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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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The layoffs are temporary, but the company said in a filing with the state they could last more than six months.
August 21st, 2019 - 08:31 GMT

US Steel to Lay off 200 Workers by End of Next Month

Exporters and farmers have been lamenting that underpricing has caused a surge in the smuggling of saffron to neighboring Afghanistan.
August 21st, 2019 - 08:30 GMT

The Reasons Behind the Decline of Iran Saffron Exports

Huawei reported sales in the six months through June rose 23.2% over a year earlier.
August 21st, 2019 - 08:30 GMT

Huawei Confident of Thriving Despite US Sanctions

Some of the prominent companies in UAE electric vehicle market are Tesla, Inc., Hyundai Motor Company, Volkswagen Motor Company LTM, Bayerische Motoren Werke AG, General Motors Company and Renault.
August 21st, 2019 - 07:58 GMT

UAE Electric Vehicle Market to Grow 32.1 Percent Until 2025

Nearly 39,000 newly-built houses were sold while the rest were second-hand sales last month.
August 21st, 2019 - 07:23 GMT

Turkey Records Over 100,000 House Sales in July

In the first seven months of 2019, the sector’s exports rose 12.8% to $2.2 billion.
August 21st, 2019 - 07:23 GMT

Turkey Aims to Export $12 Billion in Jewelry by 2023

 Prime Minister Boris Johnson.
August 21st, 2019 - 07:16 GMT

UK Worries on Food, Fuel and Drugs Shortages After No-Deal Brexit

A tax of 100 percent will be also levied on electronic smoking devices.
August 21st, 2019 - 07:04 GMT

UAE to Introduce Tax on Sugary Drinks, E-Smoking Devices Next Year

The Singapore-based company uses the Saudi emblem of two crossed swords and a palm tree.
August 21st, 2019 - 06:19 GMT

Singapore-Based Company Tricks Users Into Investing in Saudi Cryptocurrency

Germany’s economy is heavily dependent on exports
August 20th, 2019 - 01:00 GMT

Is Europe's Industrial Powerhouse Heading Towards a Recession?

Ferrari is best known for flashy, high performance sports cars.
August 20th, 2019 - 11:00 GMT

Ferrari to Expand Sales of Easier-Driving Grand Touring Cars

Currently, $150 billion is invested into UK and US real estate every year from investors in the Middle East and Asia alone, but the experience is painful
August 20th, 2019 - 10:30 GMT

UK-Based Property Business Focus on GCC Nationals for Investing

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