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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 IMF is in Cairo for crucial talks over a $4.8 billion loan (File Photo)
March 17th, 2013 - 11:47 GMT

IMF in Cairo for crucial talks

Employees in Bahrain currently enjoy 30 working days holiday per year
March 17th, 2013 - 11:46 GMT

Bahrain economy under strain as workers take 30 days annual leave

Jordanians protested over economic policies on Friday
March 17th, 2013 - 11:38 GMT

Protests over economic policies in Jordan

Many young people in UAE take on part-time hospitality work
March 17th, 2013 - 11:22 GMT

Exploited teens in UAE urged to get work permits

Kuwaiti authorities are said to have reached an agreement on a bail out scheme for banks in the country
March 17th, 2013 - 10:48 GMT

Kuwait to bail out banks

US Secretary of State John Kerry expressed his support for the Libyan economy
March 17th, 2013 - 09:12 GMT

US committed to supporting Libyan economy

Locusts have been spotted across Lebanon, farmers reported
March 17th, 2013 - 09:02 GMT

Locust spotted in Lebanon

Bankers applaud at a GCC summit in Bahrain
March 17th, 2013 - 08:51 GMT

Sharjah bank doles out the dividends

Protestors at Beirut airport call for higher wages (Daily Star)
March 17th, 2013 - 07:39 GMT

Beirut airport workers vow to join the strike

Egypt’s criminal court acquitted two former Mubarak-era ministers on Saturday of corruption charges
March 17th, 2013 - 03:32 GMT

Two acquitted in Egypt over Mubarak-era corruption

The Central Bank of Egypt (CBE) has announced an initiative to boost investment in Egypt's battered tourism sector.
March 14th, 2013 - 02:17 GMT

Egypt's central bank tries to bolster tourism

Civil servants in Lebanon's long running pay increase dispute have protested outside Beirut's port.
March 14th, 2013 - 01:51 GMT

Beirut port targeted by civil servants

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