwaer. (Courtesy of Anadolu Agency)
April 3rd, 2018 - 11:07 GMT

Turkey, Muslim Countries to Launch Islamic Megabank in 2018

Approval was issued for an Iraqi investor to obtain Jordanian nationality. (Shutterstock)
April 3rd, 2018 - 10:12 GMT

Jordan: Iraqi Investor First to Receive Citizenship Under New Law

Full year 2017 saw the announcement of 126 deals worth approximately $16.0 billion as compared to 129 deals in 2016 at a total value of $37.8 billion. (Shutterstock)
April 3rd, 2018 - 09:15 GMT

M&A Deals in Middle East Down 57 Percent in 2017: Report

Protectionism was not a tool to protect economies and will not help maintain sustainable growth. (Shutterstock)
April 3rd, 2018 - 08:49 GMT

UAE Opposed to Protectionism, Top Official Says

Gold ended 2017 up double digits, despite pressure from skyrocketing stocks and massive cryptocurrency speculation. (File photo)
April 2nd, 2018 - 11:16 GMT

Is Gold Headed to $1,500 This Spring?

On June 23, 2016, citizens of the UK voted to cut ties and leave the 28-member European economic bloc. (Shutterstock)
April 2nd, 2018 - 10:16 GMT

Brexit Countdown Begins: What's Next?

The find represents the largest discovery of oil in the Kingdom since 1932, when extraction started on Bahrain’s first oil well within the Bahrain Oil Field. (Shutterstock)
April 2nd, 2018 - 09:00 GMT

Bahrain Announces Giant Oil Discovery, Biggest Since 1932

Careem’s recent acquisition of RoundMenu, a food delivery service, is evidence that it is pushing in to new sectors. (File photo)
April 2nd, 2018 - 06:50 GMT

Keys to Diversification and Profitability in the Gulf Region: Interview With Careem

Under the Solar Power Project Plan 2030, the Kingdom expects to produce 200 gigawatts of the solar power by 2030. (Shutterstock)
April 2nd, 2018 - 06:21 GMT

Saudi Arabia Unveils Plans to Build Major Solar Power Exporter

If approved, the bill will impose a BD400 annual fee for non-Bahraini students. (Courtesy of DT News)
April 1st, 2018 - 12:07 GMT

Bahrain: New Bill to Impose School Fees on Non-Bahraini Students

The economic situation, presence of Syrian refugees and the reluctance of Lebanese citizens to take low-paid jobs has caused unemployment to reach alarming levels. (AFP)
April 1st, 2018 - 11:34 GMT

Lebanon: Unemployment at Alarming Levels Due to Syrian Refugees, Weak Economy

The project includes hotels, chalets, shops, restaurants, and water sports facilities. (File photo)
April 1st, 2018 - 11:13 GMT

Work Begins on $1.5 Billion Tourism Project in Aqaba: Jordan

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