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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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South Sudanese soldiers guard an oil refining facility.
August 25th, 2019 - 10:56 GMT

South Sudan Urges Egypt to Optimize Country's Oilfields

About 3.7 million expatriates were in violation of the residency regulation, 572,573 the labor laws and 242,527 the border security system.
August 25th, 2019 - 10:53 GMT

Over 3.7 Million Expats Arrested, Over 900,00 Deported in Saudi Arabia

Inflation for staples, medicine and basic goods declined in August, according to the SCI’s Saturday statement, with 56.6 and 35.2 percent for food and non-food items, respectively.
August 25th, 2019 - 10:52 GMT

Inflation Rate Plummets in Iran Year after US Sanctions

On the back of increased gas production, Oman’s total LNG exports also recorded a massive jump of about 19 per cent to 10.2mn metric tonnes during 2018 compared to 8.6mn metric tonnes in the previous year.
August 25th, 2019 - 10:51 GMT

Natural Gas: A Significant Contributor to Oman’s Economy

The worst performing of the big-four economies within the Euro area is Italy.
August 25th, 2019 - 10:50 GMT

The Side Effects of the Divergent Economic Performance Across Euro Area

Huawei underlined it was no longer able to work with US chip designers such as Cadence Design Systems Inc and Synopsys.
August 25th, 2019 - 10:50 GMT

US Trade Curbs Might Slash Huawei's Smartphone Revenue by $10 Billion

In 2018, the two countries signed a comprehensive mutual visa exemption agreement.
August 25th, 2019 - 09:23 GMT

Qatar-China Trade Volume up 200 Percent in 30 Years

Fitch predicted a deficit of 9.2% of GDP in 2019 and a nominal GDP growth of 3.3%, compared with the government assumption of 5.7%.
August 25th, 2019 - 07:51 GMT

Fitch Downgrades Lebanon for the First Time in 3 Years

Pakistan Prime Minister Imran Khan speaks during an interview at his residence in Islamabad. Imran has directed Adviser on Finance Dr Abdul Hafeez Shaikh to come up with an economic revival plan completely aligned with the IMF programme so the sluggish economic activities could be kick-started at full pace, sources said.
August 25th, 2019 - 07:36 GMT

Pakistan to Start Working on Roadmap to Revive Economy

Stadia is promising 4K high resolution at 60 frames per second for minimal time lag.
August 25th, 2019 - 07:35 GMT

How Google's Stadia Is Starting a Gaming Revolution

India now has more than a dozen crowdfunding websites.
August 25th, 2019 - 07:35 GMT

How Crowdfunding Can Bridge the Wealth Gap in India

About 2,000 representatives of Egypt’s development partners, investors and high-level business figures from Egypt.
August 25th, 2019 - 07:21 GMT

Egypt to Host 'Invest in Africa 2019' Conference in November

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