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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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One of Emarat's stations in UAE
May 7th, 2013 - 12:34 GMT

Oil giant to pull out from Dubai and focus on other Emirates

A photo of an old train in Egypt
May 7th, 2013 - 10:03 GMT

Kuwait to pour $250 million into Egypt's railway system

The tourist expenditure in the retail sector remained the highest with a $1.4 billion
May 7th, 2013 - 09:41 GMT

Tourists gave Emiratis around $4.7bn in 2012

Qatar Airways' inaugural passenger flight to Chicago is welcomed by a traditional water salute at Chicago O'Hare Airport on April 10, 2013 in Chicago, Illinois.
May 7th, 2013 - 05:13 GMT

Qatar Airways enters Saudi market, orders 10 new planes before June

Not content with a Ferrari FF or Lamborghini Aventador, Dubai Police now use a rare Aston Martin One-77.
May 7th, 2013 - 04:30 GMT

Dubai's bling culture for cop cars: Lamborghinis, Mercs, Ferraris and now rare Aston Martin

Bahrain Electricity and Water Authority during a press conference announcing the launch of the project
May 6th, 2013 - 12:45 GMT

Bahrain launch radical, smarter IT transformation project

Dubai World Central
May 6th, 2013 - 12:00 GMT

Dubai World Central scores Dh22 billion in investments

An illustration of the 747-8 Freighter from Boeing
May 6th, 2013 - 11:36 GMT

Emirates flag carrier to boast Boeing 747-8 Freighter

Emile Habib of Gulf Related with Yasir Abu Sulayman of NCB and senior executives.
May 6th, 2013 - 10:55 GMT

450 million Saudi riyals deal to further enhance Riyadh real estate

Sheikh Mohammed Al Maktoum looks on during Super Saturday at Meydan Racecourse on March 9, 2013 in Dubai, United Arab Emirates.
May 6th, 2013 - 10:19 GMT

Dubai gov't repays 3.3 billion dirhams bond on maturity, sending shares to three-year high

A branch of Emirates Islamic Bank
May 6th, 2013 - 09:52 GMT

Emirati bank unveils a whopping 101% profit jump in first quarter

The ministry is expecting a big increase in tourism with major drivers
May 6th, 2013 - 09:49 GMT

Oman's Ministry of Tourism launches charm-campaign to reel in Saudi tourists

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