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Venezuela banks $300M from first U.S. brokered oil sale
January 21st, 2026 - 10:03 GMT
Dr. Mansour Al-Maswari

Mansour Al-Maswari

Venezuela banks $300M from first U.S. brokered oil sale

ALBAWABA- Venezuela has received $300 million in oil revenue from a U.S. facilitated crude sale, interim president Delcy Rodríguez announced on Tuesday, marking the first funds to flow under an oil agreement arranged after the kidnapping of President Nicolás Maduro earlier this month. Rodríguez said the funds, part of an expected $500 million in proceeds from U.S. sales of Venezuelan crude, will be channeled into the foreign exchange market through national ...
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Aramco came under Yemen’s biggest retaliatory attacks ever on Sept. 11, as a result of which Saudi Arabia lost half of its production capacity.
October 9th, 2019 - 07:38 GMT

Fitch Downgrades Saudi Aramco After Cutting Down the Kingdom's Debt Rating

For the global economy, the cumulative effect of trade conflicts could mean a loss of around $700 billion by 2020, or about 0.8 percent of GDP.
October 9th, 2019 - 07:22 GMT

IMF: Global Economy Set to See Its Slowest Growth in Nearly a Decade

Economic growth slowed to an annual rate of 1.94 percent in the three months to the end of June, the second quarter in a row of decline.
October 9th, 2019 - 07:22 GMT

Nigeria: President Presents Record $33.8 Billion Budget for 2020

The Gulf countries agreed the aid package soon after former President Omar al-Bashir was ousted in April.
October 9th, 2019 - 07:13 GMT

Sudan Receives $1.5 Billion Aid From Saudi Arabia and UAE

The 15 technologies we highlight in this report could represent a $48 billion market opportunity by 2025.
October 9th, 2019 - 06:28 GMT

15 Progressive Technologies to Transform Our Lives

The Global Competitiveness Report is a flagship publication of the World Economic Forum’s Platform for Shaping the Future of the New Economy and Society.
October 9th, 2019 - 06:17 GMT

UAE Leads the Arab World in Global Competitiveness Report 2019

The announcement comes amid a visit to Abu Dhabi by Lebanese Prime Minister Saad Hariri.
October 8th, 2019 - 11:19 GMT

UAE Lifts Travel Ban to Lebanon

Apple has launched Apple Pay, Apple credit card, Apple TV and Apple TV+, so it seems big tech believes that building ecosystems is the future.
October 8th, 2019 - 11:18 GMT

What Do Tech Brands Achieve from Building Ecosystems?

Unlike cable-based services, 5G will eventually give operators low entry costs and the ability to serve highly dense urban environments that have traditionally suffered from poor connectivity.
October 8th, 2019 - 11:17 GMT

The Reasons Behind Full 5G Rollout Delays in Bahrain

Bahrain continued to achieve a balanced growth across its diversified economy; achieving economic growth in the second quarter of 2019 supported by the growth in the non-oil sectors.
October 8th, 2019 - 11:15 GMT

Bahrain's Economy Records 0.84% Growth in Q2 2019

In its report, the rating agency projected Morocco's real GDP growth to be about 2.8 percent this year.
October 8th, 2019 - 10:53 GMT

S&P’s: Morocco's Rating Outlook Changed from Negative to Stable

The index examines 66 markets across the world and has determined each market’s potential for trade growth over the past 10 years.
October 8th, 2019 - 10:31 GMT

Oman Ranked First in the Middle East in Global Trade Key Index

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