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Main headlines

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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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Turkey will transfer the remaining US$1 billion of a $2 billion loan to Egypt in two months, according to sources
April 18th, 2013 - 11:31 GMT

Turkey to finalise payments to Egypt in two months

Paying back debts is hurting Egypt's' debt
April 18th, 2013 - 10:11 GMT

Debt repayments hurting Egypt's economy

Lebanon is set to crackdown on smuggled handsets in the country
April 18th, 2013 - 08:56 GMT

Lebanese officials begin crackdown on illegal mobile phones

France is hoping to win big with Saudi Arabia's nuclear contracts
April 18th, 2013 - 07:37 GMT

France hoping to win big with Saudi nuclear contracts

Jordan has received six bids for its first ever oil shale plant
April 18th, 2013 - 06:20 GMT

Jordan receives six bids for first oil shale plant

Egypt’s poor need to be compensated in cash transfers for the removal of subsidies, the IMF has said
April 18th, 2013 - 02:47 GMT

Egypt's poor need cash replacement for subsidies - IMF

 Kurdistan is set to export oil to the world via Turkey, in a move that will provoke Baghdad.
April 17th, 2013 - 12:08 GMT

Kurdistan to export oil via Turkey

A delegation from Egypt is heading to Cairo for the semi-annual meetings with the IMF and World Bank
April 17th, 2013 - 11:34 GMT

Egyptian delegation head to Washington for IMF and World Bank talks

The six GCC member states are planning stricter migrant worker rules
April 17th, 2013 - 11:12 GMT

GCC to curb migrant workers

Lebanese with savings in Cyprus are being urged to move their money back home (Getty)
April 17th, 2013 - 09:25 GMT

Cypriot banks withdraw restrictions as Lebanese urged to deposit in banks at home

Inflation on the rise in Saudi Arabia
April 17th, 2013 - 08:23 GMT

Inflation rises in Saudi Arabia

As protests continue in the run up to the Formula One, new figures show that the event has generated $1.3 billion for Bahrain (MOHAMMED AL-SHAIKH / AFP)
April 17th, 2013 - 08:01 GMT

Despite protests, Formula One a big earner for Bahrain

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