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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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Experts say water scarcity is chronic in the Arab world, and will continue to increase due to limited renewable resource.
August 28th, 2019 - 09:53 GMT

How to Solve the Water Scarcity Issue in the Middle East

Khamenei is said to have issued a fatwa against nuclear weapons in 2003 and has reiterated it several times since.
August 28th, 2019 - 08:31 GMT

Rouhani Demands US to Withdraw All sanctions for Talks on Iran's Nuclear Deal

The ministry warned employers against forcing new mothers from returning to work during maternity leave, saying this would result in a fine of SAR10,000 (USD2,600).
August 28th, 2019 - 08:28 GMT

Saudi Arabia Introduces New List of Labor Violations, Penalties

Avia demands the return of $35 million the Russian company paid to secure the order for the airplanes, $75 million for lost profits and $115 million in compensatory damages.
August 28th, 2019 - 08:25 GMT

Russian Conglomerate Sues Boeing Over Delayed Deliveries of Max 8

Services sector recorded a 0.4 per cent growth in value of output at RO3.478bn in the first three months of this year against RO3.465bn in the same period a year ago.
August 28th, 2019 - 08:06 GMT

Oman’s Nominal GDP Falls 1.6 Percent in Q1 2019

In this July 4, 2018, file photo, the Huawei logo is seen at a Huawei store at a shopping mall in Beijing.
August 28th, 2019 - 07:42 GMT

US Receives Over 130 Licence Requests to Sell to Huawei

Offshore Jackup Drilling Rig in the Gulf Of Suez.
August 28th, 2019 - 07:06 GMT

Egypt Expands Oil, Gas Drilling in Gulf of Suez

Gold ingots was the top product re-exported from Bahrain, with its value totalling BD11 million.
August 28th, 2019 - 06:55 GMT

Bahrain-Origin Exports Exceed $606 Million in July

Gold prices sustained an upward trend in past few weeks.
August 28th, 2019 - 06:35 GMT

Gold Demand in UAE May Rise Despite Exponential Surge in Yellow Metal Prices

The aircraft slipped off its hydraulic jacks damaging the nose of the plane and its radome.
August 27th, 2019 - 10:12 GMT

Emirates A380 Damaged at Dubai International Airport

Saif Ahmed Al Ghurair was born in Deira on the shores of Dubai Creek in 1924.
August 27th, 2019 - 10:00 GMT

Founder of Al Ghurair Group in UAE Dies at Age of 95

The bulk of debt issuance in the second quarter came from Saudi Arabia with US$26.8bn.
August 27th, 2019 - 09:47 GMT

GCC Debt Issuance Soars to $40 Billion in Q2 2019

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