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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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To revive the sector, the government has injected roughly $36 billion of taxpayer money into state-run banks over the last five years.
September 1st, 2019 - 08:07 GMT

India Announces Series Merger of 10 Public Sector Banks

Khan directed the PIA chief executive to improve the performance of the airline and increase travel facilities.
September 1st, 2019 - 07:47 GMT

PIA Lays off Nearly 1,000 Employees

RPA ranks as the third fastest growing technology for re-skilling in the US freelance job market.
September 1st, 2019 - 07:30 GMT

How RPA Is Transforming the Way Businesses Operate

Huawei was expected to unveil the Mate 30, its newest high-end handset, at an event in Germany on September 18.
September 1st, 2019 - 07:00 GMT

Huawei to Launch New Smartphone Without Google Apps

His Highness Sheikh Mohammed bin Rashid Al Maktoum.
September 1st, 2019 - 06:45 GMT

Sheikh Mohammed: 'Emiratisation Is UAE's Top Priority'

The sanctions freeze any property those names have in US jurisdictions and aim to lock those blacklisted out of global commercial and financial networks by banning US individuals and companies.
August 29th, 2019 - 10:21 GMT

US Blacklists 2 Iranian Business Groups

Najla Al Shirawi, the chief executive of Bahrain-based Sico.
August 29th, 2019 - 10:19 GMT

Meet the Bahraini Business Women Who Made It to Forbes List

Sixty percent of fund mangers said they would decrease their investments in Saudi Arabia, displaying bearishness that has carried over from last month.
August 29th, 2019 - 10:17 GMT

Saudi Stocks Plummet as Funds Turn Bearish

The expo provides an attractive working environment for innovative Emirati women.
August 29th, 2019 - 10:17 GMT

Emirati Women Constitute 60 Percent of Expo 2020 Workforce

The team is responsible for launching joint housing initiatives, performing studies and presenting proposals to the council’s executive committee.
August 29th, 2019 - 10:17 GMT

UAE, Saudi Form Working Team to Reinforce Partnership in Housing Sector Cooperation

Tourism arrivals from Russia have flourished after Oman Air.
August 29th, 2019 - 10:16 GMT

Oman Eyes Russia as an Important Tourism Market

Total FDI into India from 2014-15 to 2018-19 has been $286 billion.
August 29th, 2019 - 10:03 GMT

India Allows 100 Percent FDI in Coal Mining, Related Activities

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