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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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Dubai is set to be the home of Paramount's first venture into the hotel and real estate industry.
March 7th, 2013 - 02:12 GMT

Paramount to make the Godfather of hotels in Dubai?

The International Red Cross has helped transport the first shipment of apples from the Golan Heights to Syria
March 7th, 2013 - 01:44 GMT

Red Cross transports Golan apples to Syria

Middle East stock markets had a relatively healthy day on Wednesday, despite loses in the UAE.
March 7th, 2013 - 12:12 GMT

Regional stock markets looking healthy

Emirates airline is planning another sukuk sale, its second this year
March 7th, 2013 - 11:50 GMT

Emirates airline getting a taste for sukuk

Trade unions in Lebanon have warned the country's Prime Minister, Najib Mikati, that delays in pay rises are hurting the economy
March 7th, 2013 - 11:03 GMT

Lebanese unions warn wage increase delays harming economy - unions

Delays to the Egyptian election process could delay a long-awaited $4.8 billion loan from the IMF, an economists has warned
March 7th, 2013 - 09:06 GMT

Egypt's election delay could harm IMF loan

Europeans accounted for 40 per cent of hotel occupancy in Palestine, new figures show
March 7th, 2013 - 08:47 GMT

Europeans make up 40 per cent of Palestinian visitors

Jordan has said that no locusts have been spotted so far int he country
March 7th, 2013 - 08:14 GMT

No locusts in Jordan - agricultural ministry

The US spent $60 billion on unsuccessful reconstruction projects in Iraq following the 2003 invasion, a report reveals
March 7th, 2013 - 07:34 GMT

US spent $60 billion on unsuccessful Iraqi reconstruction

Egyptian steel tycoon Ahmed Ezz has been jailed for 37 years and fined for illegally acquiring shares.
March 7th, 2013 - 03:05 GMT

Egyptian steel tycoon jailed

A new report reveals that many in Jordan are not being paid the minimum wage
March 6th, 2013 - 11:44 GMT

Significant numbers not paid minimum wage in Jordan

Mubarak could soon be joined by his sons, who face corruption charges
March 6th, 2013 - 11:43 GMT

Fresh corruption charges against Mubarak & sons

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