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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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The banking portfolio that is being sold to DCB Bank comprises Dh355 million ($97 million) in assets and Dh601 million ($164 million) in liabilities.
September 11th, 2019 - 07:57 GMT

ADCB to Sell Majority of Its India Banking Portfolio

George Soros, Founder and Chairman of the Open Society Foundation gives a speech during Economic Forum in Brussels, Belgium on June 1, 2017.
September 11th, 2019 - 07:45 GMT

Soros: Trump Might Be Putting His Own Electoral Future Ahead of U.S. National Interests

Last month, the U.S. Commerce Department added 46 more Huawei affiliates to its blacklist due to national security concerns.
September 11th, 2019 - 07:36 GMT

Huawei Drops Lawsuit Against US Government

Apple CEO Tim Cook speaks on-stage during a product launch event at Apple's headquarters in Cupertino, California on September 10, 2019. Apple unveiled its iPhone 11 models Tuesday, touting upgraded, ultra-wide cameras as it updated its popular smartphone lineup and cut its entry price to $699.
September 11th, 2019 - 07:10 GMT

Apple Unveils Triple-Camera iPhone 11

Egypt is approaching the end of an IMF-backed economic reform program that during 2017 saw inflation rise to a high of 33%.
September 11th, 2019 - 06:47 GMT

Egypt's Inflation Rate Plummets to 7.5 Percent, Lowest in Years

The report pointed out that the structural reforms undertaken by the government.
September 11th, 2019 - 06:24 GMT

IMF Projects 2.9 Percent Non-Oil Growth in Saudi Arabia

The Sultanate’s status as a logistics hotspot and the steady growth of Duqm’s Special Economic Zone was the focus of several meetings in Yinchuan.
September 10th, 2019 - 10:48 GMT

Oman to Boost Investment Ties With China

The 702X is available to customers today.
September 10th, 2019 - 10:48 GMT

Boeing Unveils 702X Family of Satellites Offering Dynamic Bandwidth

The Saudi Arabian IPO market has seen limited activity in the last few years, however in H1, the country experienced IPOs worth $752 million spread across three offerings, its highest value since 2015.
September 10th, 2019 - 10:40 GMT

Saudi Arabia M&A Soars to $72.6 Billion in H1 2019

Ma, one of China's wealthiest and best-known entrepreneurs, gave up his post on his 55th birthday as part of a succession announced a year ago.
September 10th, 2019 - 10:05 GMT

Alibaba's Chairman Steps Down as Industry Faces Uncertainty

US government agencies have already been banned from buying equipment from Huawei.
September 10th, 2019 - 09:43 GMT

Chinese Professor Sued in US for ‘Aiding Huawei’

The US Silicon Valley major not only fears losing a key client, as Huawei buys Microsoft software for its laptops, but also to lose its grip on the global technology market if the US proceeds with restrictions.
September 10th, 2019 - 09:43 GMT

Microsoft: Trump’s 'Unfair' Treatment of Huawei May Harm US Companies

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