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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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Many Lebanese bank in Cyprus are planning to either shut down or reduce their operations on the island
March 31st, 2013 - 08:47 GMT

Lebanese banks planning Cypriot pull-out

An Iraqi official has confirmed Baghdad  rejected a request from Egypt for a $4 billion bond to be deposited in Egypt’s central bank
March 31st, 2013 - 08:21 GMT

Baghdad rejects Egyptian financing request

Egypt’s vital waterway Suez Canal hit a 7.4 percent slump in monthly revenues.
March 31st, 2013 - 03:30 GMT

Suez Canal revenues fall

Construction site
March 28th, 2013 - 01:56 GMT

Bahrain bungles housing project

The UAE Central Bank has agreed to cap mortgages at levels recommended by the UAE Banks Federation.
March 28th, 2013 - 12:29 GMT

UAE mortgage rules agreed

Lebanon's financial markets have responded relatively well to the news of the government's resignation
March 28th, 2013 - 11:50 GMT

Lebanese markets looking resilient following PM's resignation

Libya is to provide Egypt with 900,000 barrels of oil a month from Libya starting in April
March 28th, 2013 - 10:08 GMT

Egypt set to import Libyan oil

Egyptian security forces have caught a saboteur that damaged a cable disrupting internet services
March 28th, 2013 - 09:22 GMT

Egypt's internet saboteur caught - Telecom Egypt CEO

Libya is reportedly set to spend $4.7 billion on upgrading its military  (MAHMUD TURKIA / AFP)
March 28th, 2013 - 09:09 GMT

Libya to spend $4.7 billion upgrading military

One of the largest ever cyber-attacks is still lowing the internet and could get worse, experts warn
March 28th, 2013 - 08:52 GMT

Global internet attack slowing internet could get worse

Farmers in Lebanon have urged authorities to allow trucks to cross the Syrian border
March 28th, 2013 - 08:35 GMT

Farmers urge authorities to allow Lebanese trucks to cross Syrian border

Jordan's Cabinet agreed on Wednesday to boost capital for the Central Bank to $68 million.
March 28th, 2013 - 07:05 GMT

Jordan's Central Bank increases capital

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