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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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As much as $16 billion have been allocated to meet the demands for basic necessities over the past six months.
September 10th, 2019 - 09:32 GMT

Iran’s Foreign Currencies Market Is Stable Despite US Pressures

In 2018 Turkish-U.S. trade was around $20.6 billion.
September 10th, 2019 - 09:25 GMT

Turkey, US Bilateral Trade Volume to Reach $100 Billion

The first half of this year witnessed a 10.6 decline in exports to neighbouring Iraq, valued at JD21.6 million.
September 10th, 2019 - 08:32 GMT

Jordan's Exports to Iraq Plummet by Almost 11 Percent Despite Recent Agreements

Saudi Arabia's Energy Minister Prince Abdulaziz bin Salman speaks during the opening ceremony of the 24th World Energy Congress (WEC) in the UAE capital Abu Dhabi on September 9, 2019. In his first comments since being appointed by his father King Salman, the minister signalled no major change in approach in Saudi Arabia, the de facto leader of OPEC which pumps about a third of the cartel's oil.
September 10th, 2019 - 07:18 GMT

Saudi Arabia Plans to Enrich Uranium for Nuclear Power

Saudi Arabia's Energy Minister Prince Abdulaziz bin Salman speaks during the opening ceremony of the 24th World Energy Congress (WEC) in the UAE capital Abu Dhabi on September 9, 2019. In his first comments since being appointed by his father King Salman, the minister signalled no major change in approach in Saudi Arabia, the de facto leader of OPEC which pumps about a third of the cartel's oil.
September 10th, 2019 - 06:44 GMT

New Saudi Energy Minister to Continue a Similar Policy to That of Al-Falih

Changes to income tax would be procedural, and no changes would be made to overall tax policy or tax rates.
September 10th, 2019 - 06:28 GMT

Egypt to Simplify Tax Procedures to Boost FDI

Prices climbed for a fourth day running on Monday
September 9th, 2019 - 01:30 GMT

Oil Prices Rise as Saudi Arabia Assigns New Energy Minister

China’s GDP growth was 6.2 percent on-year in the second quarter, the lowest rate in nearly three decades.
September 9th, 2019 - 01:00 GMT

China’s Exports Slip in August as US Trade War Rumbles

Pressure has mounted on Saikawa, a Ghosn protege, given the company’s poor performance and strained ties with Renault.
September 9th, 2019 - 12:30 GMT

Nissan CEO Mulls Resigning

The government’s medium-term program, announced a year ago, forecast economic growth of 2.3% this year and 3.5% in 2020.
September 9th, 2019 - 12:00 GMT

Erdogan: Turkey Plans for Economic Growth of 5 Percent in 2020

Majid Jafar, CEO of Crescent Petroleum
September 9th, 2019 - 11:40 GMT

Natural Gas Is More Important Than Ever to the Growth of Mena Economies

The tanker, loaded with Iranian crude oil, was detained off the coast of Gibraltar by the UK navy in early July
September 9th, 2019 - 11:30 GMT

Iran’s Formerly Detained Tanker Sells Oil at Planned Destination

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