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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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Image of aeroplane flying used for illustrative purpose
April 2nd, 2013 - 02:03 GMT

New safety law for Bahrain airline industry

A crackdown on piracy in Jordan yielded strong results for the National Library Department
April 2nd, 2013 - 01:28 GMT

Piracy crackdown in Jordan yields results

Iran and Egypt are at odds over where Iranian tourists can visit
April 2nd, 2013 - 12:40 GMT

Sparks fly over Iranian tourists in Egypt

Qatar is one of the few countries in the Gulf where power generation has grown considerably in the last decade, according to a new report.
April 2nd, 2013 - 12:13 GMT

Qatar keeps the lights on

Egypt is in negotiations with the Arab Monetary Fund, according to the country's finance minister
April 2nd, 2013 - 10:23 GMT

Egypt negotiating with Arab Monetary Fund

Mobile phone use in Jordan is booming, but the industry is not yet at saturation point, experts claim
April 2nd, 2013 - 08:26 GMT

More room to grow for mobile phone use in Jordan

Egypt is trying to lower the number of imports and increase domestic production
April 2nd, 2013 - 08:14 GMT

Egypt expecting lower wheat imports

Yemen has announced five new oil fields for international investment
April 2nd, 2013 - 07:37 GMT

Yemen offers oil fields for international investment

The Free Syrian Army controls more than 70 per cent of oil in the north of the country, according to reports
April 2nd, 2013 - 06:38 GMT

Syrian opposition control 70 per cent of oil wells

The first official tour group from Iran in decades arrived in Upper Egypt on Sunday amid tight security. (FIle Photo)
April 2nd, 2013 - 02:26 GMT

Iranian tourists arrive in Egypt

Egypt is to dramatically increase the cost of cooking gas cylinders ahead of a vist by the IMF (Abid Katib / Getty Images)
April 1st, 2013 - 01:46 GMT

Big rise in cooking gas prices in Egypt

Tunisia is to sign a $1.8 billion loan agreement with the IMF by May
April 1st, 2013 - 11:40 GMT

Tunisia to sign $1.8 billion loan with IMF by May

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