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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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Google was set to launch a music subscription service
May 16th, 2013 - 10:40 GMT

Google shares up to a new all-time high at $900 a piece

(Getty Images)
May 16th, 2013 - 10:12 GMT

4G arrives to Lebanon, few devices support it

"The recovery in the economy is solid, the expectation is around 4 per cent"
May 16th, 2013 - 09:16 GMT

Dubai, Abu Dhabi markets inch upwards, reach a 3-year high

DSI has bid for mechanical works at Abu Dhabi’s midfield airport terminal project
May 16th, 2013 - 04:40 GMT

Dubai construction company order book tops $2.72 billion - CEO

Saudi Arabia has resorted to strong fiscal stimulus measures
May 15th, 2013 - 12:57 GMT

Saudi real GDP to increase by 4.4% this year

Bank Muscat
May 15th, 2013 - 11:51 GMT

Bank Muscat concludes $20m private placement with IFC

 UAE researchers discover biodiesel to run motor engines
May 15th, 2013 - 09:31 GMT

Biodiesel can fuel motor engines - UAE researchers discover

The group’s net production averaged 61,400 barrels of oil
May 15th, 2013 - 09:27 GMT

Dana Gas reports Q1 net profit inches up to $66 million

Premium growth was largely in the medical insurance business in UAE
May 15th, 2013 - 12:23 GMT

Omani investment company triples Q1 net profit

Central Bank of Oman
May 14th, 2013 - 12:16 GMT

Oman central bank renews call for supporting SMEs

Kuwaiti Parliament (Getty/AFP)
May 14th, 2013 - 10:53 GMT

Political instability halts development projects in Kuwait

Institute of International Finance (file photo)
May 14th, 2013 - 09:46 GMT

Projected UAE growth revised downward by 1.2 per cent - financial expert

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