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Main headlines latest

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 UAE's economy is the second largest in the Arab world, behind Saudi Arabia
March 11th, 2013 - 08:13 GMT

UAE maintains position as second largest Arab economy

Egypt has fallen to the lowest rank out of safety and security, a new survey reveals
March 11th, 2013 - 03:00 GMT

Last place for Egypt in safety and security league table

Inflation in Egypt jumped in February, new statistics show
March 10th, 2013 - 12:18 GMT

Inflation jumps in Egypt

Qatar’s sovereign wealth fund is attracting former French president Nicolas Sarkozy into the private equity game
March 10th, 2013 - 11:37 GMT

Qatar sovereign wealth fund wooing French investors

Jordan spend $410 a year on subsidizing wheat and flour for bread, according to a government minister
March 10th, 2013 - 10:50 GMT

Wheat subsidies cost Jordan $410m a year

Public sector workers are gearing up for another rally over a proposed pay increase
March 10th, 2013 - 10:21 GMT

Public sector workers in Lebanon gear up for more protests

Gulf Air is to hire all of Bahrain Air's pilots, despite restructuring plans
March 10th, 2013 - 09:59 GMT

Gulf Air recruits sacked Bahraini pilots

Saudi Arabia’s HSBC Purchasing Managers Index (PMI) for February tops the charts, a senior economist said.
March 10th, 2013 - 08:42 GMT

Saudi's HSBC PMI chart is top in the region

The twin towers are expected to be finished in 2016
March 10th, 2013 - 08:20 GMT

$218m twin towers contract awarded

Iran is to lose India as a key oil buyer, in a blow to the Islamic Republic's economy
March 10th, 2013 - 07:55 GMT

Iran loses India as key oil buyer

Taxes on shisha tobacco will rise from 50% to 150% (Photo Getty)
March 10th, 2013 - 06:56 GMT

Egypt raises sales tax on 6 goods

Lebanon's tourism industry's  contribution to the Lebanese economy would reach $4.1 billion in 2013, new figures show
March 10th, 2013 - 03:23 GMT

Tourism revenues creeping up in Lebanon

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