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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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Many countries now tend to do trade exchanges with Iran in their local currencies in order to prevent US from supervising and monitoring their trade and business trade activities.
September 26th, 2019 - 08:40 GMT

Iran Sidelines USD Transactions with Russia, Turkey

The economic slowdown is being felt across sectors including real estate, agriculture, automobile, manufacturing, and financial services.
September 26th, 2019 - 08:02 GMT

India's Economy Faces Further Deterioration

 Yi Li, Yu Hua Mao, Luqian Shen, Bin Xu and Yazhou Xu were placed on the Specially Designated Nationals (SDN) list.
September 26th, 2019 - 07:45 GMT

US Imposes Sanctions on Chinese Nationals, Entities Related to Iran

Though tax revenues went down last year, the government has no intention of imposing more taxes or increasing exiting ones.
September 26th, 2019 - 07:29 GMT

No New Taxes to Be Levied in Jordan

The trade agreement between Jordan and Turkey was ongoing for eight years from 2011 to 2018, until Jordan decided to suspend the agreement because of “unfair competition”.
September 26th, 2019 - 07:01 GMT

Turkish Clothes' Prices to Soar 20 Percent in Jordan

Cape Town.
September 26th, 2019 - 06:38 GMT

Travel, Tourism Sector Contributes $194.2 Billion to Africa's Economy

The government body had predicted that the declining trend would continue in the next months.
September 25th, 2019 - 01:00 GMT

Iran’s Economy on the Rise, Inflation in Decline Despite US Sanctions

Shale gas has had a major impact on energy prices around the world.
September 25th, 2019 - 12:30 GMT

The Impact of the Shale Gas Industry on the US

Courtesy Rashi Chowdhary
September 25th, 2019 - 12:16 GMT

Meet Rashi Chowdhary, the Creator of Healthy Truffles

Weakening confidence could erode consumer spending, which has been a primary engine of the US economy, which would weaken GDP growth.
September 25th, 2019 - 12:00 GMT

Survey: US-China Trade War Disrupt US Consumer Confidence

The enduring challenge for China, however, is how to wean the country off its debt drip without intensifying an economic slowdown
September 25th, 2019 - 11:30 GMT

Why Is a Slowing China Economy a Global Concern?

Only firms with a higher or equal number of Saudi employees versus expats were eligible under the scheme.
September 25th, 2019 - 11:00 GMT

Saudi Arabia Waives Fees on Expats in Industrial Sector

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