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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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Saudi Arabia attracted more than $4.5 billion in foreign equity inflows in May and $2 billion in the first three weeks of August.
August 29th, 2019 - 09:50 GMT

Saudi Arabia Attracts $18 Billion in Foreign Equity Inflows

The introduction of value added tax (VAT) in the Kingdom at the start of 2018 lifted the annual inflation rate to 2.5 percent from minus 0.9 percent the previous year
August 29th, 2019 - 09:34 GMT

Savings' Tax: Potential Measure to Spur Growth in Saudi Arabia

Saudi exports increased 40 percent in 2018 compared to 2017.
August 29th, 2019 - 07:49 GMT

Saudi's EXIM Bank to Be Launched Within Months

The country remains mired in an economic crisis that has bred discontent especially among young people.
August 29th, 2019 - 07:44 GMT

US to Support Tunisia's Democratic Transition With $335 Million in Financial Aid

The project developments in Linesight’s own GCC pipeline are currently worth in excess of $10 billion, with average annual revenue growth of over six per cent.
August 29th, 2019 - 07:31 GMT

Saudi Arabia Tops GCC With Over 5,000 Projects Worth $1.6 Trillion

Emirati businesswomen topped the list of investors during the first seven months of this year, followed by Indians, Filipinos, Pakistanis, Chinese, Egyptians, Bangladeshis, British, French and Jordanians.
August 29th, 2019 - 07:12 GMT

Over 5,000 Business Licences Issued to Businesswomen in Dubai

Asia Pacific solar energy storage market is anticipated to exceed 40 per cent by 2025.
August 29th, 2019 - 06:42 GMT

Solar Energy Storage Market to Grow Over 35 Percent by 2025

Zero + Maria Cornejo is recognized as an eco-friendly designer brand.
August 28th, 2019 - 11:46 GMT

Hyundai to Host Upcycling Fashion Event in New York

The year-on-year export and import figures also show decline in July 2019.
August 28th, 2019 - 11:45 GMT

Qatar's Trade Surplus Drops 5.3 Percent in July

A first exploration well is scheduled to be drilled in the first half of next year.
August 28th, 2019 - 11:45 GMT

Qatar to Enter Exploration Blocks in Namibia

Jordanian girls wave the flag of Jordan.
August 28th, 2019 - 11:24 GMT

Continuous Protests in Jordan Reflect Economic Frustration

Total revenue as of mid-2019 was 5.5 billion compared to 4.9 billion in the same period last year.
August 28th, 2019 - 10:24 GMT

Oman's Budget Deficit Drops 53 Percent in H1 2019

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