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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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The number of tourists visiting Egypt in February of this year grew 12 percent year on year
April 16th, 2013 - 02:59 GMT

Tourist numbers up in Egypt

The IMF has revised down Algerian unemployment, but youths with out work remains a big issue
April 15th, 2013 - 12:37 GMT

IMF revises Algerian unemployment down

Inflation dipped in Palestine last month, according to new statistics (Getty Images)
April 15th, 2013 - 12:27 GMT

CPI dips in Palestine

The proportion of Arab satellite channels which are privately owned has reached 73.3%, new figures reveal
April 15th, 2013 - 11:45 GMT

Private sector the big player in Middle East satellite channels

Turkey is to keep on importing Iranian oil, the country's energy minister has said
April 15th, 2013 - 11:24 GMT

Turkey to keep on importing Iranian oil

There have been no Libyan deposits at the Central Bank of Egypt
April 15th, 2013 - 08:34 GMT

No Libyan deposits in Egypt's Central Bank

New statistics from the Central Bank of jordan show remittances and tourism revenues up in the first quater of 2013
April 15th, 2013 - 08:01 GMT

Remittances and tourism income up in Jordan

Egypt's Central Bank auctioned of $600 million to cover key imports yesterday
April 15th, 2013 - 07:35 GMT

Egypt's Central Bank sells banks $600 million to cover key imports

Lebanese banks expect healthy profits in 2013
April 15th, 2013 - 07:12 GMT

Lebanese banking industry to see profit growth

The IMF meeting Egypt's opposition figures is straining relations between parliament and the Shura council
April 15th, 2013 - 02:59 GMT

IMF negotiations straining Egypt's parliament and Shura council relations

Lebanon's energy minister signed a $470 million contract on Friday for a new power plant in near Tripoli, Lebanon.
April 14th, 2013 - 01:08 GMT

Lebanon's Energy Minister signs power-plant deal

Somali piracy cost the global economy $18 billion annually, according to the World Bank (Getty)
April 14th, 2013 - 12:44 GMT

Somali pirates hurt global trade, including MENA countries - World Bank

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